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Comparison
Enrich Personal Development Limited vs 1cm Limited
Key details
- Effective date
- 6 December 2009
- 7 June 2022
About
- Description
- About Migrant Domestic Workers in Hong Kong: •There are currently 370,000 women working as domestic workers in Hong Kong (10% of the working population) •54% of migrant domestic workers are from the Philippines, 43% from Indonesia and 3% from countries like Bangladesh, Thailand, Sri Lanka and Nepal. •They earn just HK$4,410 (US$550) per month, facing enormous pressure to send money to feed, educate and house their families back home, supporting at least four family members •88% of domestic workers remit more than 40% of their salary back home every month. 30% of their salary is used to pay for debts incurred •Many of migrant domestic workers are left with nothing to save for retirement or an emergency. Only 6% go home because they feel they have saved enough money and 77% of returnees plan to remigrate •Far too many domestic workers are taken advantage of by unscrupulous recruitment and loan agencies that leave domestic workers in a cycle of indebtedness that they cannot break Since our establishment in 2007, Enrich has now reached and educated over 20,000 participants in our 750+ workshops and impacted over 50,000 family members back home. With our 10 years of experience, we are now well positioned to offer guidance, knowledge and education to support migrant domestic workers to have a more positive and successful migration journey: before they leave their home country, upon arrival, while in Hong Kong and while preparing for successful return and reintegration back home. After taking part in our workshops*: -77% of participants know how to plan and prioritize to pay their debt off (increased by 66%) -94% do research before deciding which investments to get -100% know how to manage expectation of their family when it comes to sending money -88% reduce spending -92% now have a plan for their future. *Financial Literacy: What is the Impact? - Academic report and first external impact evaluation of our work for migrant domestic workers. The study, conducted by The Chinese University of Hong Kong (Dept of Social Work) and funded by the Investor Education Centre, ran from September 2016 until August 2017.
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Contact
- Address
- 1102 Enterprise Building 228-238 Queen's Road Central, Hong Kong
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Status
- Subvented
- No
- No
- IRD verified
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- Subsidiary
- No
- No
- Crowdfunding
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Social links
Documents & video
- Video intro
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Disclaimer
Information is based on publicly available data and may not reflect recent changes.
This comparison is not a legal or professional audit.