Operation HOPE Announces New Multi-Year Initiative to Boost Financial
Empowerment in Underserved Communities at 2013 HOPE Summit
LOS ANGELES, Nov. 14, 2013
Project 5117 outlines tipping-point for success and tracks impact of HOPE
programs and services; announced to over 1200 Summit participants
LOS ANGELES, Nov. 14, 2013 /PRNewswire-USNewswire/ -- Today, Operation HOPE
(HOPE), the leading global financial dignity nonprofit, announced Project 5117
at the HOPE Global Financial Dignity Summit in Atlanta, Georgia. Project
5117, a multi-year initiative, will track and increase business role models
for youth, boost credit scores for adults, and empower underserved
communities. The initiative includes an informative online resource, which
details the mission, project updates and future plans.
Project 5117 clearly sets the objectives used to track the impact of Operation
HOPE's programs and services from now until 2020. Through Project 5117, HOPE
oEncourage5 millionyouth to stay in school through the "make smart cool"
5MK Initiative, teaching youth financial literacy through Banking on Our
Future by increasing the national average of role models in a community
from 5% to 20%.
oEmpower1 millionstudents to become future entrepreneurs and local job
creators through HOPE Business In A Box;
oOpen1,000HOPE Inside locations where individuals can receive financial
oTransform low-wealth communities, where the average credit score is 550,
to700Credit Score Communities by raising individual credit scores.
"Project 5117 is the ultimate playbook for success that integrates HOPE's most
vital programs and services," said John Hope Bryant, Operation HOPE founder,
chairman and CEO at today's summit. Project 5117 is modeled after the second
phase of Dr. King's 'Poor People's Campaign,' which was the last great battle
of his life. By helping to fulfill Dr. King's Dream, it is our goal to empower
millions of families across the globe through financial literacy, financial
inclusion and, ultimately, financial dignity."
Project 5117 is co-chaired by Ambassador Andrew Young, chairman of the Andrew
Young Foundation and HOPE Global Spokesman Dr. Bernice A. King, chief
executive officer of The King Center and John Hope Bryant. Lead Project 5117
national partners already include the Gallup Organization, which supports HOPE
Business In A Box, and SunTrust Banks, the 8th largest bank in the United
States, which supports multiple HOPE Inside locations.
In partnership with the City of Atlanta, the two-day HOPE Global Financial
Dignity Summit, themed Global Economic Recovery: How The Poor Can Help Save
Capitalism, and moderated by journalists Diane Brady, senior editor at
Businessweek and Soledad O'Brien, framed the issues of financial inclusion,
small business, entrepreneurship, jobs, and financial dignity as essential
core ingredients for mid-to-long term economic recovery and stability. More
than 1,200 of the most dynamic and influential financial industry
professionals, government decision-makers and faith leaders from more than 30
countries around the world traveled to Atlanta for the Summit.
To learn more about the 2ndannual HOPE Global Financial Dignity Summit and
how you can participate, visithttp://summit.operationhope.org. Those not able
to attend the Summit in person are encouraged to participate via live stream
provided by Kaplan University by logging on
About Operation HOPE, Inc.
Operation HOPE(HOPE) is an international nonprofit organization dedicated to
promoting financial literacy and dignity through various educational programs
and initiatives. Since its founding in 1992, HOPE has served more than two
million individuals and directed more than $1.5 billion in private capital to
low-wealth communities. It maintains a growing army of 20,000 HOPE Corps
volunteers, and currently serves more than 300 U.S. cities, as well as South
Africa, Saudi Arabia, Morocco, and the United Arab Emirates.At the core of
HOPE's mission to eradicate poverty and empower people through financial
literacy is a "silver rights" movement to ensure that free enterprise and
capitalism work for the underserved.
SOURCE Operation HOPE
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