For more than three years, Deutsche has partnered with the Bharti Foundation to support four Satya Bharti schools in Ludhiana in the Indian state of Punjab. The schools provide free education for disadvantaged children, most of them come from the scheduled castes and tribes.
Education opens the door to opportunity
Access to education is lacking in many developing countries and emerging markets. Deutsche Bank believes education is a basic right that should be available to all children and young people.
Education is crucial to achieve a better future, both for individuals and society. It reduces poverty by enabling people to obtain productive jobs, higher wages and a better quality of life.
In Sub-Saharan Africa, more than 25 percent of people between the ages of 15 and 24 were illiterate in 2009 and had no access to education, according to the United Nations. Worldwide, around 67 million children of elementary school age receive no education whatsoever.
The UN has dedicated one of its Millennium Development Goals to the education of children worldwide – to “ensure that by 2015, children everywhere, boys and girls alike, will be able to complete a full course of primary schooling.”
At Deutsche, our strategy is to support programs that provide educational opportunities to underprivileged young people, allowing them to achieve goals that would otherwise be unattainable.
Since 2008, we have supported INCLUDED (formerly Compassion for Migrant Children). The nonprofit organization tackles the needs of children of migrant families that have fled rural communities for jobs in China’s sprawling cities. Our funding has helped hundreds of migrant children, in addition to building sports facilities and 10 fully furnished shipping-container classrooms in Haiqiao, Beijing. Each classroom is made up of four containers to hold 20-30 people.
Since 2004, we have supported the Rural Education Access Programme (REAP) in South Africa. REAP offers talented and motivated young South Africans from poor families the chance to study at high quality tertiary institutions and provides them with the support and guidance they need to graduate, sustain themselves and become become role models for others.
Among the many other programs we support to enabling talent, there is the Huong Duong Orphan and Disabled Patronage Center in Vietnam, which raises and educates orphans, disabled and disadvantaged youth. In 2012 40 students have been direct beneficiaries of the Huong Duong Education Center with a University passing rate of 100 percent for the second academic year.
In Brazil we support the AlfaSol literacy initiative which has helped more than 5.5 million schoolchildren since it was launched in 1996.
of migrant families have been supported by INCLUDED
participated in programs at Huong Duong Education Centre in 2012