Save the Children & Bank of Kathmandu

An agreement was signed between Save the Children and Bank of Kathmandu (BoK) on Tuesday formally to launch the YouthSave project in Nepal. Brian J Hunter, country director of Save the Children and Ajay Shrestha, CEO of BoK signed the agreement. YouthSave is a multi-country learning project to encourage low-income young people aged 12-18 in developing countries to save through formal sources for a better future. Supported by The Master Card Foundation, the project will be implemented in four countries including Nepal by a consortium of four organisations led by Save the Children. The project is being implemented in Nepal, Colombia, Kenya and Ghana from 2010 through 2014. In Nepal, Save the Children has partnered with BoK to develop and roll out a savings product across the country that will encourage engagement of low-income youth in the banking system.

Source:
tht