Financial Literacy Initiative for Immigrants & Refugees

Women’s Initiative for Self Empowerment (WISE) as the lead agency partners with AAFACD and a consortium of community agencies serving in the Twin Cities to provide financial literacy through the Financial Literacy Intiative for Immigrants and Refugees (FLIIR) program.The goal of the FLIIR program is for immigrants and refugees to understand American financial institutions that help families to build wealth and to protect the wealth they acquire.

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AAFACD has partnered and implemented a number of community-based initiatives, including the Financial Literacy project, with WISE. The objectives are to provide financial education to immigrants and refugees on how to “Become Part of Wealth in America”, raise immigrants and refugees’ consciousness on how to easily navigate American’s financial institutions, and for immigrants and refugees to understand American financial institutions that help families to build wealth and to protect their wealth from becoming lost or stolen

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AAFACD as a member of WISE’s ten consortium agencies participated in “Train-the-Trainers” workshops with tools and knowledge to provide culturally appropriate training and manage the FLIR program in its respective ethnic communities.

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AAFACD 2009 accomplishments of the financial literacy include:

*Four workshops reaching 34 participants

*Sixteen participants forming a bi-weekly cooperative “money saving” and collecting group, taking turn to help support each member of the group financially

*Participants included whole families, males, females and students mainly of Africans from the West African countries of the Gambia, Sierra Leone, Liberia, Guinea, Senegal and Mali and other Africans from East Africa of the Oromo Community

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