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Adopter Details Momentum

Momentum is a change-making organization in Calgary, Alberta, that connects people living on low incomes to economic opportunities. We act as a bridge in the community by taking an economic approach to poverty reduction and adding a social perspective to economic development initiatives. Momentum uses a Community Economic Development approach to reduce poverty and ensure our local economy includes opportunities for all Calgarians.

Organization type

  • Community / consumer groups / non-profits

Website

Country

  • Canada

Related priorities

This adopter has contributed to the following priorities and target outcomes of the National Financial Literacy Strategy: 

Priority 2

Build and provide for diverse needs

  • Target outcome 2.1
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Use the Opens in new tabMeasures Library to search for Strategy-Aligned Measures (SAMs) that help stakeholders in the financial ecosystem track progress toward achieving the National Strategy’s target outcomes.
Related initiatives
Initiative

Savings Circles

Savings Circles is an Individual Development Account (IDA) program that works with people in Calgary and surrounding area and Indigenous people within Treaty 7 Territory who are living on lower incomes and striving for more stability. For six months, participants commit to saving between $5 and $50 each month, engage in a minimum of two individual meetings with the facilitator, and attend seven money management workshops. Monthly during the program, a participant’s savings are matched 3:1. This allows them to save up to $1,200 to purchase a productive and meaningful asset that will make a difference in the quality of their life.
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