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Enabling markets of financial services for the rural youth

Insights and recommendations

Year of publication 2024

Place of publication Rome, Italy ; Bonn, Germany ;

Pages 68 p.

Author Buchenau, J.; Benni, N.; Cungu, A.;

Publisher FAO ; GIZ ;

Product type Book (stand-alone)

ISBN 978-92-5-139413-7

To cite or share https://doi.org/10.4060/cd3509en

Synopsis (short abstract) The issue of financial exclusion stands at the forefront as one of the core bottlenecks that constrains rural young people from achieving their full economic potential. Rural youth from all backgrounds face considerable challenges when seeking to access and make use of quality financial services from formal financial service providers, such as commercial banks, microfinance institutions, and credit unions. The capacity to access and make proper use of quality financial services represents a crucial factor that enables youth to kickstart and expand new business ideas, pursue higher levels of education, build assets over time, and attain socioeconomic independence. It represents, therefore, a critical, foundational element for youth entrepreneurship, empowerment, and resilience. In this sense, the regulatory and sociocultural environment in which youth live and work can play a major role in constraining – or facilitating – their financial inclusion.

Cite this content as:

Buchenau, J., Benni, N. & Cungu, A. 2024. Enabling markets of financial services for the rural youth – Insights and recommendations. Rome, FAO and Bonn, Germany, GIZ.


https://doi.org/10.4060/cd3509en

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Language English

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