Tag: annual report 2015

Entrepreneurs and Momentum: A winning combination

Meklet Tesfaye is an entrepreneur through and through. Ever since she was a teenager, she’s demonstrated the fact by being courageous, optimistic and willing to take calculated risks. For example, look at how Meklet arrived in Canada. In 2001, she said goodbye to her family in Ethiopia, and came here searching for a better life. She came alone. She didn’t speak English. She was 15…. Read more

Compassion: An Essential Component of Making Difficult Choices Well

When Iris Assouline was a child growing up in a small village just outside Jerusalem, her mother used to say, “May your future bring good people your way.” Iris loves her work at Momentum because Momentum is the “good people” in the story of so many lives. Iris arrived in Canada ten years ago with a Masters in Social Work and experience in community development…. Read more

Catalysts for Change: Four Systems-level Initiatives

Momentum is committed to making a meaningful difference in our community. We all want to live in a community where everyone has a sustainable livelihood and a meaningful chance to contribute. We want to inspire the development of local economies with opportunities for all people. Your support helps us to accomplish this, through community economic development programs for individual participants, and your partnership helps us to… Read more

Resilience & Sustainability: the Difference it Makes to Have Assets

At Momentum, we base our community economic development work on the Sustainable Livelihoods model. This approach to poverty reduction is based on the assumption that everyone, no matter their circumstances, has assets on which to build. To create sustainable livelihoods, the kind that see us through good times and bad, we must think beyond financial assets. While there is no doubt that financial assets are… Read more

Trades Training in 2015: Thoughtful and Considered Responses to Tough Economic Times

Momentum’s Trades Training department began 25 years ago, during the recession of 1991. Its purpose was, and still is, to offer the training and support that result in meaningful, well-paid careers in the trades. It’s always nice to do this kind of work when the economy is at its peak. It’s more essential—and yet even more difficult—to do it during an economic downturn. And 2015… Read more

Alberta BoostR: CED in Action in Alberta

For the past 25 years, Momentum has been working to reduce poverty and build prosperity through community economic development initiatives. Both our programs and our community leadership activities are focused on the development of stronger and more sustainable local economies. One of the basic tenets of CED is that local businesses are vital for the health and resilience of the local economy. We support the… Read more

Four Differences between Micro Business Loans and Traditional Banking

…and the Difference They Make The Micro Business Loan program is one of eight programs in Momentum’s Business Development department. People come to the department to discover their entrepreneurial potential, and to develop the techniques of running a successful business. Some participants who go through the training are also eligible for the Micro Business Loan program. With all the banks in Calgary, why does Momentum… Read more

Asset-Building: A Skill for All Seasons

Many families living on low incomes struggle to meet basic needs. Saving and investing for the future are usually completely out of the question, and yet they are critical to overcoming poverty. As Ray Boshara says: Without income, you can’t get by. Without assets, you can’t get ahead. Momentum’s Financial Literacy programs help people living on low incomes learn how to manage and save their… Read more

Better Together: Three Stories of Partnership from 2015

At Momentum, we succeed because of our partnerships. Building lasting partnerships with individual participants is at the core of our work. Participants access our programs and training to move out of poverty and build prosperity for themselves and their families. The partnerships come full circle when many of them return after graduating to support Momentum and current participants. While our work with individuals is fundamental… Read more