Education for Life’s Financial Decisions
Ho‘oulu Waiwai aims to build economic stability for individuals and families by strengthening their personal finances and helping them achieve their financial goals through education and individual coaching. Research shows that increased economic stability for families positively affects children’s academic and long-term economic outcomes.
We provide culturally relevant financial workshops, personalized one-on-one coaching, and incentivized match savings accounts to help people build family assets. Since 2014, Ho‘oulu Waiwai has helped decrease the average debt per participant by $9,690, totaling $87,214 in overall debt reduction.
Hoʻoulu Waiwai in 2018
In 2017, Ho‘oulu Waiwai provided $21,340 in savings match funds to participants for IDA asset purchases that included tuition, books, and supplies for students pursuing a degree at various Institutions of higher education.
In 2018-2019, Ho‘oulu Waiwai plans to roll out a social enterprise model to expand financial capability services beyond the Wai‘anae coast.
Hoʻoulu Waiwai in Practice
Financial Growth Opportunities
Learning opportunities such as culturally relevant financial workshops, incentivized match savings accounts, and personalized one-on-one coaching, help to build family assets. Ho‘oulu Waiwai services include:
- Monthly community workshops on a variety of topics related to personal finance
- Confidential, one-hour sessions with financial coaches who help navigate through life’s financial decisions
- The Wai‘anae Financial Fitness Fair, an annual community event in April in celebration of National Financial Literacy Month
- Volunteer Income Tax Assistance
- Free Application for Federal Student Aid party
- Incentivized Match Savings Accounts for education and business start-up
- Financial Coaching: financial coaches are available to help navigate through life’s financial decisions. Sessions are confidential and are typically one hour.
- Volunteer Income Tax Assistance (VITA): Free tax preparation for eligible families. As a VITA site, INPEACE completed 50 tax returns, totaling $97,640 in federal tax return money for the community.
- Wai’anae Financial Fitness Fair: annual community event in celebration of National Financial Literacy Month in April bringing a variety of personal finance resources together to the Wai‘anae community.
Education Savings Account (ESA)
Our Education Savings Account Project is a Match Savings or Individual Development Account (IDA) Program for those who are pursuing a degree at an accredited university. Preference is given to those who are pursuing a degree in teaching. Savers save a minimum of $10 a month up to a total of $500 over the course of participation in our program. Upon completion of our program including required Financial Education Workshops and Financial Coaching Sessions, you can receive $4 for every $1 saved, up to a maximum of $2,000 matching funds to be used for qualifying higher education expenses, including tuition, fees, and books.
Business Capitalization Account Project
Our Business Capitalization Account Project, also known as a Match Savings or Individual Development Account (IDA) Program, is for those who are looking to start a small business. Participants can save a minimum of $10 a month up to a total of $500 over the course of their time in the program. Participants will receive $4 for every $1 saved, up to a maximum of $2,000 matching funds to be used towards their small business plans.
Ho‘oulu Waiwai also offers various financial capability workshop and coaching packages to meet the needs of your organization. Contact Saydee Pojas for more information at (808) 380-4224.
Your Donation Impacts the Community
In 2017, our Ho‘oulu Waiwai program helped 238 individuals work on their family financial goals through financial workshops, personal and confidential one-on-one coaching and incentivized individual development accounts. $5,335 were deposited into IDA savings accounts by participants which INPEACE matched with $21,340. INPEACE also helped reduce average participant debt by $9,690 helping build financial stability for families and giving their keiki better opportunities for future financial outcomes.
Donations like yours provide important resources and supplies for our financial coaches and workshop facilitators – allowing them to provide important materials for family financial stability.
- Your $25 donation will help an individual attend a workshop that sets them on the path to strengthen their families finances.
- A $50 donation provides a family with one-on-one coaching to set and accomplish financial goals.
Our Program Supporters
U.S. Department of Health and Human Services’ Administration for Children and Families’ Administration for Native Americans; U.S. Department of Health and Human Services’ Assets for Independence– Native Asset Building Initiative