By the Numbers
The goal of one on one coaching is to build households’ capacities to achieve their financial goals.
CCL utilizes key indicators to measure increased financial capability and stability, including increases in net worth, net income and credit score.
CCL also utilizes other indicators to enhance the full picture of the successes participants achieve while working with staff: These indicators may include the number of households served that set and achieve goals, increase their knowledge & skills, get banked, implement a savings plan, access a credit or asset building tool like a Twin Account or Lending Circle or a secured credit card through a financial coach.
In 2019
In 2019
Of the clients who came to CCL for employment services and engaged, 75% were placed in employment with an average wage of $13.42 an hour.
79 community members attended CCL’s Early Childhood Education Two-Generation Financial coaching workshops.
An average client’s credit increase was by 53 points. In total, 262 clients increased their financial position during the year by meeting one or more of the following goals: gained access to a formal financial institution, had a credit score increase, a net worth increase, and/or an income increase.
45% of clients who engaged in long-term financial and employment coaching experienced an increase in their net income and, on average, the monthly net income increase was by $390 and the average net worth increase was by $1304.47.