Volvo Financial Services (VFS) has announced that it will continue its partnership with JA (Junior Achievement) Worldwide until 2025, aiming to provide financial literacy skills and knowledge to even more young people globally. In addition, VFS and JA are expanding their geographic reach by adding programs in Romania and Sweden, in addition to their existing efforts in Brazil, France, India, Italy, Peru, South Africa, Spain, the United Kingdom, and the United States.
The partnership between VFS and JA was established in 2022, and through their collaboration, VFS volunteers and JA educators work together to bring financial skills to young people through JA’s proven program. The young participants also have the opportunity to learn about finance-related careers from VFS volunteers. In the first year of the partnership, around 140 VFS volunteers joined JA educators in reaching over 14,000 young people worldwide.
Expanding the partnership with JA demonstrates VFS’s commitment to making a positive impact on society and aligns with the Volvo Group’s dedication to the United Nations’ 17 Sustainable Development Goals (SDGs). Strong financial skills have a positive impact on several SDGs, including empowering women and girls and supporting quality education.
JA Worldwide offers hands-on and immersive learning in entrepreneurship, workforce readiness, and financial health. With over 17 million student experiences annually in over 100 countries, JA Worldwide is one of the few organizations with the scale, experience, and passion to build a better future for the next generation of innovators, entrepreneurs, and leaders.
Volvo Financial Services is the captive finance arm of the Volvo Group, providing financial services and solutions that meet the needs of customers today and in the future. Dedicated to innovation, VFS supports the company in adopting sustainable transport and equipment solutions. VFS is headquartered in Gothenburg, Sweden, and serves customers and dealers of the Volvo Group in around fifty markets.
Source: PRNewswire
Volvo Financial Services (VFS) operates in the captive finance industry, serving as the finance arm of the Volvo Group. VFS offers a range of financial services and solutions to meet the needs of customers in the transportation and equipment sectors. The company is dedicated to innovation and supports the Volvo Group in adopting sustainable transport solutions.
With its headquarters in Gothenburg, Sweden, VFS serves customers and dealers of the Volvo Group in approximately fifty markets around the world. The company plays a vital role in facilitating the purchase and leasing of Volvo Group products, providing financing solutions that enable customers to acquire the vehicles and equipment they need for their businesses.
The partnership between VFS and JA (Junior Achievement) Worldwide aims to provide financial literacy skills and knowledge to young people globally. By collaborating with JA, VFS volunteers and JA educators work together to bring financial skills education to young people through JA’s proven program.
Expanding their geographic reach, VFS and JA have added programs in Romania and Sweden, in addition to their existing efforts in Brazil, France, India, Italy, Peru, South Africa, Spain, the United Kingdom, and the United States. This expansion allows VFS and JA to reach even more young people, empowering them with essential financial knowledge and skills.
The industry in which VFS operates is directly linked to the transportation and equipment sectors. As such, market forecasts and industry issues can impact VFS and its services. For example, market forecasts for the transportation sector may include predictions about increased demand for electric vehicles, advancements in autonomous technology, and the shift towards sustainable transportation.
Additionally, industry issues related to the transportation and equipment sectors can affect VFS’s operations. These issues may include regulatory changes, economic fluctuations, changing customer demands, and competition from other finance companies.
For further information on the captive finance industry and related topics, you can visit the Volvo Financial Services website at vfsco.com. This website provides insights into the company’s financial solutions, services, and their commitment to sustainability.
To learn more about JA Worldwide and its impact on youth education, you can visit their website at jaworldwide.org. Here, you will find information about JA’s programs in entrepreneurship, workforce readiness, and financial health, as well as their mission to build a better future for the next generation.