UNCDF is the UN’s capital investment agency for the world’s 48 least developed countries. It creates new opportunities for poor people and their communities by increasing access to microfinance and investment capital. UNCDF focuses on Africa and the poorest countries of Asia, with a special commitment to countries emerging from conflict or crisis. It provides seed capital – grants and loans – and technical support to help microfinance institutions reach more poor households and small businesses, and local governments finance the capital investments – water systems, feeder roads, schools, irrigation schemes – that will improve poor peoples’ lives. UNCDF programmes help to empower women, and are designed to catalyze larger capital flows from the private sector, national governments and development partners, for maximum impact toward the Millennium Development Goals.UNCDF launched YouthStart with the support of The MasterCard Foundation in 2010 in response, not only to the approaching youth demographic wave, but also to the lack of opportunities for young people around the world. In an effort to help youth realize its full potential, YouthStart supports strong financial service providers (FSPs) in developing, piloting and rolling out youth-focused financial products, especially savings, and non-financial services (NFS) such as financial literacy or reproductive health education. Through YouthStart, UNCDF aims to demonstrate that (a) when accessing the right combination of financial and non-financial services, youth -young women and girls in particular- are better equipped to make more informed financial decisions, build financial (e.g. savings), social (e.g. social networks) and human assets (e.g. skills and knowledge) for their futures and create sustainable livelihoods; and (b) youth financial services (YFS) contribute to increasing outreach and sustainability of FSPs over time. YouthStart aims to reach 200,000 new youth clients, with at least 50 percent of those being young women and girls, by the end of 2014. Information on UNCDF may be found at www.uncdf.org.
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