As a leading pioneer in delivering financial
literacy education in Canada since 2003; the Edmonton
Financial Literacy Society (EFLS) is a registered
non-profit charitable organization that has to date, delivered
impartial financial literacy education to over 1,600
people, predominantly focusing on low income clients, including
Aboriginals, Recent Immigrants, Youth, and other low income segments
via partnerships with over 50 different organizations.
EFLS is the only non-profit organization in Edmonton specializing in
financial literacy & was among the first organizations in Canada to
deliver financial literacy education with a matched savings component.
Furthermore, EFLS dedicates 100% of its resources to financial
literacy and its success is largely the result of it having
developed and utilizing its own unique learning materials and approach
to education.
Unlike other money management approaches, EFLS utilizes a comprehensive
holistic approach as its financial literacy
courses don't just teach budgeting skills and tracking one's expenses;
the curriculums look in depth at the human emotions that drive spending
and money management and help people to have a healthier relationship
with their personal finances. Furthermore, EFLS' courses emphasize the
use of interactive learning materials to ensure greater knowledge
retention.
EFLS recognizes that simply possessing knowledge does not
necessarily induce a positive change in a person. A common example
is the fact that most of us are aware that maintaining a healthy
weight, eating properly and exercising regularly leads to a longer
life. However, despite this medically proven fact, many of us don't
follow this doctrine or perhaps stray from it more often than we should.
To address this issue, EFLS accesses and utilizes resources from the
field of Behavioral Economics in its
programming. EFLS strives to ensure that individuals who receive its
programming not only enhance their level of financial knowledge but
will also apply that new found knowledge in their
daily lives on a long term basis. EFLS courses are designed
not just to educate, but to positively change behaviors
and thus increases the success of each project it manages.
EFLS received the 2007 Silver Laurel Award for its Aboriginal Financial Literacy project.
Our History
In 1994, a group of individuals held a meeting to explore options regarding the creation of a Community Loan Fund in Edmonton.
Through the dedication and investment of this working group, the Edmonton Community Loan Fund Society was created to assist those that needed financing to start up a micro business, but were unable to secure conventional funding.
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