MEDA to announce findings from YouthInvest Project

Post-project evaluation leads to insights on financial inclusion

April 12, 2016

FOR IMMEDIATE RELEASE

Waterloo, ON - MEDA (Mennonite Economic Development Associates) will celebrate the positive impact of youth economic empowerment with a half-day learning event on Tuesday, April 26 from 9.30am to 12.30pm at the Chestnut Conference Centre, in Toronto (located near Dundas and University). This event is of special interest to international development practitioners and donors.

The event will highlight the findings of an impact evaluation of MEDA’s YouthInvest project. From 2008 to 2014, YouthInvest reached over 63,000 youth in Morocco and Egypt with savings, loans and skills training. With the support of The MasterCard Foundation, we worked with banks, microfinance institutions and training institutions to develop youth-friendly products and build capacity of their staff to support youth clients. In 2016, we completed an impact evaluation on our skills training program and are excited to release results of this evaluation.

“We’re thrilled to be sharing the results from this evaluation with the development community. We knew that YouthInvest had a positive impact on young people in Morocco and Egypt, but now we have much more nuanced data on what worked and what we can improve on future projects for MEDA and for others,” said Jen Denomy, Director of Youth Economic Opportunities at MEDA.

Presentations on other successful youth economic empowerment projects will be given by representatives from Plan Canada and Care Canada. MEDA will release the first of three learning documents at the event. The second and third learning documents will be available in May.

For questions about the event, please contact:

Ethan Eshbach at eeshbach@meda.org

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About MEDA:

MEDA is an international economic development organization whose mission is to create business solutions to poverty. Founded in 1953 by a group of Mennonite business professionals, we partner with the poor to start or grow small and medium-sized businesses in developing regions around the world. Our expertise includes a full range of economic development tools: financial services, improved technology, business training, better access to markets and equity investment. Our work most often focuses on women, youth and the rural poor. We believe that all people deserve the opportunity to earn a livelihood and that unleashing entrepreneurship is a powerful way to alleviate poverty.