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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.
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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. Limited Education: 50% of adults lack a high school diploma. 70% lack post secondary education. Poverty: 50% of our households are low-income. 1 in 3 households make less than $25,000 a year Savings: 50% of our clients have no savings and no financial cushion for emergencies Social Capital: lack of personal & professional networks make it hard to meet life challenges & find work
Financial Education & Services Income & Housing Stabilization One-on-One Coaching & Peer Networks Skill Development Employment To integrate resources to address the community’s needs in one central and supportive location while nurturing social networks to provide the “glue” for each individual’s journey toward economic security
Claudia Cifuentes First came to CONNECT for financial coaching. Enrolled in financial workshops and enrolled in the family self-sufficiency savings program Increased her credit score by 50 points through budgeting for paying off debt Re-enrolled in Bunker Hill college and graduated with an Associates in Accounting Will transfer to UMass Boston to complete her Bachelor’s and is actively saving for her son’s education “The 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.”
Building CONNECT For Lasting Impact
MARISSA GUANANJA @mguananja • mguananja@tndinc.org Director, CONNECT @CONNECT_mass The Neighborhood Developers @TND_inc