FCAC, the Seven Generations Education Institute and the Martin Family Initiative announce financial literacy pilot project

OTTAWA, Oct. 1, 2018 /CNW/ - The Financial Consumer Agency of Canada (FCAC), the Seven Generations Education Institute (SGEI) and the Martin Family Initiative (MFI) today announced they have partnered to develop a financial literacy pilot project to be delivered at SGEI's facilities in Kenora, Ontario early in 2019.

For the pilot project, the partners collaborated with ABC Life Literacy Canada to adapt FCAC's Your Financial Toolkit program. This program provides information and tools to help adults manage their personal finances and gain the confidence they need to make better financial decisions.

The pilot will include approximately 20 hours of in-class programming on topics such as budgeting, banking, credit and debt management and will be delivered by SGEI's instructors. MFI will assist with training the instructors who will pilot the material with students registered in SGEI's Workplace Literacy and Essential Skills Program.

This partnership between MFI, SGEI and FCAC and the pilot project arose from their work as members of FCAC's Financial Literacy Working Group for Indigenous Peoples. The working group has a mandate to share information, collaborate on developing new programs and initiatives, and identify research priorities. Indigenous Peoples have indicated that financial education is a priority for them and complements other training programs in their communities. Research has shown that financial education programs must be community driven, created for and with Indigenous Peoples, who must be involved in their design, delivery and measurement.

Following the pilot, FCAC, SGEI and MFI will evaluate feedback from students and instructors. The partners will apply lessons learned to improve the program in preparation for offering it to other Indigenous communities and educational organizations.

Quotes

"We're excited about this partnership with MFI and FCAC and the development of this pilot. It aligns with our vision for SGEI as we move our programs forward, especially with our new education and training facility in Fort Frances."

Brent Tookenay    
Chief Executive Officer, Seven Generations Education Institute

"The purpose of the partnership between, the Financial Consumer Agency of Canada, Seven Generations Education Institute and the Martin Family Initiative is to ensure that Indigenous Peoples have a better financial background enabling them to be more fully involved in the Canadian economy."

The Right Honourable Paul Martin 
Founder, Martin Family Initiative

"ABC Life Literacy Canada is proud to support this financial literacy pilot with SGEI, MFI and FCAC. Collaboration is the backbone of our continued work with Indigenous Peoples in financial literacy and lifelong learning, and we are truly honoured to be part of such an important program."

Mack Rogers
Executive Director, ABC Life Literacy Canada

"I am proud to collaborate with SGEI, MFI and ABC Life Literacy Canada. It is essential that we work together towards greater financial literacy. I believe this initiative will contribute to the financial well-being of those who participate in the program, and their communities."

Jane Rooney 
Canada's Financial Literacy Leader, Financial Consumer Agency of Canada

Associated links

Seven Generations Education Institute (SGEI) 
Martin Family Initiative (MFI)  
ABC Life Literacy Canada   
Financial Consumer Agency of Canada   
Your Financial Toolkit   
Financial Literacy Working Group for Indigenous Peoples

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SOURCE Financial Consumer Agency of Canada