Hope Store
Hope Store is a micro credit program that provides start-up loans to ensure the financial self-reliance of single mothers and bring positive change to the lives of their families.
Stores Run by Single Mothers
Beautiful World Fund
The Hope Store, in collaboration with The Beautiful Foundation, fosters business start-ups across a range of sectors, including food, beauty, services, wholesale and retail manufacturing, and education, with the aim of promoting economic stability for mother-and-child families. Since its inception in 2004, the network has expanded from 100 stores in 2011 to 200 in 2013 and now boasts 527 stores as of 2023.
Positive Impact Through Financial Independence
Through Hope Stores, we aim to increase the average monthly income of female entrepreneurs, establish a social support system, promote stabilize emotions, and strengthen family relationships
The loan repayment rate for the Hope Store entrepreneurs stands at 82%, and the average monthly income for these entrepreneurs is approximately KRW 2,524,000 as of December 2023.
Cumulative Activity Results (2004–2023)
-
Number of hope stores opened, 527 -
Repayment rate, 82 % -
Survival rate, 72 % -
Total Expenditure, Approximately KRW30.1 billion