Home Credit and IER launch first fund for children under ages for kindergarten

On 19 February, Home Credit Vietnam and the Institute for Educational Researches (IER) held a ceremony to announce “Blossoming Buds” Fund with the total value of VND1 billion for workers’ children under ages for kindergarten from industrial parks and export processing zones in HCMC and Binh Duong and Dong Nai provinces.

On 19 February, Home Credit Vietnam and the Institute for Educational Researches (IER) held a ceremony to announce “Blossoming Buds” Fund with the total value of VND1 billion for workers’ children under ages for kindergarten from industrial parks and export processing zones in HCMC and Binh Duong and Dong Nai provinces.

The organizers will hand totally 1,000 scholarships worth VND1 million each to workers having young children aged from six months old to five years old in the three localities. In details, 350 scholarships will be handed in HCMC through support of HCMC Export Processing and Industrial Zones Authority (HEPZA), 325 scholarships in Dong Nai Province through support of Dong Nai Industrial Zones Authority (DIZA) and 325 scholarships in Binh Duong Province through support of Binh Duong Industrial Zones Authority (BDIZA). Handing-over ceremonies will be held in these localities in April and May this year.  

At the ceremony, Ph.D. Nguyen Kim Dung, vice chairwoman of IER, said that the kindergarten education is now the most interest of the State and society after recent children violence cases found nationwide. Thus, Vietnam needs trusty and accurate scientific reports. The institute is working with Home Credit to conduct a detailed report on kindergarten education in three localities that are home to most industrial parks in Vietnam – HCMC, Binh Duong and Dong Nai. “As most of public kindergarten schools have no policies to take care of under 18 month old children, most parents who have children at this age have to send their children to private nurseries. Low incomes plus shift work make thêm have no choice and depend on private nurseries with many risks for children safety.” She said.

Ms. Dung also reveals that, on 13 February,   Ho Chi Minh City Department of Education also sent an announcement to the local authorities – districts to prepares for pilot children care from the age of six months at the public kindergarten school for next school year. "This can be seen as a  good news for families, especially workers with young children who  need to send children to school soon. However, to accomplish this target, it requires kindergarten education in the city should have a well-prepared roadmap for long-term.” She said.

Friedrich Weiss, general director of Home Credit Vietnam – sponsor of “Blossoming Buds” Fund, said: “Local press have raised strong voices about recent children violence cases in nurseries. Competent authorities have also had suitable reactions. In the situation, Home Credit decided to commit VND1 billion in 2014 for workers’ children under ages for kindergarten. As an initial plan, we sponsor VND1 billion for 1,000 households in need. In the second year, we will expand the program as we will receive supports from partners and our big staff.”1

Weiss said that, to a person, first years are very important in forming characteristics and developing abilities. Because of various reasons, not many enterprises are interested in these children in their community activities in Vietnam. “Under “Blossoming Buds” Fund, Home Credit is possibly the first enterprise handing scholarships to children under ages for kindergarten. This will help attract further interest of the community. We also wish more and more organizations and companies join hands to take care of country’s future generation,” he said.

As part of “Blossoming Buds” Fund, Home Credit and IER work together to organize talks or workshops about how to take care of children, to understand children, to know whether children suffer violence, etc. with the participation of workers who are parents in HCMC, Binh Duong and Dong Nai. Leading education experts will be invited to join in these events.

Posted on 27.11.2014