Compte individuel de développement (CID)
IINE’s IDA Program is a matched savings program that helps participants identify financial goals, develop healthy savings habits, and invest in their future. This service is offered at our Manchester, NH location.
Comment ça marche
Compte d'épargne IDA
IDA participants work to save their money in a special IDA Savings Account at our partner financial institution to be used toward the purchase of a car.
IINE fait fructifier les économies
IINE matches participants’ savings at a 1:1 rate (IINE matches each dollar saved by the client with a dollar), up to $2,000 for an individual participant and up to $4,000 for a household participant.
Éducation financière
Tout en s'efforçant d'économiser de l'argent, les participants à l'IDA suivent le cours d'éducation financière de l'IINE ainsi qu'une formation spécifique aux actifs.
Objectifs d'épargne
After achieving their savings goals and completing the required classes, IDA participants use the combined savings (participants’ savings plus IINE’s matching funds) toward the purchase of a car.
Les fonds de contrepartie IDA de l'IINE ne constituent pas un prêt et ne doivent pas être remboursés. Ces fonds de contrepartie ne peuvent pas être utilisés pour rembourser des prêts ou des dettes existants.
If an individual participant saves $2,000 in his/her IDA Savings Account, they would have their own $2,000 plus a matching $2,000 from IINE’s IDA Program, or $4,000 in total, to put towards the purchase of a car.
If a household participant saves $4,000 in his/her IDA Savings Account, they would have their own $4,000 plus a matching $4,000 from IINE’s IDA Program, or $8,000 in total, to put towards the purchase of a car.