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What are IDA programs?

Individual Development Account (IDA) Program. Individual Development Account (IDA) Programs are matched savings accounts that help low-income people pay for higher education, purchase homes or start small businesses. The IDA program meets these objectives by providing financial education, case management, homeownership counseling and other asset-goal specific training to IDA participants.

What is Ida individual development account?

(March 2019) An Individual Development Account (IDA) is an asset building tool designed to enable low-income families to save towards a targeted amount usually used for building assets in the form of home ownership, post-secondary education and small business ownership.

What is an IDA grant?

The International Development Association (IDA) is the part of the World Bank that helps the world’s poorest countries. Overseen by 173 shareholder nations, IDA aims to reduce poverty by providing loans (called “credits”) and grants for programs that boost economic growth, reduce inequalities, and improve people’s living conditions.

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