We will host 12 training sessions this year, along with at least 3 cohorts (assuming community, and county cooperation)
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How our Programs Pay for themselves.
SROI, or Social Return on Investment, is a framework which seeks to analyze the total value of a social purpose enterprise — an enterprise which pursues both the business goal of generating profits and the social mission goal of its parent organization.
The SROI framework considers the value created by the social purpose enterprise in its pursuit of each of these two goals, then combines these values to arrive at a complete understanding of the social purpose enterprise’s entire impact on society.
It then compares the value created for society to the value invested by society, from both private and public sources, arriving at a Social Return on Investment.
CityLab measures return on investment from three distinct perspectives.
1. First, it examines the financial value created (or cash generated) by the social purpose enterprise.
2. This model also examines social savings resulting from the increased tax revenues and the reduction in the use of public assistance programs by target employees.
3. These savings are compared to the total investment in the social purpose enterprise to determine the return on investment.
Our students do not have the financial knowledge to obtain low-cost banking and payment tools, including prepaid debit cards; which disable Human Resource Hiring Managers regardless of training when the student applies for a position.
This issue also manifests itself early in the ability to secure housing, a critical component to job attainment during background checks.
The 2018 enrollment and design implementation will include financial service programs that promote e-money management skills, building assets, and responsible loans– while reducing families’ reliance on payday lenders, check-cashers, loan sharks, debt peddlers, and high-cost money transmitters.
Leveraging the collective consumer power of the communities we serve, we are able to negotiate with financial service providers to develop cost-effective banking and payment tools, and real estate providers to help stabilize the student’s domicile needs.
We are working to offer a low cost flexible low yield certificate distributed through community- based organizations, social service agencies, and unions.
The certificate functions as a down payment for a savings account, purchase and money transfer card, a money management tool and can be easily linked to an interest-bearing savings account. While also creating an alternative Credit File.
As the student moves through the 18-36-month OJT Experience, qualified counselors are preparing the student through a series of progressive steps, i.e.at 24-month period, student’s credit health should be at a point to qualify for either lease-purchase or first time home purchase benefits.