Basic financial literacy to include people deprived of their liberty. Finanzas para Mortales-Justicia Educativa (“Finance for Mortals/Educational justice”) is a Santander programme that Burgos Prison inmates José Alberto, Cándido and Ángel took part in to learn about digital banking and other financial concepts.
José Alberto, Cándido and Ángel are inmates at Burgos Prison. They share an eagerness to broaden their knowledge and make sure they’re ready to re-enter society. That’s why they chose to take part in Finanzas para Mortales-Justicia Educativa (“Finance for Mortals/Educational justice”), joining some75,000 people who benefited from Finanzas para Mortales’ (FxM) financial education initiatives in 2021.
In collaboration with Instituciones Penitenciarias (Spain’s Prison Service), the programme is part of Santander’s initiatives to teach financial concepts to children, teenagers, senior citizens, people with disabilities, social entrepreneurs, people at risk of social exclusion and other financially vulnerable groups and to drive inclusion. Santander is committed to financially empowering 10 million people by 2025 in the countries where it operates.
The programme runs basic courses for prisoners on a wide range of economic and financial concepts so they can make responsible and informed financial decisions for themselves and their families.
Burgos Prison inmates José Alberto, Cándido and Ángel with Santander volunteer José María Sainz-Pardo
Though participants had different reasons for signing up, they shared a determination to keep up with the possibilities that digital banking affords us and to make sure they’re ready for life on the outside. They agree these initiatives are essential to help them feel connected to society and imagine what their life will be like in the near future. For instance, Ángel’s job in the prison’s bakery has sparked his ambition to open his own. And it was Santander volunteer and course tutor José María Sainz-Pardo who gave him a first glimpse at what he hopes could one day be his livelihood.
The prison's director, Elena Ramos, recognizes the need for these initiatives by companies like Santander. While hers was the first to run the programme, several prisons in Spain have also signed up, with equally praiseworthy outcomes.