Impower: Expert Financial Guidance for Immigrants, By Immigrants 2023
Impower is a non-profit platform providing immigrants (low-income and/or with limited English proficiency) with expert-designed financial plans to help them achieve their goals. These are delivered in an easy-to-follow, step-by-step format by a mentor within the user’s community.
Out of 45 million immigrants in the US, 53% are not fully proficient in English, and 23% are illegal or undocumented. These factors, combined with residing in lower-income neighborhoods and earning in cash, make it difficult to establish creditworthiness and generate wealth over time. This situation is worsened by the lack of access to big banks that face red tape in innovating to offer tailored services for immigrants (especially low-income and/or limited English proficiency).
Impower is a non-profit platform that provides this audience with expert-designed financial plans, delivered in an easy-to-follow, step-by-step format by a mentor within the user’s own community. Our purpose is to empower our users to meet their financial goals and develop financial dignity and independence. We also offer multi-lingual educational content, peer-reviewed services, and chat forums to support our mission. Impower could potentially help 11 million people in the US access financial guidance that is easy, accessible, trustworthy, and understandable.
Studio Instructor
Rhea Alexander
Designers
Nikita Deshpande
Anamika Gopi
Valentina Palacios