The USAID – YouthWin through Economic Participation Project (USAID YEP) aims to empower poor and vulnerable youth aged 18-34 in Indonesia through Financial Life Skills (FLS) trainings. The foundation of FLS training uniquely incorporates the soft skills and financial life skills that will help young people develop their human literacy, manage their personal finances, and strengthen their work readiness, which will ultimately improve their quality of life and create new economic opportunities for them - to be employed or become self-employed.

USAID YEP applies a systematic change approach to create sustainable and widespread improvements in implementing the FLS Training Programs. YEP minimizes direct intervention by strengthening the capacity of government, higher education institutions (HEIs), and training centers to design and deliver a market-driven training program on their own. These strategies ensure YEP’s contribution to achieving the USAID priorities of Journey to Self-Reliance (J2SR) in Indonesia. In addition, USAID YEP will contribute to the development objective of Medium-Term Development Plan 2019-2024 of the Republic of Indonesia as “A Prosperous, Fair and Sustainable Indonesian Middle and High Income”. The project intervention will also contribute to the Indonesia’s SDG Goals.

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The USAID – YouthWin through Economic Participation Project (USAID YEP) aims to empower poor and vulnerable youth aged 18-34 in Indonesia through Financial Life Skills (FLS) trainings. The foundation of FLS training uniquely incorporates the soft skills and financial life skills that will help young people develop their human literacy, manage their personal finances, and strengthen their work readiness, which will ultimately improve their quality of life and create new economic opportunities for them - to be employed or become self-employed.

USAID YEP applies a systematic change approach to create sustainable and widespread improvements in implementing the FLS Training Programs. YEP minimizes direct intervention by strengthening the capacity of government, higher education institutions (HEIs), and training centers to design and deliver a market-driven training program on their own. These strategies ensure YEP’s contribution to achieving the USAID priorities of Journey to Self-Reliance (J2SR) in Indonesia. In addition, USAID YEP will contribute to the development objective of Medium-Term Development Plan 2019-2024 of the Republic of Indonesia as “A Prosperous, Fair and Sustainable Indonesian Middle and High Income”. The project intervention will also contribute to the Indonesia’s SDG Goals:

• Targets 4.4 : By 2030, substantially increase the number of youth and adults who have relevant skills, including technical and vocational skills, for employment, decent jobs and entrepreneurship.
• Target 8.5 : By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value.
  
  
  

FLS TRAINING PROGRAM

The Financial Life Skills (FLS) training which designed and continuously implemented by the USAID YEP program since 2017 has empowered more than 9,600 youth aged 18-34 across Indonesia. This program includes three different programs which available to be selected according to the needs of USAID YEP’s partner institutions, they are:

• Training of Master Trainers
• Training of Trainers
• Training of Youth
  
  
  

WHY FLS TRAINING?

• · Flexible and Adaptable
  
  The trainer is free to design a 14 module training program or a minimum of 2 FLS modules according to the needs of participants. The training may be applied in the face to face learning class or online training sessions to respond to the impact of Covid-19.
  
  In addition, FLS Trainers have the skills to adapt learning sessions according to the needs of youth, whether they are still in school, working or who have their own business.
  
  

• Systematic and Measurable
  
  The FLS Training Program has a systematic procedure to selecting trainers and youth participants, provides certification and conduct its monitoring and evaluation database system to ensure training quality. The FLS training measurement system runs through an online platform that is integrated into the FLS Training curriculum which applicable to be used by trainers, partner institutions and training organizers to measure the effectiveness of FLS Training.
  
  

• Experience-based Training Method
  
  Each session of the FLS training program applies the Experiential Learning Cycle (ELC) model. This method encourages training participants to analyze various activities during the training and draw lessons for the application of skills in everyday life.
  
  

YEP’s recent two-year longitudinal assessment to youth alumni showed a significant positive correlation between Financial Life Skills (FLS) training and employment outcomes. For example, 90% of trainees have new or better employment after the FLS training. 89% of those newly employed individuals stated that the FLS training helped them attain this better employment. And, 96% reported that the FLS training improved their workplace performance (data per August 2020).

USAID YEP CONSORTIUM MEMBER:

FINANCIAL MARKETS INTERNATIONAL, INC. (FMI), U.S.

FMI is an industry leader in financial literacy, financial education, and consumer protection. For over twenty years, FMI has implemented financial literacy and consumer protection training programs worldwide. Most recently, FMI has been at the forefront of financial literacy and consumer protection in Eastern Europe. In Ukraine, FMI developed the country’s first-ever national financial literacy curriculum that was rolled-out to over 10,000 schools. FMI led a nationwide financial literacy and consumer protection campaign for poor and vulnerable populations and established the country’s national strategy and website for financial literacy and consumer protection.

INTERNATIONAL YOUTH FOUNDATION (IYF), U.S.

IYF has been singularly focused on preparing poor and vulnerable youth for productive livelihoods and empowered lives. Working in partnership with businesses, governments, and civil society organizations, IYF capitalizes on its technical expertise, proven curricula, and experiential pedagogical methodologies to help in-school and out-of-school youth become active participants in their economy as a whole. Through such programs as its signature Passport to Success® (PTS) life skills curriculum, which has cultivated young people’s readiness for the world of work in 40 countries and 20 languages, IYF’s programs bridge the gap between young people’s abilities and the competencies the labor market seeks.

GLOBAL ECONOMIC EDUCATION ALLIANCE (GEEA), U.S.

GEEA is a U.S.-based NGO with a primary mission of improving financial literacy and economic decision-making worldwide through training-of-trainer (TOT) programs that build local teaching infrastructure. Led by Ph.D. economists, GEEA has an extensive worldwide network of university-based educators trained to teach financial literacy to poor and vulnerable populations. GEEA employs learning methods that engage the poor and vulnerable, who often have not achieved success in traditional learning environments. GEEA faculty have considerable experience in Indonesia, having conducted workshops in five of the six USAID targeted regions.

INDONESIA COUNCIL FOR ECONOMIC AND FINANCIAL EDUCATION (ICEFE), R.I.

ICEFE is an Indonesian NGO that focuses on economic and financial education for youth. ICEFE’s primary goal is to improve life skills in personal finance and economic decision-making, as well as to increase financial inclusion. Over the past decade, ICEFE trainers have conducted numerous workshops in provinces throughout Indonesia. ICEFE has over 150 financial literacy trainers who have conducted workshops for approximately 2,500 teachers, who in turn have reached approximately 125,000 students. Using an activity-based pedagogy, ICEFE’s TOT approach offers a “multiplier effect” that can distribute economic knowledge at scale in Indonesia.

The consortium is conducting the FLS training program under the umbrella of the USAID/Indonesia‘s Inclusive Workforce Development (IWD) Program in collaboration with the MoEC; the technical ministry that will function as a "Resource Partner" to assist the implementation of YEP and other USAID-funded IWD projects. YEP will continue to consult, coordinate and communicate with MoEC regarding the implementation of YEP activities.

FACT SHEET