Enactus teams at Memorial University of Newfoundland and Nova Scotia Community College teach money management skills to improve economic opportunities for their communities.
HALIFAX, NOVA SCOTIA (March 2, 2015) – Two Enactus teams have been named 2015 Capital One Financial Education Challenge Regional Champions by this country’s largest student leadership development organization, Enactus Canada, and proud program supporter, Capital One Canada.
Teams at Memorial University of Newfoundland and Nova Scotia Community College – Waterfront Campus are driving positive change through the following community empowerment projects:
Enactus Memorial received the championship title for creating Project Bottlepreneur, an entrepreneurial recycling service, which works one-on-one with entrepreneurs in the recycling pick-up program. Route optimization increased the Bottlepreneurs’ collective revenues to over $89,000 and financial education workshops taught them how to sustain and budget their earnings. This enhanced the economic opportunities of nine Bottlepreneurs.
Enactus NSCC was also crowned a champion for Project B.U.D.G.E.T. (Bringing Uganda Dynamic Growth and Entrepreneurial Training), which will be empowering entrepreneurs this summer in a small village in Uganda. Enactus NSCC-Waterfront Campus will provide 46 Ugandan entrepreneurs with the necessary budgeting skills to help them grow their businesses and improve loan repayment.
“Through this challenge, the Enactus students are having real impacts on the people they touch by empowering them to make informed financial choices,” said Dion Yungblut, Vice President, Operations, Capital One Canada. “At Capital One, we seek to support programs that are driving tangible change in the community and this challenge has proven itself to be a great fit.”
The Capital One Financial Education Challenge is a national competition empowering post-secondary students to develop and deliver projects that teach relevant financial skills. In the last three years, this challenge has engaged 2,955 students across the country, resulting in the delivery of 367 financial education outreach projects and directly impacting 40,784 community participants.
Student teams demonstrated the impact of their financial education projects to panels of business executives on February 27 in Halifax as part of the Enactus Canada Regional Exposition – Atlantic Canada. The winning Enactus teams stood out to the judges because of their dedication to empowering people in need within their community.
“Through these projects, our student teams are transforming lives and building a more sustainable country,” said Nicole Almond, Enactus Canada president. “We are incredibly proud of our student leaders and their work to empower people across Canada through financial literacy education.”
These teams will now move on to the national level of competition taking place May 11-13 at the 2015 Enactus Canada National Exposition in Toronto, Ontario.
ABOUT ENACTUS CANADA: Enactus Canada, this country’s largest student leadership development organization, is shaping generations of entrepreneurial leaders who are passionate about advancing the economic, social and environmental health of Canada. Guided by academic advisors and business experts, more than 2,400 entrepreneurial postsecondary students led 250 community empowerment projects and business ventures this past year in communities coast to coast. As a global network of 36 countries, Enactus uses the power of entrepreneurial action to transform lives and shape a better, more sustainable world. For more information, visit enactus.ca.
ABOUT CAPITAL ONE: With offices in Toronto and Montreal, Capital One Canada has been offering Canadian consumers a range of competitive MasterCard credit cards since 1996. We challenge ourselves to see the world through the eyes of our customers, so we can deliver the market leading credit products and exceptional service they’re looking for. Capital One Canada is a division of Capital One Bank, a subsidiary of Capital One Financial Corporation of McLean, Virginia (NYSE: COF). Capital One is committed to investing in youth in our communities through program investment and the skills and dedication of our talented associates.
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