Financial literacy Story

Concept

Prior to a custodial sentence one of our co-founders, Sobanan Narenthiran had learned the power of being financially literate and how it can help build someone’s future, empowering them to lead a better life.

Little did he know that he was about to receive a custodial prison sentence, and that his newfound skill would be of such value to the men who reside there as well as the staff members who work there.

Inspired by his father who taught him the basics of finance and investing combined with being inspired by a Ted talk delivered by Curtis Carrol currently serving a 54 to-life sentence, someone’s life who has been changed by learning financial literacy. And Someone who changes the lives of others by teaching it from behind bars in San Quentin, California

Inception of the idea into a programme

During the pairs custodial sentence, due to their academic background, they landed themselves jobs in the prison library. Allowing them to meet prisoners from every wing of the jail.

Residents would always be curious if the prison sentence for the pair of former university students was a crossroads to ignite their criminal careers.

This was certainly not the case, and Sobanan was vocal in letting people know, that they also don’t have to go down the same path of crime, once being released.

After many, some heated debates about why the men did not have to commit crime, Pratik and Sobanan came to a conclusion, the reason for these men being so adamant to want to carry on this path of crime, was not because they felt like they were born to do so.

They felt like they had no choice.

And the crux of them going back always came back to a lack of financial capability and a poor attitude around mindset, patience, identity, purpose and willingness to ask for help.

Findings from our survey

The programme needed to fulfil real needs of the men and had to be evidence based to be effective. So, the pair created a survey to assess the needs of the prisoners in regard to financial capability and literacy.

64%

Would benefit learning about the basic of finance.

52%

Were interested in investing.

85%

Admitted to being in debt.

76%

Were financially motivated to commit their offence.

Using The Three Pillars Of Life To Empower

Our aim is to empower disenfranchised people and communities to empower themselves through our ‘train the trainer’ model and evidence-based consultancy services.