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MyBnk is a UK social enterprise and charity who specialise in
financial education Financial literacy is the possession of the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. Raising interest in personal finance is now a focus of state-run prog ...
and enterprise for 7-25-year-olds with the goal of equipping young people with the skills to manage money and become work-ready. It was founded in 2007 by now CEO Lily Lapenna and Michael Norton OBE to tackle record personal debt and encourage business start ups. Lapenna was shortlisted for a 'Women of the Future Award' in 2015. She believes that young people feel “a sense of disillusionment, disengagement and distrust” towards banks. MyBnk has been described as an award-winning charity specialising in teaching young people how to manage their money. It has been considered one of the "great organisations out there inspiring the next generation of entrepreneurs". It provides financial education workshops and sessions in schools, with a range of lesson plans and resources for teachers. It also uses
microfinance Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings ...
schemes to help young people save and borrow money. The company has been cited as providing opportunities for young people to play an active role in society. Based in Brick Lane, its direct delivery approach has reached 46,000 young people in 240 secondary schools and youth organisations. MyBnk has won praise for its collaborate style, bringing together several professions and young people to create programmes that have won several awards, including 2010's Children and Young People Now Financial Capability prize. In 2012 they won a
Centre for Social Justice The Centre for Social Justice (CSJ) is an independent centre-right think tank based in the United Kingdom, co-founded in 2004 by Iain Duncan Smith, Tim Montgomerie, Mark Florman and Philippa Stroud. Political positions The organisation's stated ...
award for work preventing poverty.


References

{{reflist Educational charities based in the United Kingdom