Financial Coaching for People on Low Incomes
Prosper Canada has received a generous grant from Capital One to launch an innovative, financial coaching pilot project. The funding will allow us to develop and test different approaches to integrating financial coaching into existing social services, using trained community organization staff.
Over the next two years, Prosper Canada will partner with three community-based organizations to provide one-on-one coaching to a total of 380 clients living on low incomes. Clients will receive the support they need to make informed decisions that will help them reach their personal finance goals and adopt financial behaviours that promote long-term financial security.
This project will also support the development of financial coaching training, tools and resources that can be shared with other community organizations interested in providing financial coaching services to Canadians living in poverty.