The New Youth Finance by E-Bursum

E-Bursum empowers young people financially and teaches them how to use financial resources efficiently.

Photo of Mesut Keskin
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  • Yes, I fulfill all of the eligibility criteria.

Initiative's representative name

Mesut Keskin

Initiative's representative date of birth


Initiative’s representative gender

  • Man

Which eligible market are you based in?

  • Turkey

Where are you making a difference?

Turkey, all cities

Website or social media url(s),,,,

When was your organisation founded?

January / 2016

Focus areas

  • Helping people adapt to technologies of the future
  • Financial skills and capability
  • Reskilling and upskilling the workforce
  • Creating digital tools

Project Stage

  • Established (successfully passed early phases, have a plan for the future)
  • Scaling (expanding impact to many new places or in many new ways) 

Yearly Budget: How much capital do you need to accomplish your proposed project?

  • $50k - $100k

Organisation Type

  • Hybrid

1. Founding story: Share a story about the "Aha!" moment that led the founder(s) to get started or the story of how you saw the potential for this to succeed

Our founder Mesut has had financial difficulties after the earthquake in his hometown. He has searched financial supports but could not find any because of the non-technologic youth finance system in Turkey. He has decided to create a more democratic and technologic system to let young people to be empowered by financial institutions.

2. The problem: What problem surrounding employability or financial capability are you helping to solve?

Turkey is one of the countries in the world where youth unemployment is more than 25% and every year more than half a million young people drop out of school for financial reasons. Solving the educational finance problem and unemployment problem will lead us to a better country, a better world and a bigger impact.

3. Your Solution: How are you planning to solve this problem? Share your specific approach.

E-Bursum has 3 steps of educational finance model, where students first apply for an institutional scholarship/support through the platform and if the student needs more support then can create a crowdfunding company through the platform. If still needs money the platform offers student loans which are very advantageous comparing to normal loans. After financing students, E-Bursum with its collaborations with big companies let students apply to internship and job opportunities and make sure that supported students get a job after graduation.

4. How are you innovating or using unique approaches to solving the problem?

E-Bursum has a unique financing model with all possible ways to finance young people. Additionally, helping young people for employment is a unique way of E-Bursum.

5. Employability: how is your organization or project teaching people to develop the skills that they need to survive in the future job market?

We teach young people the skills that they need in order to get a job. We help them to learn English, preparing resumes, technology literacy and AI 101.

5a. Please describe which future-oriented skills your organization is focused on fostering and how you have measured / plan to measure progress

Technology literacy, AI 101, Blockchain 101. We use a tracking system in order to track how people use the contents. In addition to that, we create focus groups after replacing young people to jobs.

6. Financial capability: how is your organization or project creating innovative solutions that arm people with ability to optimize their current and future financial health

First of all, with our 3 steps financil model, we finance young people for educational purposes and with an online financil literacy education and contents, we teach them how to use the financial resources efficiently.

6a. Please describe what aspect of financial capability your organization is focused on fostering and how you have measured / plan to measure progress.

We focus on financial literacy and understanding financial terms for future plans. We use technological tools and focus groups to measure the progress.

7. Marketplace: Who else is addressing the same problem? How does the proposed project differ from these approaches?

Banks, financial institutions address the same problem. We collaborate with them.

8. Impact: How has your project made a difference so far?

More than half a million student (576K) use E-Bursum services in Turkey and 50 million TRY has been distributed to students.

9. Financial Sustainability Plan. Can you tell us about you plan to fund your project and how that plan will be sustainable in the short, medium, and long term?

we have a 3 steps business model to sustain our project. A subscription fee from institutions, a commission from each crowdfunding campaign and a commission from banks for each loan. Additionally, we will have a business model in the near future based on a new model of advertising.

10. Team

we have 4 full-time team member and 4 part-time. As project grows we'll be 8 full time and 4 part-time people. We're planning to be 8 full-time people in 2020. We have 3 IT, 2 sales & marketing and 2 operational and 1 blog manager team member.

Help Us Support Diversity! Are you a member of an under-served , under-represented, or marginalized group in your country of residence? (yes/no) (this question is optional – if you choose to fill it out, the response will not be shared with your fellow contestants)

  • Ethnic group
  • Sexual orientation

If you selected “yes” to any of the categories above, please explain how being a member of this group has impacted you and your work?

I'm an LGBT member and a Kurd in Turkey and I prefer not to disclaim it for the sake of the project.

How did you hear about this challenge?

  • Ashoka page or contact

Evaluation results

1 evaluation so far

1. Is this entry INNOVATIVE?

Yes, absolutely! - 0%

Yes/maybe - 100%

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No - 0%

2. Does this entry have SOCIAL IMPACT?

Yes, absolutely! - 0%

Yes/maybe - 100%

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No - 0%

3. Is this entry VIABLE financially and operationally?

Yes, absolutely! - 0%

Yes/maybe - 100%

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No - 0%


Yes, absolutely! - 0%

Yes/maybe - 100%

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5. FEEDBACK: Highlights

IMPACT POTENTIAL: You use specific numbers and evidence to describe what your project has achieved so far (or plan to achieve in the future) – and you have a concrete plan for future impact. You have specific tools for measuring impact. - 100%

QUALITY OF INNOVATION: You have a great understanding of the problem, have researched existing solutions, and have developed unique, thoughtful solutions - 0%

FINANCIAL AND OPERATIONAL SUSTAINABILITY: You have given a great deal of thought to not just the idea itself but how to make it work operationally and financially in the present and future; your plan is specific and you value sustainability. - 0%

CHANGEMAKING ACTIVATION: You have a good plan on how to activate changemakers and empower them to innovate through your product or programming - 0%

Other option - 0%

6. FEEDBACK: Areas for Improvement

IMPACT POTENTIAL: make sure to provide specific instances of your social impact (or how you plan to measure impact) – it may be helpful to describe the beneficiaries, the main activities/products, and provide evidence of (or plan for) impact evaluation - 0%

QUALITY OF INNOVATION: make sure to describe how your solution is unique and innovative – it is helpful to include the research you have done on past solutions and how your solution is different from (and/or builds upon) these. - 0%

FINANCIAL AND OPERATIONAL SUSTAINABILITY: make sure you have provided descriptive information about your financial sustainability plan. Where do the funds come from now and do you have a concrete plan for future sustainability? - 0%

CHANGEMAKING ACTIVATION: make sure you describe your plan for how to empower others to become changemakers through your programming, service, or product - 100%

WRITING STYLE. Try to be concise, descriptive, and specific. Avoid jargon. - 0%

Nothing stands out! I thought it was great. - 0%

Other option - 0%

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