We are aiming to raise $20,000 to Secure New Mexico’s Future! Prosperity Works believes that Personal, Social, and Financial assets give New Mexicans the foundation to lift themselves out of poverty. Focusing on root causes of poverty, and family asset development, Prosperity Works creates wealth beyond temporary assistance – “Income gets you by, assets get you ahead.”
The dual-generation, collective impact strategy we use addresses many of the issues that limited income New Mexican, Latino, and immigrant populations we serve by advocating for policies and programs that remove the barriers to economic prosperity. Prosperity Works concentrates on the promise of a just society, seeking increased opportunity for those who are the least well off economically and socially.
Prosperity Works products have measurable and growing impact. 512 New Mexican children currently have child savings accounts (CSA’s) with a current value of $135,000. Our individual development account program (IDA) has produced over 600 new business, 319 new home purchases, and over 500 degrees from New Mexico universities. We provide financial education and coaching to support these opportunities with new understanding and skills. Our legal and legislative work has challenged predatory lenders who bankrupt New Mexicans, and spearheaded the development of alternative lending models.
Your direct support of Prosperity Works will enable us to expand our CSA’s, IDA’s, financial education and coaching. It will support the implementation of new financial products and services that provide alternatives to predatory loans, and opportunities to be banked and build credit. We believe that with collaboration comes innovation, and with this belief, all of our products are delivered through community based partners all over the New Mexico.
Why it matters?
Prosperity Works concentrates on the promise of a just society, seeking increased opportunity for those who are the least well off economically and socially. Our work is aimed at creating a more promising New Mexico for all New Mexicans. We hope to create new identities with our communities, that of a “saver” or “college identified”. Our products are easily measurable by the continued increase in numbers in our CSA’s and IDA’s, and the amount of money flowing directly into New Mexico’s economy.
How will the funds be used?
Your contributions will go toward expand both out IDA and CSA programs, as well as broadening the base for our financial capability education, and powering our very important policy and legislative work. If we do not reach our goal, all of the proceeds will, STILL, directly impact all of our work-nothing is lost!
We are working on our perks… Stay tuned!
We would love your help volunteering! Please let us know how you can help!