Saving Circle is offered at partner sites found in the “How do I apply” section.
How does it work?
Participants receive $3 for every $1 they save. $250 saved within a period of 6 months qualifies for $750 of matching funds for a total of $1000 that is used to purchase an asset.
Participants can use their savings for the following goals:
- Education or Training Courses
- Registered Education Savings Plans
- Ability Supports
Am I eligible?
To qualify, applicants must…
- live in Winnipeg
- meet the program low income cut-offs (see below)
- have a strong desire to improve their financial future
- be willing and able to attend workshops
Applicants are not eligible if they, or someone in their household, has previously received matching funds from any Asset Building Program in Manitoba.
How do I apply?
Please contact one of SEED’s partner sites directly to apply for Saving Circle:
Immigrant and Refugee Communities of Winnipeg (IRCOM) 204-943-8765
The Link 204-949-6500
NorWest Co-op Community Health 204-782-8793
Manitoba Possible 204-975-3103
Urban Circle 204-589-4433
Villa Rosa 204-786-5741
Ma Mawi 204-925-0340
For a list of partner organizations, please see here: Saving Circle Brochure
Low Income Qualification Chart
|Household Size||Maximum Gross Household Income|
|7 or more persons||$54,611|
SEED Winnipeg looks at household income to help determine eligibility for our programs. We use Statistics Canada’s Low-Income Cut-Off (LICO) as a guide (we use 75% of LICO). Other factors besides LICO are also considered.