Individual Development Accounts
Asset investment has been found to help individuals become self-sufficient and break out of cyclical poverty.
Select Adelante Mujeres participants receive asset building assistance through an Individual Development Account (IDA), a $3:$1 matched savings program allowing savers to receive up to $9000 in matching funds.
Participants can save for small business start-up or expansion, post-secondary education or job training. In addition to the matching funds available through the IDA, individuals receive financial literacy training and asset-specific education in order to improve their overall financial health and security.
Adelante Mujeres is able to offer these IDAs thanks to the Valley Individual Development Account (VIDA) program managed by CASA of Oregon.