The first Pay-for-Success project in Hong Kong launched
Seeking to catalyse the pilot development of the innovative financing model of Pay-for-Success (PFS, also known as Social Impact Bond) in Hong Kong, the SIE Fund has taken up the role of Commissioner for the first PFS project in Hong Kong launched recently.
The PFS project "Start from the Beginning - Chinese Supporting Scheme for Non-Chinese Speaking Students (NCS) in Kindergarten" was rolled out by Oxfam Hong Kong (Oxfam) in September 2020. It seeks to scale up an existing programme of Oxfam with the objective of helping NCS kindergarten students improve their Chinese proficiency and learning motivation, enhancing kindergarten teachers' capability of teaching NCS students Chinese, and thereby relieving the poverty and social exclusion issues of NCS students in the long run.
This scale-up PFS project comprises curriculum enrichment, learning and teaching material enhancement, student support, teacher empowerment, parent support, development of an on-line learning community platform, organisation of seminars and workshops, etc., to cater for the needs of NCS students, kindergartens, teachers, and parents.