Research Report 2012-02-18 Arafo Jama Student Number: International Business & Management studies HBO Nederland Unviersity of applies sciences Research Analysis Of Child and Youth Friendly Banking Product Development Guide For Child and Youth Finance International Company Participation member School: HBO Nederland University of Applied Science Address: kortestraat 1, 6811 EN Arnhem Telephone: 026-4455 1023 www.hbonederland.com Company: Child and Youth Finance International Address: Sarphartistraat 7, 1001 RA!…
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Today the youth population globally is 1.2 billion representing the world’s largest youth population (UNCDF, 2012). This research analysis examined the feasibility of offering child and youth friendly banking products (CYFI) as a partial solution to the problems confronting children and young people in terms of achieving a viable economic future. In order to analyse the challenges and opportunities for CYFI, an empirical study was conducted in which a total of 10 executives from different banks were interviewed. It is concluded that the provision of CYFI can only be achieved through a multi-agency approach which includes policy makers, legislators, bankers, educators and other financial services. This partnership is necessary to overcome the risks associated with contracting with minors, the relative immaturity of minors relative to their ability to understand and take responsibility for financial management and other challenges that will be identified in this research report analysis. Table of contents INTRODUCTION LITERATURE REVIEW CHAPTER 1 1. Introduction 2. Research Question 3. Methodology 4. Literature review CHAPTER 2 1. Why are child and youth friendly banking products important? 2. What would the ideal child and youth financial product look like? 3. What is the current state of child and youth friendly banking products? 4. What are real-life examples of characteristics of child and youth friendly banking products? 5. What is the current state of certification? CHAPTER 3 1. Findings 2. Conclusion Reference INTRODUCTION According to the CYFI access to financial products by youth and children is described as either a savings or checking account held by a child or a young person who is under the age of 18. The child or young person is also required to have significant control over the account and includes means by which the child or youth has “financial incentives”, includes strategies for communicating employment, is connected to financing the child or youth’s education, canvasses the child or youth’s “satisfaction”, and has “internal controls” for monitoring these factors. Once the criteria as set forth below is met, the financial institution offering CYFI is eligible for certification for providing Child and Youth Friendly Banking Products (Child & Youth Finance International). The Child and Youth Finance Movement began the initiative for encouraging and implementing policies and services that comport with five core principles. The first of these core principles are informed by international human rights and in particular the Convention on the Rights of the Child 1989. In this regard, the first core principle maintains that children and young people are entitled to human and economic rights and protections. The second core principle advocates that institutions have a duty to operate their business affairs so that children and
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skills achieved by a certain age. Milestones are simply normative markers at median ages. Some children will develop slower and some faster. The ages for the milestones are therefore, only approximate and should not be taken as dogma or hard lines of delineation.
A child’s psychological development is related to his age in years and the type of behavior at every age serves as a guide/ signal to a healthy development. The first interaction that an infant comes across is with the parents and family. Later on, their psychological development is affected at every age as the spectrum of social interactions widens.
For a long period, this issue has raised a lot of controversies among experts in the field of children’s mental health development. Bipolar disorder constitutes incidents of both major mania and despair. The diagnostic manual relied upon by mental health professionals is based on the identification of bipolar disorder among grown-ups.
The findings indicate children with higher levels of adaptation prowess showed lower percentages of academic problems and that the European American boys had higher levels of academic problems than girls as well as children coming from other minority groups. The findings indicate academic problems are related to the students’ adaptive skills.
The author states that there are a number of approaches to reduce the product development growth time. The organizations form their approaches which may be strategic, systematic and synergistic. This is very important as the increasing competition is leading the firms to develop their products in a lesser time than their competitors.
According to the paper parents need to acquire means and ways to respond to the crisis their children might find themselves in. Holistic child development understands the need for emotional, physical, mental and spiritual development. Salvation might seem to be the remedy of a child in crisis, but at the same time, food, security, safety and healing is equally important to this same child.
The questionnaire prepared to conduct the study had two parts - the first part inclusive of items that pertained to demographic, socio-cultural and socio-economic variables while the second part pertained to psychosocial ones. Only those respondents who admitted to item 8 asking if they had one or more parents with mental disorders were allowed to proceed to the second part.
A child is free from the filthy and dirty noises of the world. The motto of child in life remains eat, drink and be jovial. All charm of childhood life cannot be forgotten (Thamsanq 2013). The memories have everlasting impacts on ones life.
The farther their culture or orientation from me, the more I like it because I learned more from the person.
I can recall there was this Asian new student in school in the name of Erick. Nobody paid so much attention to him because
She reaches for the menu card and picks it up. She brings the card in front of her and looks at the condiment stand as well.
5:04- She opens the menu card and says “I will eat.” she begins to flip through the pages barely trying to read. Her face has a look of
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