Lambton College wins the 2015 Capital One Financial Education Challenge for empowering vulnerable women.
TORONTO, ONTARIO (May 12, 2015) – Lambton College has been named the 2015 Capital One® Financial Education Challenge National Champion by this country’s largest student leadership development organization, Enactus Canada, and proud supporter Capital One Canada. In the past year, 8,000 Canadians have benefited from the financial education programs created by the post-secondary students participating in this national competition.
The Enactus team from Lambton College embodied the values of financial education to win this challenge by strengthening the financial situation of 70 vulnerable women.
“This challenge is about encouraging the next generation of leaders to think boldly about how to tackle an issue that affects many Canadians,” said Ian Hanning, Chief Financial Officer, Capital One Canada. “Lambton College rose to the challenge with a very innovative program that improved the quality of life of the participants. We want to continue fostering this kind of creativity in order to help Canadians make smart financial choices.”
Enactus Lambton College’s project Strength In Numbers taught 70 women how to manage their money and increased their awareness of where their money was being spent, resulting in $84,600 in debt reduction and $28,200 in savings. In addition, 49 of these women have secured employment or been empowered to return to school.
“Financial education is vital for strengthening communities across the country and Enactus Lambton College is making these skills available to vulnerable women,” said Nicole Almond, Enactus Canada president. “The results of their engaging and effective project are undeniable and have positively impacted women through financial literacy skill development.”
The 2015 Enactus Canada National Exposition welcomed more than 1,200 delegates including the country’s brightest university and college students, academic professionals and top Canadian CEOs supporting entrepreneurial action through competition, recognition and education. The national competition took place at the 2015 Enactus Canada National Exposition in Toronto.
For news throughout the year and competition results during the event, please visit @Enactus_Canada on Twitter.
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.