New app supports financial goals of immigrants in Canada
New app supports financial goals of immigrants in Canada
By Emmanuel Nwaneri
New Canadian Media
Winnipeg is set to be home to a modern spin on a centuries-old financial tool aimed at helping people — particularly in Black immigrant communities — achieve their financial dreams.
The tool, an app called AjoPro, is a community funding platform designed to create a localized financial system for immigrant communities in Canada. The app is based on a rotating savings and credit association (ROSCA) system that has been used worldwide for generations, formally and informally, to support community members’ financial goals.
Developed by immigrants for the benefit of fellow immigrants, AjoPro aims to create an “ecosystem that connects immigrants with a savings and contribution-laddering system.”
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