CIDA University, City of Wellington, is pledging $100,000 towards the extablishment of the first Operation HOPE offices in Johannesburg and Wellington. Governance by the global board of advisors for HGI and the local board of advisors for Banking on Our Future, SA. South African Regional Board, Western Cape, chaired by Honorable Herman Bailey, former mayor of Wellington, SA, Operations by management and staff for Banking on Our Future, SA.
Operation HOPE and its partners will soon announce its commitment to invest $1 million (U.S.) and to likewise recruit, train and mobilize more than 250 local professional HOPE Corps volunteers in a new and innovative private/public partnership to teach 50,000 South African youth and young adults in financial literacy and dignity in South Africa. The fundamentals of our award winning Banking on Our Future (www.operationhope.org <http://www.operationhope.org>) program will be exported to the South African community, fully localized and infused into community based organizations, churches, schools and other "civil society" organizations in an effort to reach and teach youth in South Africa and to empower them through the choice making power of financial education.
An official welcome reception for the HOPE U.S. Delegation, hosted by U.S. Ambassador to South Africa Eric M. Bost at his residence, is tentatively planned to coincide with the launch of Banking on Our Future, South Africa in June, 2007.
The mission of the Banking on Our Future (BOOF) program is to execute a nationwide delivery system for financial literacy education for youth ages 9-18 at no cost to school districts, with a focus on urban, under-served communities. The program consists of four modules, I. Basics of Banking, II. Checking & Savings Accounts, III. The Power of Credit, and IV. Basic Investments, that are taught by volunteer HOPE Corp members who are trained to break down their knowledge of banking and credit into terms that youth can understand and utilize immediately. In addition to financial education, the students are left with a message of empowerment, a message of responsibility, and most important, a message of HOPE.
Operation HOPE has delivered Banking on Our Future to 197,000 youth in the United States. We have now been invited to expand our program into schools in Johannesburg and Wellington in partnership with financial institutions and other education
Since its founding immediately following the Los Angeles Rodney King riots of 1992, Operation HOPE, a global partnership between the private sector, government and community, has raised approximately $400 million (U.S.), mostly from the private sector, in its mission to eradicate poverty and to empower the under-served.
Said investment of financial, social and volunteer human capital has resulted in HOPE educating more than 200,000 low wealth youth in financial literacy throughout the United States, the creation of more than 700 new low-wealth homeowners, 300 new minority small business owners, provision of assistance to more than 50,000 victims of Hurricane Katrina, creation of a national network of HOPE Centers in low-wealth communities, on-the-ground program offices in 25 U.S. cities, a global partnership promoting dignity (www.globaldignity.org <http://www.globaldignity.org>), and in 2007, HGI sponsored Banking on Our Future program offices introduced on-the-ground in two lead countries on the African continent. John Hope Bryant, a social entrepreneur and noted businessman who was himself the product of the low-wealth communities he now seeks to serve, is the founder, chairman and chief executive officer of Operation HOPE.