Hope Bank operates by a microfinancing system that provides capital to low-income families or unemployed family providers of our organization’s sponsored children. It helps them with income-generating activities that incentive them become self-sufficient financially.
Parents who are unemployed or with low income jobs usually give up on their children’s education and allow them to work since very young due to the lack of financial support in the family. That turns to be a vicious cycle to the family because low education leads to limit opportunities to their children, who grow up and end up working for low income jobs, just as their parents did.
The basis to empower people and community is to help them to be self-sufficient financially by educating their children.
How is the Hope Bank operated?
The case of interest-free livestock bank in India