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In Cooperation with Sanabel, Silatech et CGAP Conduct Youth Financial Inclusion Survey

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30, Dec, 2012

In the wake of the Arab Spring, the ability of youth across the MENA region to access financial services has come into focus, be it sustainable sources of financing to help start or grow a business, save for future life needs or insure themselves against unforeseen events. The FINDEX financial inclusion study carried out by the World Bank in 2012 highlights that only 13% of youth have access to formal financial services, the lowest of any region in the world.

 

Given this situation Silatech, a social initiative dedicated to creating jobs and economic opportunities for Arab youth, and CGAP, a policy and research center dedicated to advancing financial access for the world's poor, are conducting a survey of microfinance institutions (MFI) in the MENA region in cooperation with Sanabel - The Microfinance Network of Arab Countries.

 

The objectives of the survey are to identify (1) the level and type of provision of financial and non-financial products and services to youth in the region, (2) the difficulties faced by MFIs in providing products and services for youth, and (3) technical and financial assistance that MFIs need in order to expand their products and services to youth. 

 

The findings of this survey will provide more detailed information on youth financial inclusion in the MENA region, which can serve both to inform public policy and identify the support needs of MFIs in the region. 

 

The information collected will be confidential and will not be reported except through aggregate statistics that describes the sector as a whole. Key findings of the survey will be shared with stakeholders, policymakers, and MFIs taking part in the survey. This would benefit survey respondents by allowing them to benchmark their institutions against regional averages. 

 

If you are interested in participating in the survey, please contact Mr. Qazi Rashid at qmr@silatech.com.

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