Family Service Thames Valley and The Salvation Army Centre of Hope, Housing Stability Bank are pleased to announce a partnership with Prosper Canada and their Financial Empowerment Champions (FECs) program.
The FEC project aims to improve the financial well-being of Canadians living on low and modest incomes.
Through this project the following supports will be delivered to at least 50,000 Ontarians living on low incomes:
- 14,000 individuals living on low incomes will increase their financial knowledge, skills, and confidence;
- 7,000 individuals will meet with a financial coach and create a financial action plan;
6,000 children will be enrolled in RESPs and the Canada Learning Bond program;
- 20,000 individuals will file their taxes;
- 3,600 applications for government benefits will be submitted;
- 400 individuals that did not previously have a bank account will open one;
- 5,000 individuals will set-up direct deposit to their bank account to improve their financial management and reduce banking costs;
“The funding is an opportunity for FSTV and our community to work collaboratively to integrate financial knowledge, tools, coaching and mentoring across sectors, organizations and programs within the community. The goal is to empower individuals to achieve greater financial independence and stability, and for organizations to build their capacity to respond and to work more efficiently and productively together in order to increase collective impact in eliminating poverty.”