Promoting Financial Stability and Independence

In Romania, 7 million people are at risk of poverty and social exclusion. Youth from foster care centers, single mothers, people with disabilities or homeless people have no real chances to rise above financial difficulties and struggle with social exclusion, either due to low levels of education, or due to their financial illiteracy.

Our On the road to self-reliance program is a model of integrated approach that empowers people to get on stable financial ground with proven methods like job training, financial wellness classes and more. The result is thriving communities where everyone has more opportunity to succeed.

On the road of self–reliance was developed as a 2-year collaborative intervention plan aiming to provide access to real employment opportunities and transforme the beneficiaries from vulnerable individuals, dependent on social assistance, into active members of society, financially independent. Initially targeting a group of 500 underprivileged youth from Bucharest and Timisoara, the program exceeded any expectations. Program activities included specialized training, vocational and career-related counseling, skills development, financial education workshops. The aim was to prepare and help the beneficiaries to secure a job and earn a steady income while increasing their level of financial literacy, so that they can remain functional, responsible and thriving over a long period of time.

By the end of its first year, in 2016, through strategic partnerships with 10 major public and private stakeholders, and with the aid of volunteers providing specialized training,  On the road to self-reliance program helped 1,473 young people, adults and parents with difficulties to integrate both socially and professionally:

  • 336 were employed
  • 964 benefited from vocational counseling
  • 236 participated in different professional qualification courses
  • 344 homeless people improved their life conditions and were integrated into communities
  • 83 single mothers were provided with shelter or social assistance in order to overcome difficult situations
  • 100 young people with disabilities took their first step towards an independent life, learning to work in protected workshops

In 2017 another 1.500 beneficiaries received social and professional counseling, with 500 beneficiaries securing a steady job by the end of the program. Moreover, their evolution was closely monitored in the first three months of employment which ensured a smooth transition into their new professional life.