“Poor women will never repay their loans -1968
“Poor youth will never repay their loans – 2009
The similarities between the perceptive of financial institutions toward poor women in the 1960s, and perceptive of poor youth today in 2009. Back then it was common to hear “women will never pay back, women are too risky “just as it is common to hear “youth will never pay back, youth are too risky “Today. This is not just a keen observation, but the reality of finance today; assumptions on creditworthiness are to the detriment of the poor youth the world over, not only to their access to finance, but to their quality of life.
If formal banks will not challenge these stereotypes and loan money to youth , then it will be the opportunity of microfinance institutions to challenge these ideas.Microfinance is constantly searching for new markets to respond to , and to provide , what is in the words of many , “social financing “ Youth make up atleast half of the world’s population , and represent our future and today. They are the center of new kind of social financing investment in the years to come. It is assumed that they are higher risk, and susceptible to changing whims and inconsistency , but these are the same assumptions made of women 30 years ago , and these are the same stereotypes that microfinance has a chance to break today.
I’m a consult on youth financial and non financial services , if your need my service related to youth entrepreneurship , youth enterprise mentorship programme , youth financial and non financial services do not hesitated to contact me at:
Email: rockpowerbusiness@yahoo.fr
Tel. +243 813548356
Comment Wall (10 comments)
Your initiative sounds interesting but there is a huge difference between working with CSR or donor funded projects and working to launch microfinance inititives. We have actively launched an agro based project which can be used to support a variety of groups since we work with them from phase I into branding, distribution, ROI modelling. We have worked with NGO/ UN system in th past to launch programs but I am only interested in launching privately funded initiatives to prove that we can make effective changes in these communities without aid.
I have been invited to visit Congo to launch our initiative to support the communities of diamond and gold miners to stabilize the rural communities and create a base for other high risk groups. I would be happy to send you the profile of the project.
Please email me directly at rachelz@medeagrp.com
All the contact info is on the webpage, phonenumber ect., but here is my email:
andrea@industriesforafrica.com
Andrea
Please send me the draft proposal when you prepare it for entrepreneur developement, if you can.
I am doing some projects for tribal youth in the eastern part of India and encouragning them to start small businesses.
Namaste,
ravi
my e-mail is: rpshahi@gmail.com
ravi
Alexandra
He would like to talk to you directly, you can reach him at:
frank@industriesforafrica.com
Please except my apologizes, we haven´t forgotten about you! :-)
Have a nice weekend!
Andrea
Btw - you look hungry in your picture :-)!
Andrea
I understood you are hurt and disapointed, but remember one thing, even if people die, visions don't die with them! Visions stay to remind others of what can be achieved if you believe in it, and I am sure you are powerful enough to take your partners and your vision to the next step - he will be smiling proud of you from some nice cloud in the sky!
Andrea
Andrea
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