2.5 Billion
2.5 billion – more than half of the world’s working adults- are excluded from financial services. This is most acute among low-income populations in emerging and developing economies, where approximately 80% of poor people are excluded
33% Youth
Youth are 33% less likely to have a savings account than adults and 44% less likely to save in a formal institution.
50% East Asia and the Pacific
Saving-account penetration rates for youth vary by geographical region, ranging from 12% in Africa to 50% in East Asia and the Pacific.
High cost of financial services
Youth are often excluded from access to formal financial services. Reasons include legal restrictions, high transaction costs and negative stereotypes about youth. Regulatory frameworks and inclusive policies that are both youth friendly and protective of youth rights are needed to increase youth financial inclusion.
Financial inclusion
Financial inclusion has been broadly recognised as critical in reducing poverty and achieving inclusive economic growth. While financial inclusion is not an end in itself, but a means to an end—there is growing evidence that it has substantial benefits for individuals. Studies show that when people participate in the financial system, they are better able to start and expand businesses, invest in education, manage risk, and absorb financial shocks.
As seen on:
Financial literacy is vital in supporting economic growth
QNET understands that a better future starts with education and inclusion
FinGreen aligns with the United Nations and Addis Ababa Agenda
Launched in 2022, FinGreen aligns with the United Nations2 and Addis Ababa Agenda3 to provide adequate skills and proper developmental training for all, particularly for youth, women, and those embarking into entrepreneurship. The programme will play a pivotal role in supporting marginalised communities worldwide to achieve the UN SDGs and establish a stable and healthy economy in developing nations
At QNET, we are committed to empowering people to take charge of their future and lead better lives. Through FinGreen, we aim to address the challenges of financial know-how faced by young people and women in particular, through education and training.
The FinGreen Programme is based on the following three pillars
1. Assess
FinGreen takes a ground-up approach to financial education. We collaborate with local experts and partners to assess and identify the target segment for the training.
Surveys and feedback sessions are conducted throughout the programme duration to ensure the uptake of key messages and implementation of improvements based on continuous feedback from participants.
2. Train
The smallest seeds can blossom into the most beautiful forests. Sessions under the FinGreen programme are concise and time-efficient to achieve effective results. This is particularly important for young adults, especially those from economically disadvanted backgrounds who may lack the resources to complete longer courses.
Trainers are carefully selected to be simple and approachable. Whether face-to-face or online, lessons encourage peer-to-peer conversations where questions, issues, and feedback can be addressed openly and freely.
3. Advocate
FinGreen is not just focused on cultivating financially savvy communities. It also incorporates many essential aspects of personal development, such as curiosity and self-esteem.
The program aims to transform participants into confident, aware and financially savvy individuals who are able to champion and share the knowledge with others in their families and communities. Thus creating a ripple effect with a much broader and longer term impact
Malou Caluza