Hope Store, A Beautiful Virtuous Circle that Helps Single Mothers Achieve Self-Reliance - AMORE STORIES - ENGLISH

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2021.05.18
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Hope Store, A Beautiful Virtuous Circle that Helps Single Mothers Achieve Self-Reliance

Hope Store A More Beautiful World 00cover : A Beautiful Virtuous Circle that Helps Single Mothers Achieve Self-Reliance
Hope Store A More Beautiful World 01 : What is Hope Store? Hope Store is a micro credit program that provides startup loans to single mothers to ensure their financial self-reliance and bring positive change to the lives of their families. * Micro credit: small credit loans provided to support small businesses
Hope Store A More Beautiful World 02 : Hope Store began in June 2003 using the Beautiful World Fund, a legacy donated by the family of Amorepacific founder Suh Sung-whan to commemorate his wishes and has opened more than 430 stores to this day.
Hope Store A More Beautiful World 03 : Single mothers who are selected as Hope Store recipients are provided with up to KRW 40 million in startup fund, including amount for a deposit, at low interest rate.
Hope Store A More Beautiful World 04 : After they open their stores, Amorepacific provides professional consultation, skills training, and legal and financial advice to help single mothers achieve true self-reliance.
Hope Store A More Beautiful World 05 : The loan repayment, which is made after 8 years, is set aside as startup support fund to support another single breadwinning mother achieve self-reliance, creating a beautiful virtuous circle among more and more women.
Hope Store A More Beautiful World 06 : In May 2020, which was a challenging time for business owners due to the COVID-19 pandemic, Amorepacific and its members decided to provide support to Hope Stores.
Hope Store A More Beautiful World 07 : The company opened an in-house pop-up store selling items sold at Hope Stores and Amorepacific and its members bought them, contributing to improving the income of the business owners.
Hope Store A More Beautiful World 08 : Thanks to the support and interest of many and the efforts of business owners, Hope Store loan repayment rate is 82% (from 2005 to 2020), and despite the difficult situation caused by COVID-19 last year, most Hope Stores continue to stay open today.
Hope Store A More Beautiful World 09 : Head of CSR Team at Amorepacific Song Ho-joon, who is in charge of the Hope Store program, said, “Hope Store program has brought many single mothers financial self-reliance and positive changes to the lives of their families” and added, “we will continue our close support in helping Hope Store owners build the lives they wish to lead.”
Hope Store A More Beautiful World 10 : Hope Store program openly recruits eligible owners three times a year (in February, May, and August). 15 applicants have been selected for this year’s program and are preparing to start their businesses. To find out more about Hope Store, visit our Hope Store blog! 희망가게 자세히보기
Hope Store A More Beautiful World 10 : Hope Store program openly recruits eligible owners three times a year (in February, May, and August). 15 applicants have been selected for this year’s program and are preparing to start their businesses. To find out more about Hope Store, visit our Hope Store blog!

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