Education
HSBC partners with non–governmental organisations across the country, which works with children from underprivileged communities. Our project support helps children go to school, learn in a joyful environment and learn to live a healthy life. We also work with young adults to provide vocational training and life skills so that they are able to help themselves lead a productive life.
Key Education Projects »
The HSBC Scholarships Programme
The programme aims to nurture leaders around the world and help build global knowledge with the accompanying expectation that the lifelong careers of the scholarship recipients will be marked by significant contributions to the community in which they live and work. Over time, the HSBC Scholars will form an influential international alumni network, bringing vision and commitment to improving lives of citizens throughout the world. The scholars are thus expected to use their education for the benefit of others.
A total of 15 scholarships have been awarded till date.
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Future First - Investing in our Children
Launched in November 2006, Future First is a 5–year, US$ 10 million initiative of the HSBC Global Education Trust to provide education and life skills training to street children, orphans and children in care in countries where HSBC has a presence. The programme aims to deliver a lasting impact in the lives of these children by offering support to local not–for–profit organisations working directly with underprivileged children and SOS Children’s Villages – the world’s largest charity for orphans. As part of this initiative, projects are considered for support of upto US$ 25,000 per year for a period of 1 to 3 years. As of March 2008, Future First has supported over 115,767 children through 111 projects across 37 countries.
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Livelihoods
HSBC works in partnership with SHARE (Society to Heal, Aid, Restore and Educate) and SCESA (Sophia College Ex–Students Association) in Raigad district to empower villagers through Rain Water Harvesting techniques and small economic activity. Establishing women SHGs and providing economic independence to women in villages have created life of dignity, respect and happiness.
Microfinance
HSBC started with a lending programme for small Microfinance Institutions (MFIs) in 2005, but after having built up a reasonable degree of understanding of this segment, have started offering commercial loan products to large MFIs also to help them provide micro credit to the financially excluded in India. These institutions provide small loans to groups of poor people (mostly women) using well–established micro credit delivery methodologies. We have sanctioned facilities totalling INR 660M between Jan–Apr08 to MFIs and presently the total number of members covered by MFIs, which have accepted our facilities, is 3.2M.
In 2008, we have put in place a microfinance strategy, with the objective of increasing our presence in this segment and building around a lending portfolio, a host of services which can facilitate capacity building, improve operational efficiency and bring the best practices of a transactional banking business to the microfinance domain. |
