CALGARY, ALBERTA (March 3, 2014) – Two Enactus student teams from Simon Fraser University and Okanagan College have been named 2014 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.
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 two years, this challenge has engaged 1,316 students across the country, resulting in the delivery of 236 financial education outreach projects and directly impacting 17,206 community participants.
Teams at Simon Fraser University and Okanagan College have enabled progress through the following community empowerment projects:
The Enactus team at Simon Fraser University helped 39 single moms reduce their monthly expenditures by an average $85, better feed their families, and pay for extracurricular activities for their children through a budgeting and meal planning program called Hunger Actions.
Enactus Okanagan College empowered seven single mothers in the Okanagan to start their own businesses and contribute $5700 to their RRSPs through a 12-week financial education program called MOMentum.
“We’re sponsoring this event because we see education as the primary driver to empowering Canadians to make wise financial choices,” said Dion Yungblut, VP, Customer Operations, Capital One Canada. “It’s truly been inspiring to see how these students are positively impacting the communities in which they live by sharing their financial know-how.”
Student teams demonstrated the impact of their financial education-focused projects to panels of industry professionals on February 28 in Calgary as part of the Enactus Canada Regional Exposition – Western 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 April 28-30 at the 2014 Enactus Canada National Exposition in Calgary, Alberta
ABOUT ENACTUS CANADA: Enactus Canada is a community of student, academic and business leaders enabling progress through entrepreneurial action. Guided by academic advisors and business experts, more than 2,400 student leaders create and implement 350 community empowerment projects and business ventures every 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 has offered Canadian consumers a range of competitive MasterCard credit cards since 1996, and now includes the Aspire suite of rewards cards which are regularly cited by leading rewards experts for the great value they offer consumers. 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.
Director of Communications, Enactus Canada