Ashoka Fellow
Fellow Since 2007
Social and Enterprise Development Innovations (SEDI)
Ashoka commemorates and celebrates the life and work of this deceased Ashoka Fellow.

This profile is dedicated to the memory of Peter Nares, who passed away in April 2016.
Peter helped Canada’s poor develop greater financial literacy while learning how to save and build assets. SEDI developed the nationwide pilot program learn$ave, which used a matching savings system to help low-income earners save for post-secondary education, job skills training and self-employment. In 2008, SEDI launched the Canadian Centre for Financial Literacy, which develops financial literacy among low-income Canadians. A year later, the federal budget adopted a measure suggested by SEDI to create a financial literacy task force that made recommendations to the minister of finance regarding a national strategy for financial literacy.

This description of Peter Nares's work was prepared when Peter Nares was elected to the Ashoka Fellowship in 2007.
This profile is dedicated to the memory of Peter Nares who passed away in April 2016. Poor people under welfare states are provided with enough income to survive but lack the opportunities to save and invest in a better future. Peter Nares has stimulated new forms of community practice and public policy to combat poverty by expanding the opportunities of those living in poverty to participate in and benefit from the mainstream economy. Peter is one of the international leaders of the transition from income maintenance and social support to the Investment State—one of the dominant development paradigm shifts of our time.
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