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Assets for Independence


Assets for Independence (AFI) enables community-based nonprofits and government agencies to implement and demonstrate an assets-based approach for giving low-income families a hand up out of poverty. AFI projects help participants save earned income in special-purpose, matched savings accounts called Individual Development Accounts (IDAs). The goal of Delta State University’s AFI IDA program is to provide financial education to low income students of the university using the Money Smart Curriculum by the FDIC.

Program Description

Assets for Independence (AFI) is a community-based approach for giving low-income families a hand up out of poverty. Utilizing existing individual and community assets, AFI strengthens communities from within through the use of matched savings accounts called Individual Development Accounts (IDAs). Through financial education, AFI helps low-income individuals move toward greater self-sufficiency. Individual monthly savings are matched by government funding and donations from foundations, corporations, and individuals.

The Delta State University IDA initiative matches funds at an 8:1 ratio (eight dollars for every dollar saved). Eligible participants will save $500 and earn $4000 in matched funds from the University. These IDA assets are specifically intended to reward the saving practices of eligible participants and invest in their post-secondary education at Delta State University.

The FDIC is committed to ensuring that consumers have access to basic banking and other financial services as well as to developing more and better data about unbanked and under banked households and factors that hinder them from fully utilizing the mainstream financial system. Money Smart is a comprehensive financial education curriculum designed to help low and moderate income individuals outside the financial mainstream enhance their financial skills and create positive banking relationships. The Money Smart modules are:

Bank on It, Keep It Safe, Borrowing Basics, Your Credit, Check It Out, Charge It Right, Money Matters, Loan To Own, Pay Yourself First, Your Own Home, and Financial Recovery

Contact Information

David Tanner, AFI Program Coordinator
Center for Community and Economic Development
DSU Box 3134
Cleveland, MS 38733
Phone: 662-846-4808
Fax: 662-846-4372
E-mail: dtanner@deltastate.edu


Delta State University Alumni Foundation
Assets for independence Act (AFIA)


Renasant Bank

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