Learning to build and sustain good credit is a crucial step towards achieving financial independence and security.
Miami, FL (PRWEB) October 14, 2008
ACCION USA, a pioneer and leader in domestic microfinance, in partnership with the Bilingual Parent Outreach Program, a Division of the Miami-Dade County Public Schools, today announced a partnership to disseminate the "Build Your Credit" seminar curriculum -- designed to educate immigrants in the Miami metro area about the importance of building credit in the United States, and practical tips and tools to start doing so. Credit building tips will pertain to personal as well as business credit.
Without a credit history, immigrants face a multitude of challenges with everyday transactions and often fall victim to predatory lending practices. A 2007 research study conducted by Encuesta, Inc and ACCION USA confirmed a deficiency in financial literacy among immigrants, especially with respect to personal credit. In this nationwide study, only 37% of foreign-born Hispanics reported to have reviewed their credit report and 27% reported to know their credit score.
To address this issue, ACCION USA will hold credit education seminars through its partnership with the Bilingual Parent Outreach Program during the month of October. Seminars will be conducted in Spanish and Creole, and should reach close to 5,000 participants.
"We are excited to partner with the Bilingual Outreach Program to educate immigrants and their families about the responsible use of credit," said Gina Harman, CEO of ACCION USA. "Learning to build and sustain good credit is a crucial step towards achieving financial independence and security."
About ACCION USA
ACCION USA is a private, nonprofit organization that serves low- and moderate-income individuals, primarily minorities and women, who are unable to access mainstream financial services. A pioneer and recognized leader in the domestic microfinance field, ACCION USA is dedicated to providing microentrepreneurs and individuals on the economic margin with the crucial chance to access capital and develop greater financial literacy. ACCION USA is a member of the U.S. ACCION Network, the largest U.S. microlending network, with over $210 million lent since inception in 1991. ACCION USA loans range from $500-$25,000 and are offered nationwide via the ACCION USA online lending platform. For more information, visit http://www.accionusa.org or http://www.yourmoney.accion.org.
About the Bilingual Parent Outreach Program
The Division of Bilingual Education and World Languages, through the Bilingual Parent Outreach Program (BPOP), provides a series of monthly informational parent workshops on various topics. These parent seminars are provided to English Language Learners (ELLs) and immigrant parents and families in an effort to educate and equip them to be better prepared, more active participants in their children's education. Additionally these workshops, which promote parental involvement and family literacy, are provided in Spanish and Haitian Creole. For more information, visit http://www.bilingual.dadeschools.net.
(305) 548-3360 Ext. 1828