Claudia Cifuentes

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    06-Jan-2016
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Claudia Cifuentes. Unemployment: 16% unemployment in the communities we serve. Banking : 50% of households have no bank accounts. Language Barrier : 40% speak little or no English, limiting employment opportunities. - PowerPoint PPT Presentation

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1Claudia Cifuentes

Adaliz2Language Barrier: 40% speak little or no English, limiting employment opportunities. Limited Education: 50% of adults lack a high school diploma. 70% lack post secondary education. Our Families Face Complex ChallengesUnemployment: 16% unemployment in the communities we serve Banking: 50% of households have no bank accountsPoverty: 50% of our households are low-income. 1 in 3 households make less than $25,000 a yearSavings: 50% of our clients have no savings and no financial cushion for emergenciesSocial Capital: lack of personal & professional networks make it hard to meet life challenges & find work3

4The Mission of CONNECTFinancial Education & ServicesEmploymentSkillDevelopmentIncome & Housing StabilizationOne-on-OneCoaching& Peer NetworksTo integrate resources to address the communitys needs in one central and supportive location while nurturing social networks to provide the glue for each individuals journey toward economic security5

6INSERT CONNECT THEORY OF CHANGE

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Claudia CifuentesFirst came to CONNECT for financial coaching. Enrolled in financial workshops and enrolled in the family self-sufficiency savings program Re-enrolled in Bunker Hill college and graduated with an Associates in AccountingThe biggest lesson that I have learned is to never give up. That no matter how hard things may seem, there is always a way forward.Adaliz

Increased her credit score by 50 points through budgeting for paying off debtWill transfer to UMass Boston to complete her Bachelors and is actively saving for her sons education 9Building CONNECTFor Lasting Impact

10BUILD OFF WHAT WE KNOW IS WORKING:

Clients that access multiples services are more likely to achieve positive change in key financial outcomes

Success is: An increased number of CONNECT clients are bundling services

# of services accessed by participants% with a key outcome112.9%236.5%370.4%% with net income going up% with net worth going up% with FICO credit score going up10.8%9.4%5.8%36.5%24.1%6.6%51.9%25.9%18.5%11BUILD OFF WHAT WE KNOW IS WORKING:

Peer Support programming multiplies impact!

Success is: Expand opportunities to access peer support programming

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13MARISSA GUANANJA @mguananja mguananja@tndinc.org

Director, CONNECT @CONNECT_mass

The Neighborhood Developers @TND_inc