IDENTIFYING SAVINGS AND CREDIT-BUILDING PRODUCTS TO ACHIEVE FINANCIAL STABILITY

Local Initiatives Support Corporation (LISC) is a national nonprofit organization dedicated to community development that works to bridge the gap between government, foundations, and for-profit companies, and community residents and local institutions. LISC engaged a Capstone team to assist with its financial stability and economic development initiatives that provide low- and moderate-income populations with essential tools and skills for job seeking and money management. The team initiated this process with a market scan to identify existing financial products that target these populations. The team developed a comprehensive product guide—to be used throughout LISC’s network of financial and career coaching service centers—that lists optimal savings and credit-building products as a roadmap to financial well-being for low- and moderate-income individuals.