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Value Girls Program: Increasing Resilience through Economic and Social Development Sherry Khan Cardno Emerging Markets USA. Background. Target population : Young women 14-24 years Location : Nyanza and Western Province, Kenya

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  1. Value Girls Program: Increasing Resilience through Economic and Social DevelopmentSherry KhanCardno Emerging Markets USA

  2. Background • Target population: Young women 14-24 years • Location: Nyanza and Western Province, Kenya • Objective: Improve the socio-economic welfare of these young women • Approach: Strengthen participation in high growth value chains • Period of performance: 2008-2012 • Funders: Nike Foundation and USAID

  3. Conceptual Approach Market System Her Household Value Girl

  4. Program Model KBDS Local Facilitating Partners Program Management Savings Mobilization Economic Improve socio-economic development of girls and young women Core Strategies Core Components Access to Credit Social Production and Market Linkages Support Activities Men and Boys Technical Service Providers Business Development Financial Literacy Mentorship

  5. Results • Young women in enterprises: 2202 • Men & boys reached: 1643 • % of girls with increased incomes: 71% • % of girls with savings accounts: 75% • Loans disbursed: 1121 valued ~$145,000 • Loan repayment rate: 90% • Increased confidence & decision making

  6. Lessons Learned • Who does it? Who pays? • A phased approach helps manage risk • “Learning by doing” is attractive to young women • Despite low incomes they save regularly • Young women often have the best solutions to their problems – they’re resourceful • Be demand, not supply, driven • Don’t shield young women from market risks • Involve men and boys early on

  7. Challenges • Starting a business takes time • Operating in a culture of handouts • Value Girls’ understanding of project objectives low – older women caught on more quickly • Constant changes in market • Previous bad experience with financial institutions

  8. Assets • Social support • Business education • Own enterprises • Savings • Financial literacy and access to finance • Increased respect at home & in community • Higher self esteem They are now economic agents of the household and community.

  9. Thank you! Sherry.Khan@Cardno.com

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