[email protected] building the childfinance movement luxembourg, european microfinance week november...
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[email protected] www.e-mfp.eu
Building the ChildFinance MovementLuxembourg, European Microfinance Week
November 3rd, 2011
Jared Penner, ChildFinance Education Manager
[email protected] www.e-mfp.eu
ChildFriendly Banking Certification Criteria
3
Minimum Institutional Requirements
• The financial institution is licensed under appropriate national laws and regulations
• The institution is in good standing with its national regulatory authority
• The institution is covered by a deposit guarantee scheme, if applicable, in the country
• The institution has a code of conduct with respect to children including staff training and development programs on how to interact with children
Certified ChildFriendly Products
• Non-discriminatory access to products
• Maximum control by the child within the national legal and regulatory framework
• Net positive financial return received by the child
• No penalty in case of withdrawals
• No or minimal requirements with respect to initial opening deposits
• No credit facilities related to product
• Child-friendly communication surrounding the product
• Financial education component to the product (different levels ranging from educational brochures to “Bank in School programs”)
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NationalAdvisory
Committee
Inclusion Taskforce
Academia TaskForce
Media Taskforce
ChildFinance Education Taskforce
Technology Taskforce
ChildFinance Country Platform
• Advisory committee steered by Finance Authority
• Taskforces implement ChildFinance activities
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Curriculum Development Guide, Not Independent Program
Learning Outcomes along Four Levels of Complexity
• Level 1 – 0-5 years• Level 2 – 6-9 years• Level 3 – 10-14 years• Level 4 – 15+ years
3 Components:
1.Financial Education (OECD, UNCDF): Resources and Use, Planning and Budgeting, Risks and Rewards, Financial Landscape2.LifeSkills Education (UNICEF, UNESCO): Cognitive Skills, Personal Skills, Interpersonal Skills3.Livelihoods Education (ILO): Entrepreneurship, Lifepath Mapping
ChildFinance Education Core Content Framework
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Challenges:• Sustainability of the ChildFinance Movement and its activities• Effective coordination of multiple initiatives• Making the business case within the current financial climate• Child labour critics / The realities of working children • Impact evaluation
Please join the ChildFinance Movement!!!
Contact [email protected] or www.childfinanceinternational.org