Programs > Asset Building Programs > Saving Circle Program

Would you like to improve your financial situation?

Is there something you or your family need, but it seems like you'll NEVER be able to save enough money?

How does it work?

The Saving Circle Program helps low-income individuals and families to save for needed assets including furniture, medical expenses, a computer, education, a small business, or other household necessities. 

The program uses special matched savings accounts to match participants' savings 3:1 up to a specified limit. Participantsl have up to six months to save toward their asset goal.

For every $1.00 saved, SEED will match it with $3.00.

Reaching Your Goal

Am I eligible?
To qualify, you must...

• live in Winnipeg
• be at or below the program’s income cut-offs (see below)
• have a strong desire to improve your financial future
• not be a current or past IDA Program participant
• not be a past IDA Program participant
• not live with a current or past IDA Program participant
  

The Saving Circle Program is aimed at households who are living on very low incomes. Participants must have an income that is at or below the project cut-off according to the chart below:

*Based on 60% of Statistics Canada's Low Income Cut-Off (LICO)

How do I apply?
Call us at 927-9947 to register for an information session.

In partnership with...

• Alternative Financial Services Coalition (AFSC)
• Assiniboine Credit Union
• The Province of Manitoba
• The United Way of Winnipeg

back to Asset Building Programs