Dream Accounts team - In the US, low-income students are four times more likely to graduate if they have a savings account. Unique in the US, a ‘Dream Account’ allows teenagers to be primary account holders and rewards them for good savings behaviour.
With funding from Barclays’ Social Innovation Facility, the team worked in partnership with 1,000 low-income students to develop a new savings account and an innovative app that connects teenagers to share tips on getting ready for college. In the first three months after launch, 11,000 Dream Accounts were opened. Watch the video to find out more (new window).
Tarun Ahuja - Tarun led a six-month paid internship to help tackle youth unemployment in Noida, India. Students were taught technical, communication and presentation skills, combined with an in-depth understanding of business. Tarun played a vital role in developing young talent and supporting them to gain the skills and confidence they need to achieve their personal and professional goals. To date, two interns have secured work placements. Watch the video to find out more (new window).
Barclaycard Spain team - In Spain, 55% of people aged 16 to 24 are unemployed. With the economy increasingly dependent on tourism, the team launched the Kitchen of Opportunities catering project. To date, 100 young people at high risk of social exclusion have benefited by learning cookery, English and money skills to improve their job prospects. The apprenticeships provided practical work experience, and 12 young people have secured permanent jobs in Madrid as a result of the team’s efforts. Watch the video to find out more (new window).
Oliver Bailey - Oliver agreed a risk guarantee with Barclays’ Social Innovation Facility to secure a £1m loan for Azuri Technologies to fund 32,000 solar installations in rural Africa. The ‘pay as you go’ solar units give Kenyan families access to affordable power and light as an alternative to highly toxic kerosene lamps. As well as improved health and environmental benefits, the units provide employment opportunities through local distribution networks. They also enable adults and children to study and work after dark. Watch the video to find out more (new window).