2015 | Colombia, Ghana, Kenya, Nepal
Youth Saving Patterns and Performance in Colombia, Ghana, Kenya, and Nepal: Key Findings
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Financial Inclusion
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Financial institutions in YouthSave launched the new youth-oriented saving products in 2012. In Colombia, Banco Caja Social (BCS) began offering the product in late February, followed by Bank of Kathmandu Ltd. (BOK) in Nepal in April. Ghana’s HFC Bank and Kenya’s Post Office Bank (Postbank) launched their products in May. Product rollout dates depended on product and marketing readiness. This report is based on data from each country’s rollout date through May 31, 2014. Accounts have been open for an average of 13 months in Colombia and in Nepal, 11 months in Kenya, and eight months in Ghana.
Johnson, L., Lee, Y., Ansong, D., Sherraden, M. S., Chowa, G. A. N., Ssewamala, F., Zou, L., Sherraden, M., Njenga, M., Kieyah, J., Osei-Akoto, I., Sharma, S., Manandha, J., Rodriguez, C., Merchan., F., & Saavedra, J. (2015, September). Youth Saving Patterns and Performance in Colombia, Ghana, Kenya, and Nepal: Key Findings. (CSD Research Brief No. 15-55). St. Louis, MO: Washington University, Center for Social Development.