18th March 2014
Child & Youth Finance International receive £100,000 from players
Children and young people around the world have moved a step closer to achieving
their dreams as it has been announced that players of People's Postcode
Lottery will award Child & Youth Finance International (CYFI) £100,000. This funding will help to empower young people through financial inclusion.
Of the 2.2 billion children in the world less than 1% has
access to any form of financial education, often exposing them to potential
exploitation. Players of People's Postcode
Lottery and CYFI share the belief that financial inclusion and education are critical
for promoting the economic and social livelihood of children and youth around
This core funding from our players will
help the Child and Youth Finance
Movement to progress. Players' support will contribute to ensuring access to quality
financial services and financial education for 100 million youngsters by 2015.
It will allow CYFI to help children and young people save money, stay in
school, gain and retain employment and ultimately achieve their dreams.
Clara Govier, Head of Charities at People's Postcode Lottery, said, "We are absolutely delighted that our players are able to support Child &
Youth Finance International. I am thrilled that an organisation that is so
focused on providing financial education to children can be helped through our
Jeroo Billimoria, Managing Director of CYFI, added, "I am so excited
and grateful to players of People's Postcode Lottery for their amazing support.
It feels like I have just won the lottery myself! It's completely unexpected
and so kind. The players can be proud to
know that their money is going towards increasing the financial literacy and
economic independence of our youth. With this money we will help our children
and youth take ownership of their dreams."
The announcement comes in the middle of Global Money Week, the
world's largest financial education awareness event. This annual event, coordinated globally by
Child & Youth Finance International, will involve thousands of young people
in the UK in financial education and money awareness activities. Internationally, the organisers aim to reach
three million young people in 100 countries worldwide.
Apart from raising general awareness about the specific needs of
children and youth, CYFI will advance financial inclusion and education of
young people through its network of partners and stakeholders.