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Chrysler Financial and ASPIRA Launch Bilingual Financial Education Program for Latino Youth

Submitted by: Daimler Financial Services

Categories: Human Resources & Diversity, Finance

Posted: Apr 23, 2007 – 12:30 PM EST


The ABCs of Financing Sessions will Provide Access to Financial Education Materials and Bridge Unbanked Gap

Apr. 23 /CSRwire/ - Washington, D.C., -- Chrysler Financial, one of the country’s largest vehicle financing providers and the ASPIRA Association, the only national non-profit organization devoted solely to the education and leadership development of Latino youth in the country, are partnering to provide a financial education and vehicle financing education program catered to young Latinos.

Ronald Blackburn-Moreno, ASPIRA Association President & CEO in Washington, D.C. indicated, “The ABCs of Financing program will build and expand the financial education and entrepreneurship development resources ASPIRA offers to our community through our Community Wealth Development Initiative.”

The objectives for the Chrysler Financial-ASPIRA proposed financial education and vehicle financing education program are:

  • Increase awareness and understanding of Hispanic youth and their families regarding the importance of good credit and saving;
  • Disseminate information, resources and effective strategies for managing credit;
  • Provide online information on credit, budgeting, how-to apply for vehicle loans and vehicle leasing;
  • Disseminate information, resources and effective strategies designed to increase the number of youth pursuing post-secondary education in finance;
  • Provide online information regarding opportunities for Latino professionals in finance.
“We are pleased to partner with an organization like ASPIRA who supports the Latino community and prepares young adults for a more prosperous financial future,” said William F. Jones Jr., Vice President -- Chrysler Financial. “This effort will help young people develop their financial skill set to start building a portfolio of financial knowledge and empowerment that will help them realize their dreams.”

The curriculum for The ABCs of Financing will be available online in both English and Spanish for use by ASPIRA, community groups or individuals, interested in learning or leading education seminars on basic financial education related topics. As an integral component of the program replication, ASPIRA will invite 120 community based organizations throughout the nation to participate in Web-based train-the-trainer sessions.

The ABCs of Financing sessions, with participation from Chrysler Financial's experts, will bring a better understanding of why a good credit history is important in the financing process, the kinds of vehicle financing options available and how to select the best vehicle financing plan based on one's needs. The session will also provide participants with information on career opportunities in the vehicle financing industry.

“We applaud Chrysler Financial's efforts to offer up their financial guidance to support the development and financial well being of the Latino community, especially our youth and their families,” said Blackburn-Moreno.

About Chrysler Financial
Chrysler Financial offers a complete line of world-class automotive financial products and services for both dealers and consumers of Chrysler, Jeep® and Dodge vehicles. In addition to offering vehicle wholesale and retail financing to more than 2,400 Chrysler, Jeep and Dodge dealers, Chrysler Financial also provides fleet management and lines of credit to dealers. As an industry leader in automotive financing, Chrysler Financial provides its customers with the most innovative and efficient methods of doing business. For more information on Chrysler Financial visit www.chryslerfinancial.com

About the ASPIRA Association
The ASPIRA Association promotes the empowerment of the Puerto Rican and Latino community by developing and nurturing the leadership, intellectual, and cultural potential of its youth so that they may contribute their skills and dedication to the fullest development of the Puerto Rican and Latino community everywhere. To learn more about ASPIRA's Community Wealth Development initiative, visit http://www.aspira.org/Comm_wealth.htm.

To learn more about the ASPIRA's programs and how they can be of benefit your community, please visit ASPIRA's at www.aspira.org. If you are interested in bringing the program to a particular city, please call the ASPIRA national office at 202-835-3600 ext. 137.

For more information, please contact:

John Villamil ASPIRA Association
Phone: 202-997-0386
Phone 2: 202-835-3600 ext. 137
Amber Gowen Chrysler Financial
Phone: 248-427-3126
Phone 2: 248-930-6174


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