Our financial capability program supports innovative, culturally relevant services that improve financial security for low-income Asian Americans, Native Hawaiians, and Pacific Islanders (AAs and NHPIs) and broaden opportunities for building wealth.
National CAPACD invests in growing the capacity of community-based organizations whose programs benefit AA and NHPI people to implement culturally and linguistically relevant financial education and services. We partner with organizations that provide financial coaching to help these communities better understand, manage, and grow their assets to build financial stability for their future.
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This work has been generously supported by The Wells Fargo Foundation.
In 2022, Philadelphia Chinatown Development Corporation (PCDC) empowered Ms. L to take steps towards financial stability through their Financial Wellness Program. A retired full-time street cleaner for PCDC, Ms. L relies on Social Security benefits, but with $849 of her $1,084 monthly income going toward rent, she returned to part-time work to make ends meet.
After learning about PCDC’s Financial Wellness program through a WeChat post, Ms. L reached out for support. A PCDC counselor reviewed her finances, helped her develop a budget, and worked with her to set a goal of saving $50 per month for emergencies. Over the next nine months, her financial coach provided consistent guidance, follow-ups, and reminders to keep her motivated and on track.
By the end of the program, Ms. L had made meaningful progress toward her goal. More importantly, she developed budgeting habits that have strengthened her financial awareness and confidence. Ms. L remains committed to steadily building her savings and continues working with PCDC’s program to achieve a more secure financial future.
