May 01 2014
Operation HOPE Hosts Celebration to Spotlight Success Stories for Project 5117
ATLANTA – May 1, 2014 – In Recognition of Financial Capability Month, Operation HOPE hosted an event on April 24th at HOPE Inside Ebenezer to celebrate its new agreement with the Consumer Financial Protection Bureau (CFPB) and to announce program results for Project 5117. Highlights of the evening included remarks from Project 5117 Co-chairs Ambassador Andrew Young (click here for video message) and Dr. Bernice King CEO of The King Center, success stories and key program sponsors.
“This is a great day for HOPE, said” John Hope Bryant Founder, Chairman and CEO, Operation HOPE. “Project 5117 model is an exciting, ground-breaking template for how to lift underserved populations out of financial dependency and into financial freedom. The stories and personal testimonies that are resulting just six months into this program demonstrate that we have unveiled an incredibly valuable tool for lifting working class Americans out of poverty and into opportunity.”
Our partnership with the Consumer Financial Protection Bureau will help advance our ability to better serve the community and further our efforts around our greatest mission, Project 5117. Already the commitments to Project 5117 reflect the importance of leveraging relationships in the private and public sector.
The crowd gathered in HOPE’s conference room to share the meaning of community and celebrated each other’s successes. Atlanta Market CEO James Bailey opened the program and introduced the students and adults who have participated in the different Project 5117 programs:
Banking On Our Future from Paul D. West Middle School
HOPE Business in a Box Academy from Young Middle
Micyra Cohen (Grade: 8th; Business name: Mick’s Jewelry): Micyra has been creating jewelry as a hobby and thought it would be great to take her hobby to the next level. Micyra and her family were very committed to completing the program. Her business makes leather and beaded bracelets and necklaces.
HOPE Inside Client Program
Patricia Adams: Patricia found out about HOPE Inside at the Salvation Army where she once lived. Ms. Adams came in to learn more about how she can take control of her money and raise her credit score. She now is a part of the 700 credit score community and her future goals are to own her own home.
700 Credit Score Community Program
Eboni Brown: After being denied her dream job because of her credit score not being where it needed to be, Eboni Brown decided it was time to make a change an apply to be a part of the 700 Credit Score Community program. After making some mindset and lifestyle changes, Eboni can say that she has a credit score that is 700+ and is a part of the 700 Credit Score Community.
Closing out the program, Bryant also shared news about the recent signing of a Memorandum of Understanding with the CFPB that will help HOPE encourage its participating members to utilize CFPB publications and information.
Founded in 1992 and headquartered in Los Angeles, CA, the organization leads the way in financial dignity through financial literacy and education tools. It has operated through its four core portfolios to provide youth and adult financial literacy, economic preparedness, digital empowerment, promoted home ownership, and assisted with foreclosure prevention to more than 2 million individuals, families and small-business owners. Last year the organization began its next phase in the fight for economic justice and will focus on Project 5117, until 2020. It is a multi-year initiative that will track and increase business role models for youth, boost credit scores for adults, and empower underserved communities.
See www.operationhope.org or join the conversation at #P5117