Moving from Debt to Assets
In 2005 GBIO launched Moving from Debt to Assets, a powerful financial education program that has helped more than 800 families to build strong financial futures. More Details Here.
Accomplishments of Moving from Debt to Assets
- Since October 2005, 875 participants (97% low-income), representing 40 institutions, have graduated from 43 classes. The institutions are located in Dorchester, Roxbury, South Boston, Mattapan, Jamaica Plain, Hyde Park, Boston, Cambridge, Somerville, Brookline, Newton, and Everett.
- 90% of the graduates have been People of Color; 70% have been members of immigrant ethnic groups.
- More than half of the groups have been conducted in languages other than English: Haitian Creole, Spanish, Cape Verdean Creole, Brazilian Portuguese, and Somali.
- It is one of only two programs in the entire United States delivering financial education to adults in the Haitian communities in Haitian Creole on a regular basis.
- 124 peer leaders of the support groups have been trained in group facilitation skills.
- Moving from Debt to Assets has been designated a Pioneer of Collaborative Outcomes Assessment by the Massachusetts Financial Education Collaborative in 2012