More than 12,000 children in remote areas will get access to education
HSBC will help to build 350 community schools in Egypt over the next three years, making education available to more than 12,000 children in remote areas. As well as supporting the construction of new buildings and fully equipping the schools, funding from the bank will help employ 700 teachers.
Community schools offer basic education in remote and rural areas where children have few other opportunities to study
The bank is working with Misr El Kheir Foundation, a non-profit organisation that supports the well-being and development of communities across Egypt, to deliver the project.
Jacques-Emmanuel Blanchet, Deputy Chairman and CEO, HSBC Egypt, said: “We are delighted to stand behind this project. Providing basic education helps communities advance and develop.”
Community schools offer basic education in remote and rural areas where children have few other opportunities to study.
The schools have the potential to raise literacy rates and help people in deprived communities gain new skills. They also aim to bring young people who have dropped out of school back into the education system.
Abdel Aziz Ali, Managing Director for the Board of Trustees at the Misr El Kheir Foundation, said: “This project will offer quality education and is a cornerstone for developing skills. Community education offers non-traditional education, which pushes students into creative thinking and enables them to develop themselves.”
UNICEF, the humanitarian and development agency working for the rights of children, has designed a curriculum for community schools that is tailored to the needs of rural communities. Term times take account of local market days and harvest seasons, for example. Pupils do not need to buy a uniform.
This project is one of more than 140 initiatives worldwide that HSBC is supporting under its USD150 million Community Fund. The bank set up the fund in 2015 to thank customers, shareholders and employees as it marked 150 years in business. Donations focus on three priority areas of investment: children and education, the environment and wildlife, and medical welfare and research.
Read more about the HSBC 150 Community Fund.