Linking Youth with Knowledge and Opportunities in Microfinance (LYKOM) Project, Morocco: A Youth Livelihoods Program Case Study

Save the Children and Fondation Zakoura Microcredit (FZMC) are implementing the "Linking Youth with Knowledge and Opportunities in Microfinance," or LYKOM (which means "for you" in Arabic) project with seed funding from the U.S. Agency for International Development (USAID) and cofinanced with private funding from Save the Children and FZMC.

The program includes financial and business literacy training; savings promotion; and access to credit for youth businesses.

Lessons learned include:

• Entrepreneurial skills training is not appreciated by all youth;
• The notion of ‘small enterprises’ and of growing businesses gradually is not well understood;
• Current minimum savings levels at La Poste (post office) may be a barrier to youth savings; and
• Parents’ influence is strong, and programs may need to change negative parental attitudes about entrepreneurial activity.