Banking on Change (BOC) - GS&L Linkages with financial institutions



    Start Date: 01.01.13: End Date: 31.12.15

    Current Beneficiaries: direct; 106,842, indirect; 427,368

    The Banking on Change project phase II funded by Barclays UK comes as a result of the successful implementation of Banking on Change phase one which ended in December 2012. At a global level, the project is done in partnership with Plan International. The phase two runs from 1st Jan, 2013 and is to end on 31st, Dec, 2015. The 3 year project is to target 80,823 youth and women in order to have increased potential for wealth creation through access to financial services, employment creation and business skills by December 2015. The project is being implemented in six counties in Kenya namely Migori, Kisii, Homa Bay, Kisumu, Nairobi and Embu. A total of 12 sub counties are targeted within the six counties.

    BOC Phase II at a global level focuses on Youth - the Next Generation. This is aligned with CARE Kenya?s programme approach which identified youth in Kenya as one of its priority impact groups. In BOC Kenya Phase I, 39.4% of youth (aged 10-35) were reached. BOC Kenya wants to deepen the outreach to youth to empower them with skills necessary for greater financial management, asset acquisition and improved income generating activities. This is to be achieved through Financial Education, GSL, linkage to financial institutions and enterprise and value development. The skills gained in financial, marketing and enterprise development will enhance self-reliance and improve the youth?s ability to seek employment. In these areas the project is mostly implemented in urban centers and rural areas especially in sub-counties of Dhiwa, Mbeere and Homabay.

    Currently the BOC II Project has engaged 26 implementing partners (Franchisees and FBOs) who are supporting 108 Community Based Trainers. In addition the project has had an opportunity to engage 170 Barclays Bank Kenya staff in the field where they are providing basic skills on entrepreneurship skills, accounting and banking information.


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