IFB partners with Prosper Canada on its MPower Money Coaching Program

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Independent Financial Brokers is proud to be part of a new initiative launched today by Prosper Canada. The MPower Money Coaching Program, developed by Prosper Canada, will be delivered in partnership with the City of Toronto’s Employment and Social Services department. The program aims to help low-income individuals to improve their financial literacy while setting, planning, and achieving their personal finance goals.

Participating low-income individuals will receive support from volunteer professional financial planners, who have been trained on providing coaching to low-income earners. Over the next year, the 50 volunteer advisors will work with 100 low-income participants to help them:

– Set financial goals and create a financial plan
– Form a personal/household budget
– Increase savings and reduce debt
– Improve their credit score
– Access assistance for filing their income taxes

“Independent Financial Brokers of Canada is proud to be associated with the MPower Money Coaching Program. IFB members play an important role in contributing to financial literacy as they are at the forefront of assisting in the education of clients when meeting with them in their homes and offices across Canada every day,” said Nancy Allan, Executive Director of Independent Financial Brokers of Canada.

“We are delighted to be part of an initiative that opens the door to a better financial future for all Canadians.”

To learn more about the MPower Money Coaching Program, click here.

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