MEDA Youth. Invest project Morroco – Egypt Luxembourg 2010 contact@e-mfp. eu www. e-mfp. eu
MEDA n MEDA was created in 1953. MEDA believes that all people may experience God’s love and unleash their potential to earn a livelihood, provide for families and enrich their communities; n Our main activities are market linkages, financial services and investment funds development contact@e-mfp. eu www. e-mfp. eu
Youth. Invest n Youth. Invest is a 5 years project funded by Master. Card Foundation; n The main objective is to facilitate access to financial and non financial services to youth in Morocco and Egypt; contact@e-mfp. eu www. e-mfp. eu
Youth Invest Goals n To support education and training opportunities for youth to ensure improved long-term prospects and to contribute to a higher-quality workforce n To increase youth access to appropriate financial services, such as loans and savings n To support financial service providers – including MFIs and banks – to develop financial products appropriate to economically active youth n To provide on-the-job experience through short placements in safe, appropriate and active businesses contact@e-mfp. eu www. e-mfp. eu
contact@e-mfp. eu www. e-mfp. eu
Savings 60% 96% of youth save among whom 40% saves regularly. At which frequence, do you save? 50% 40% 30% Only 4% of youth don’t save because of : 20% Ø lack of money (67%) Ø lack of work and regular income 10% (17%) 0% Ø excessive expenses (17%) every time that I had money each week each 20 days « I am still studying and the little allowance that my parents give me is just enough to cover my education’s expenses » contact@e-mfp. eu www. e-mfp. eu
Opening of a saving account 82% have a saving accounts among whom 72% had opened it thanks to the program. Do you have a savings account? This account is generally opened in « la poste » because of the little minimum deposit that it requires. yes no 19% didn’t open a saving account because of : q lack of money or lack of a regular income (45%). So they save a little amount of money in their house. q tutor is busy or refuses to open a saving account for his child (a lot of work, live far in the suroundings regions )(10%) q fact that youth were busy by the revisions and exams and they didn’t find a time to go to the bank/ « la poste » (10%) q fact that by saving at home, youth access easily to their money (7%) contact@e-mfp. eu www. e-mfp. eu
Savings objectives Do you have a saving account? 96% of youth have a saving objective among which 90% defined it thanks to the program 19% yes no 82% The youth save in order to: Ø create their own business (25%). They affirmed that savings would not be enough but it’s necessary to show their will and their committment to the business; Ø buy their clothes , their shoes, finance their travel…. (21%) Ø buy an asset like a bike or a mobile phone (17%) Ø face the emergency cases like illness (14%) contact@e-mfp. eu www. e-mfp. eu
Increase in savings 70% 60% For 65% of youth, the amount saved increased. This amount is less or equal to 200 dh for 55% of youth. since the first deposit, does the savings amount…. ? 50% 40% 30% 20% 10% 0% increased decreased remind the same For 35% of youth, the savings remined the same or decreased a little because of: q lack of money due to the fact that they don’t work or don’t have a regular income(44%); q higher expenses that youth faced (24%) as participating to the household expenses or education fees; q fact that they just opened their account and don’t have enough time to increase their savings(11%). contact@e-mfp. eu www. e-mfp. eu
Impact of training on youth behavior All the young interviewees (100 %) declared that their behavior has positively changed thanks to the program. 95 % of youth assert that this change of behavior was noticed by one third person. The majority of youth qualify the program as a good experience and encourage others to attend it. Youth assert unanimously that the program helped them by allowing them mainly to: Ø Ø Ø Have a better relation with their acquaintances (friends, family, professors…) (17, 5 %) Save (16, 5 %) Manage better their expenses (14, 4 %) Fix a purpose and plan to realize it(12, 5 %) Strengthen their personal skills (10, 8 %) contact@e-mfp. eu www. e-mfp. eu
The most appreciated aspects in the program 22 % of youth declare that it is the training’s contents which they have most appreciated followed by the training’s method Training (19 %) and the Trainer (18, 6 %). These 3 aspects are, according to youth, the success keys of the program " 100 hours to success ". 5. 3 6. 6 22 6. 1 6. 2 7. 7 18. 9 8. 6 18. 6 training content training methodology trainers opening of a saving account training schedule training period logistics training duration other contact@e-mfp. eu www. e-mfp. eu
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