When was Operation HOPE founded?
Operation HOPE, Inc. (HOPE) was founded immediately following the 1992 Rodney King Riots in South Central Los Angeles.
What is the Vision and Mission of Operation HOPE?
The vision is to eradicate poverty as we know it, in our lifetime through the Silver Rights Movement. At the core of HOPE’s mission to eradicate poverty and empower the wealth-less is a movement to establish “silver rights” or the right to financial literacy, access to capital, and equity of opportunity for the underserved. This new movement is focused on freeing and enriching people’s spirit, as much as it is about growing net worth advancing economic standing.
The mission is to expand economic opportunity in underserved communities through economic education and empowerment. Operation HOPE improves the economic quality of life for individuals, families and communities through programs that create stakeholders: converting check cashing customers into banking customers, renters into homeowners, small business dreamers into small business owners and minimum wage workers into living wage workers.
What is personal financial literacy and economic empowerment?
Financial literacy is the ability to understand personal finances and the way that the economy can work for you. It is about understanding “the language of money” and how to do more with the money you make. Teaching people the basics of financial literacy will provide them with the basic abilities to effectively manage their finances and it can also provide a much needed spark – creating an empowered population that seeks to start small businesses and ultimately job creators in the changing economy.
How can I contact the HOPE Mortgage Crisis Hotline and the Consumer Credit Crisis Hotline?
Established first in 2007, the Mortgage HOPE Crisis Hotline (MHCH) and the HOPE Consumer Credit Crisis Hotline (HCCCH) provide toll-free services to assist homeowners and consumers needing answers and guidance for mortgage, credit and financial difficulties. The toll-free hotline at 888-388 HOPE (4673) provides free financial counseling to those faced with mortgage and credit challenges.
What is the Silver Rights Movement?
The Civil Rights Movement was about giving people equality before the law. What many people don’t know is that Martin Luther King Jr., along with HOPE Global Spokesperson Ambassador Andrew Young believed that the next step in their movement was to integrate the financial system, giving everyone a fair chance at the American Dream. HOPE’s focus on ‘silver rights’ continues their work, taking it forward by providing people with financial literacy, economic empowerment and equal access to the free market. As Ambassador Young always says integrating the lunch counter was an important first step, giving people fair and reasonable access to capital and 'integrating the dollar' is the next.