YETU Youth Fund



The challenge

Over 13.3% of youths are unemployed and those who are employed are highly likely to be underemployed, in precarious and non-rewarding work, or in jobs that cannot offer decent incomes. 83.5% of the Ugandan population aged between 15-29 work in informal jobs, and that figure is 10% higher for young women. Youth are widely thought to be lacking the skills, competencies and knowledge to enter the workforce. In rural communities, youth lack the collateral to access and utilise credit and on other other hand financial institutions are concentrated in urbans areas. This leaves out a big percentage of youth who are in rural communities.

What we do




Access to financial services plays a critical role in enhancing economic growth and reducing inequalities. Inclusive financial systems allow the rural poor to insure themselves against economic vulnerability, to save and borrow, to build their assets, invest and improve their livelihoods. YETU under this program focuses on establishing and strengthening youth savings and credit groups, mobilizing funds to build a credit pool and building the knowledge/skills of youths in entrepreneurship, financial literacy, business skills and records keeping.

Through the program, we aim to create communities where all people of working age have access to quality financial services, provided at affordable prices, in a convenient manner, and with dignity. The program also seeks to sustainably increase the access to and utilization of affordable financial services by the rural youth.

YETU conducts financial literacy and business skill classes for youth and thereafter supports them with Micro-Credit to invest in income-generating activities. Because youth do not have any assets to act as collateral for loans, YETU uses the co-guaranteeing method were youth are in collectives to support one another. The collectives are then mentored into savings groups as the incomes from youths’ businesses grow. As the groups grow and increase their savings portfolio, they are linked to the formal sector where they can access advanced financial services.