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STEMDF to Bring Financial Literacy Class to La Feria

South Texas Emerging Markets Development Fund will conduct a nine week financial literacty seminar will be held at the First United Methodist Church in La Feria, located at 331 S. Main St. Photo: First United Methodist Church website

by Stefania Trimboli-Wright/LFN

The South Texas Emerging Markets Development Fund, Inc. is a 501(c)(3) economic nonprofit organization which was founded in 2009 to administer loans, investment products, and development services to encourage economic and community advancement throughout the Cameron, Hidalgo, Starr, and Willacy Counties of Texas. Its mission is “to increase economic development opportunities and increase affordable housing production.”

Since 2009 STEMDF has grown to add assistance in providing affordable housing to low-income and moderate-income families in underserved areas. More than $270,000 in loans to small businesses has been provided by STEMDF, in its first four years. The nonprofit was awarded a grant from the Community Development Financial Institutions (CDFI) Fund to install its office. The organization has also received three $10,000 grants to bring Financial Literacy classes to generally underserved areas.

Dave Ramsey has become well known for his financial education and planning. He created Ramsey Solutions in 1992 and has built an impressive financial empire including six best-sellers in the New York Times, Wall Street Journal and Publishers Weekly. He hosts the Dave Ramsey Show on the radio, offers multiple courses and training seminars, holds events country-wide and provides a number of tools to get you on the path to financial literacy. “Ramsey Solutions provides biblically based, common-sense education and empowerment that give HOPE to everyone in every walk of life”.

These financial literacy classes will be available for the first time in La Feria. Dave Ramsey’s Financial Peace University will be starting Tuesday, September 11th at 6pm until 8pm and will run for 9 weeks. First United Methodist Church in La Feria will be holding them. Registration costs $49 for a family, which is an incredible bargain considering the education that will come out of it. These classes go over financial, educational, retirement, educate and investment planning as well as teach the basics of budgeting, eliminating debt and planning for the future. Seating is limited, early registration is encouraged.

La Feria Chamber of Commerce President Sunny Philip emphasizes the importance of “empowering the community with education”.



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