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"Yes I Can" Education Fund Limited「我都得」教育基金有限公司
Comparison
Enrich Personal Development Limited vs "Yes I Can" Education Fund Limited
"Yes I Can" Education Fund Limited「我都得」教育基金有限公司Key details
- Effective date
- 6 December 2009
- 7 September 2012
- Charity number
- —
- 16/44583
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.
- "Yes I Can" Education Fund Limited is a charity dedicated to empowering underprivileged youth through transformative overseas experiences. The organisation provides scholarships for students to participate in a one-year high school exchange program in the United States. This opportunity is designed to broaden their horizons, inspire them to see a future full of possibilities, and help them break the cycle of intergenerational poverty. The fund operates on the belief that when young people can see a future, they will not give up on themselves.
Contact
- Address
- 1102 Enterprise Building 228-238 Queen's Road Central, Hong Kong
- A402 Tai Po Garden N. T., Hong Kong
Status
- Subvented
- No
- No
- IRD verified
- —
- —
- Subsidiary
- No
- No
- Crowdfunding
- —
- —
Categories
Target beneficiaries
Governance & transparency
- Annual report on website
- —
- No
- Financial audits on website
- —
- No
- Board of directors on website
- —
- Yes
Sustainable Development Goals
- SDGs
- —
- SDG4: Quality Education
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.