Financial inclusion: for a future full of opportunities

BY EU STUDIO

Friday, March 25, 2022-13:39

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This is an initiative that is included within the entity's commitment to the financial inclusion of all groups, with special attention to the most vulnerable such as children and adolescents, the elderly, people with disabilities, social entrepreneurs and groups at risk of exclusion. Social.

Because the objective of Finances for Mortals-Educational Justice is, through workshops given by Santander volunteers, to equip inmates with the

so that when they rejoin society they have the power to make decisions about themselves and their relatives in a responsible and informed manner.

Knowledge that the inmates of the Burgos Penitentiary Center have already been able to receive, the place where this initiative was launched with which Banco Santander continues to fulfill its commitment to financially empower at least 10 million people between 2019 and 2025. 7.4 million people have already benefited from this objective, so it hopes to exceed this figure,

Teachers and students with the same goal: social and financial reintegration

Ángel Lillo decided to take part in the Finance for Mortals-Educational Justice workshop because he was interested in knowing

, because he felt that he was far behind in these matters.

He did not know how a company works, Social Security, the Treasury... In short, how to be self-employed once his freedom has been regained.

Lillo assures that the workshop "provides training for when you go out on the street, if the person really wants to change and work on it, or has thoughts of setting up anything, this provides training and experience, because you already leave with some knowledge It's not starting from scratch."

"When I found out about the Educational Justice project -reflects José María Sainz-Pardo -trainer of Finances for Mortals- I wanted to participate at all times because the financial education of inmates is a very important point for them to fully reintegrate into society "This can serve as personal progress because of the training they receive and as a way of developing possible businesses. In the training workshops I have seen that people are very participative: they have shown some projects that they would like to be able to develop once they leave."

José María Sáinz-Pardo assures that

and for them to reintegrate into society as full members.

José Alberto Díaz is a cook at the prison.

According to himself, his day-to-day life is rather monotonous and the workshops and training courses serve as a revulsive.

"This type of course, such as Finance for Mortals-Educational Justice, keeps you up to date."

This inmate is clear that the program "

, we are enormously uprooted from society and there are people who don't even know what a bank account is. I have I spent a few years in prison and I didn't know what a Bizum was, for example. When I entered prison there weren't even tactile mobiles!"

Lillo also points in this direction: "One of the things that I liked the most about the workshop was when they told us about how the apps work. I didn't know that you can see the movements of your bank account or make payments...! you can already pay for even the smallest bun in a bakery!, and all this you have to know.

. I want to reopen something when it comes out and it is essential to know the things that are there what to do with the mobile: dealing with suppliers, banks... all this helps us a lot."

His partner José Alberto also wants to start a business once he gets out of jail.

"I want to do things well. They were talking to us about credits, which are essential to open a business, with these workshops you leave with the basic knowledge,

".

Burgos Penitentiary Center, pioneer of this initiative

"We decided to participate in the 'Finances for Mortals-Educational Justice' program because any training initiative is welcome. Training, culture and everything that has to do with education is necessary, the inmates need to continue growing.

".

These are the words of Elena Ramos, director of the center, who has also highlighted the enormous participation of the inmates in the workshops.

"It has been a very human and enriching meeting: when a session ended, the interns were eager to approach the teachers and it gave rise to gatherings".

Elena Ramos values ​​the 'Finances for Mortals-Educational Justice' program twice: on the one hand, it provides inmates with basic financial concepts that they are unaware of, and on the other, it has served to advise on entrepreneurship.

For example, Ángel or José Alberto have taken cooking and baking courses and

."

Financial education to contribute to the progress of people

Banco Santander has been contributing to the financial inclusion of the most vulnerable groups for years.

In 2021, Finance for Mortals

.

In terms of education, this initiative also organizes other actions such as financial education sessions aimed at immigrant women thanks to an agreement with the Miguel Castillejo Foundation;

sessions for schools and vocational training centers throughout Spain or specific workshops for NGOs such as Full Inclusion, Children's Villages or the Spanish Association Against Cancer.

It also highlights the collaboration of the entity in other projects such as Your finances, your future promoted by the Spanish Banking Association, which seeks to improve knowledge of basic finances in young people in secondary education;

Simplifi, a free and 100% digital platform to promote financial education in Spain developed by Santander Consumer;

the DEFINE project in collaboration with the University of Alicante, to develop the digital skills of seniors;

o Financial Education for the Elderly, to favor the financial inclusion of this group in the Valencian Community thanks to the agreement reached with the city council and the University of Valencia.

Precisely for the elderly, the entity chaired by Ana Botín has also launched new measures, such as, for example, with regard to face-to-face care in offices.

Thus, under the slogan '#WeAreAbiertos', they have extended cashier hours until 2:00 p.m. in their almost 2,000 branches and have made the so-called 'Senior Ambassadors' available to those who need to answer questions or help with their operations.

On the other hand, to help ensure that all groups have guaranteed access to basic financial services, the entity has launched initiatives such as Correos Cash, which consists of offering cash withdrawal and deposit services at the 4,675 Correos citizen service points and the possibility of taking money to any address in Spain through postmen.

The entity also has a customer service model to avoid financial exclusion in rural areas with more than 1,000 bank agents and a network of digital managers, through Santander Personal, which allows remote service with the same functions and quality than in an office.

Discover more initiatives on Financial Inclusion promoted by Santander.

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