Financial literacy is a crucial step toward economic empowerment. As part of EDA’s six-module training program, our latest session focused on credit and debt management—a topic essential for personal and business financial success.

Building Community & Engagement

We started by addressing logistical hurdles to ensure a smooth experience for all participants. Real-time communication via Google Chat played a key role in fostering networking and collaboration, allowing attendees to share business details and connect with like-minded professionals.

EDA remains committed to economic inclusion and capacity development, ensuring that everyone, regardless of background, has access to financial knowledge and resources.

Training Focus: Mastering Credit & Debt

This session built on previous modules covering budgeting and savings, diving deeper into managing credit and debt effectively. Participants introduced themselves, creating a space for experience-sharing and peer learning.

Our community development consultant, Stearns Bank, provided expert insights, covering:

• The importance of credit scores and how they impact financial opportunities
• Strategies for building and maintaining good credit
• Responsible credit card usage to avoid debt pitfalls
• Consumer protection and fraud prevention, especially for immigrants navigating the financial system
• Digital identity security and safeguarding personal information

The session sparked engaging discussions, with participants asking insightful questions about credit systems, fraud prevention, and financial best practices. Stearns Bank addressed these concerns, reinforcing their commitment to customer support and financial education.

EDA Training Academy: What’s Next?

We wrapped up by introducing the EDA Training Academy, an online platform providing valuable resources, including a step-by-step video tutorial on accessing training materials.

Looking ahead, we’re excited to announce an upcoming in-person session on investment basics, designed to help participants grow their financial knowledge even further. We also encouraged attendees to share feedback through a survey, ensuring our future training sessions continue to meet their needs. You can join our next session on Facebook here: Equitable Development Action

Empowering Communities Through Financial Education

EDA remains dedicated to supporting underserved communities through financial literacy, business support, and mentorship. Our goal is to equip individuals and businesses with the tools they need to thrive in today’s economy.

Get Involved

Thank you to everyone who participated! Stay connected with EDA to explore more training opportunities and resources.

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