Savings and Financial Education for Girls in Mongolia: Impact Assessment Baseline Study

The objective of the Savings Innovation and Expansion for Adolescent Girls and Young Women project in Mongolia is to unleash the power of girls to create positive change in their families and communities. This is called the Girl Effect. This project is based on the belief that when girls are offered savings products and financial education tailored to their needs and tastes, they are socially and economically empowered, and their families, as well as implementing institutions, benefit over the long term.

This report presents the results of the baseline impact assessment of the girls’ savings and FE program. The baseline study established the initial levels of girls’ knowledge, skills and attitudes (KSAs) and behavior in terms of saving money and using banks. Specifically, it looked at girls' knowledge of, comfort with, and ability to control banking products and services in their name, particularly savings. Social outcomes were assessed through indicators of girls’ social networking behavior and self-esteem.