Increasing Financial inclusion for Children
Children and youth represent one-third of the world’s population, and in some countries, especially emerging markets, they can constitute almost half of the population. With limited access to formal-sector financial services, children can be particularly vulnerable to economic shocks and to resorting to informal money lenders or potentially abusive and exploitive situations to bridge the financial crisis. What little products that do exist for children are not always designed to address their unique needs and challenges.