Funded Projects

Promoting Financial Wellbeing for Ethnic Minorities

The venture features financial literacy courses tailored for ethnic minorities in Hong Kong, trains community ambassadors to lead workshops, and offers an innovative online learning platform for self-paced education.

Beneficiaries:

People of Diverse Race

Service Types:

Economic Empowerment, Education & Skills Development

Social Problem

Ethnic minorities in Hong Kong encounter significant hurdles in managing their personal finances, leading to disproportionately high generational poverty rates and social exclusion
According to research conducted by the Investor Education Centre in 2015, only 0.6% of the 661 financial education initiatives conducted between 2011 and 2015 were intended for the ethnic minority population.
The 2016 census revealed that 19.4% of EMs were living below the poverty line, a figure that, even after the provision of government subsidies, remains significantly higher than the poverty rate among the general population

Social Innovation

Offers a series of financial literacy courses designed for ethnic minorities, delivered in English, contextualized for ethnic minorities’ cultural distinctions and tailored for Hong Kong’s unique financial environment
Trains selected ethnic minorities ambassadors to co-host workshops, empowering community members to lead within their own community
An innovative online learning platform that provides self-paced financial education accessible beyond the classroom

Expected Social Impact

70% of participants to improve their financial wellbeing
80% of the ambassadors increase their skills in workshop facilitation and confidence in public speaking
80% registered users completed all 3 modules

Funded Projects

Promoting Financial Wellbeing for Ethnic Minorities

Social Problem

Social Innovation

Expected Social Impact

Business Model

Project Content

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