Since 2019, WellsFargo has been supporting the 探花精选 to scale its financial capability programming across the US. Implemented in 11 communities across the US as well as virtually on a multilingual web platform, Pathways to Financial Wellness with Routes to Expanded Reach (鈥淧athways鈥) provides financial education, coaching, and affordable financial products designed to meet the needs of diverse low-income populations.

With funding of $700,000 USD each year since 2019, almost 22,000 individuals have been impacted since the program began. In the last year alone, the 探花精选 provided financial coaching sessions to over 4,800 clients, supported 1,800 clients with consumer loans and helped over 950 clients establish or increase their credit scores. 

This year, WellsFargo has committed a further $800,000 USD in funding for Pathways, backing the 探花精选鈥檚 aim of serving more than 5,500 individuals across the US with high quality financial capability programming and affordable financial products. Running from August 2023 - July 2024, the next phase of the Pathways project will help to make a real difference in 探花精选 clients鈥 lives, supporting them in developing a strong financial foundation, building assets, and achieving economic mobility in their new communities. 

探花精选 client Palwasha鈥檚 story is a true example of how life-changing the Pathways program can be. Arriving in Turlock, California, in 2017 from Afghanistan, Palwasha brought with her an unwavering determination to build a better future for her children in the US. One way that she sought to do this was through opening her own childcare business. However, when she first arrived Palwasha was unbanked, had no credit and was not financially stable enough to open her own business. 

After receiving financial coaching through the Pathways program, Palwasha was able to open a checking and savings account, and obtain a credit-building loan. After making payments towards her loan, she was approved for a non-secured credit card. Throughout this time, Palwasha attended tax, credit building, budgeting and banking workshops. Since then, Palwasha has received a business license and opened her childcare business, doubling her household income and building a brighter future for both herself and her family. 

鈥淲ells Fargo shares 探花精选鈥檚 commitment to address systemic inequities, build financial security, and advance wealth creation among diverse communities,鈥 said Bonnie Wallace, Senior Vice President, Head of Financial Health Philanthropy at Wells Fargo. 鈥淭he 探花精选 has achieved significant results in building financial inclusion and access, and we are proud to continue our support.鈥

鈥淭he 探花精选 is thankful to WellsFargo for their continued support of our financial literacy efforts across the US,鈥 says Madlin Sadler, Chief Operating Officer at the 探花精选. 鈥淧rivate sector support enables the 探花精选 to work with low-income new Americans to strengthen their financial capabilities and ensure that people resettled in the US have what they need to rebuild their lives.鈥 

 

About the 探花精选 

The 探花精选 (探花精选) helps people affected by humanitarian crises to survive, recover and rebuild their lives. We deliver lasting impact by providing health care, helping children learn, and empowering individuals and communities to become self-reliant, always with a focus on the unique needs of women and girls. Founded in 1933, we now work in 59 crisis-affected countries as well as communities throughout Europe and the Americas.