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Programs
> Asset Building Programs
One of
the reasons people on low incomes face difficulties trying to get
ahead financially is that they lack assets which can be leveraged
to increase one’s income. Asset Building Programs were
developed to address this problem.
SEED Winnipeg's Asset Building Programs assist low-income participants
to save for productive assets or household necessities. To help
participants meet their savings goals, our programs include money
management training classes, matched savings credits that are added
to the funds that participants save on their own, opportunities
for peer support from fellow participants, and one-to-one support
from SEED staff.
SEED Winnipeg
currently offers three Asset Building Programs:
- The
Individual Development Account (IDA) Program provides support
for low-income individuals and families to save toward buying
or renovating a home, toward their education, children's education,
or spouse's education, toward starting or expanding a small business,
or toward disability supports. Participants in the IDA Program
open special matched savings accounts and their savings are matched
3:1 by SEED Winnipeg up to a specified limit. Participants
have up to two years to save toward their asset goals. Click
here for further information about the IDA Program.
- 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. Participants in the Saving
Circle Program open special matched savings accounts and their
savings are matched 3:1 by SEED Winnipeg up to a specified limit.
Participants have up to six months to save toward their
asset goals. Click here
for further information about the Saving Circle Program.
- My
Child's Future offers supports to help parents save for their
children’s post secondary education through reducing the
barriers that prevent many individuals from accessing the Canada
Education Savings Grant and the Canada Learning Bond. Click
here for further information about My Child's Future.
Click on
the links below for more information about SEED's other programs:
or call
927-9935.
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