Hana Financial Group announced that it held a school supplies delivery event for local students affected by a devastating cyclone at the headquarters of its local subsidiary, Hana Microfinance in Yangon, Myanmar on June 27.
As part of the event, Hana Microfinance prepared 500 school supply kits including pencils, ballpoint pens, colored pencils, notebooks, and water bottles for students in cyclone-hit areas and delivered them to local relief organizations.
Hana Microfinance has been actively supporting local residents’ recovery efforts to fulfill its social responsibilities in the region as a microfinance company with many branches in the northern regions of Myanmar, including the Rakhine Region and the Magway Region which were severely damaged by the cyclone.
First of all, Hana Microfinance delivered recovery support to about 5,300 customers who suffered damage due to the cyclone and gave encouragement to Hana Microfinance employees working in the affected areas.
Moreover, Hana Microfinance plans to further develop “global win-win finance” with local communities by raising donations for the reconstruction of damaged sites through internal fundraising activities.
“As a global corporate citizen, Hana Financial Group will fulfill its responsibilities as a member of local communities in countries around the world, including supporting the victims in Myanmar,” said Lee Eun-hyung, vice chairman of Hana Financial Group, who attended the event.
“We will continue to carry out authentic global ESG activities to grow together with local communities around the world.”
Hana Microfinance was established in 2013 and has been in Myanmar for 10 years, with more than 1,400 employees working in 75 branches as of the end of March this year.
In May, a powerful cyclone hit the northern region of Myanmar with a large amount of rain and strong winds, causing hundreds of thousands of displaced people and destroying infrastructure such as schools, hospitals, and roads.
As a result, local families faced increased financial burdens for education, and children and teenagers were faced with a shortage of school supplies, making it difficult to create a basic learning environment.
Meanwhile, Hana Financial Group has been carrying out various activities in its overseas markets to promote global win-win finance.
First of all, in February, Hana Financial Group provided a total of $300,000 in emergency relief donations for the victims of the earthquake in Turkiye, a country with strong ties to Korea, and delivered relief goods for an immediate recovery of the victims by making and delivering happiness boxes filled with emergency relief goods prepared by Hana Financial Group employees.
Last year, Hana Bank provided support for ambulance vehicles and flood evacuation facilities in flooded areas of central Vietnam.
In 2020, Hana Bank Indonesia donated 10,000 COVID-19 diagnostic kits to the Indonesian Ministry of Health during the COVID-19 pandemic.
Hana Financial Group continues to carry out various ESG activities in overseas locations, such as giving scholarships to outstanding college students from low-income families in Indonesia, Vietnam, and the Philippines every year through the Hana Financial Sharing Foundation.
Hana Financial Group announced on July 17 that it will donate a total of 1 billion won for a rapid recovery of affected areas and support for disaster victims due to nationwide torrential rains, and actively provide group-wide financial support for individuals and businesses hit by floods.
First, Hana Financial Group will donate a total of 1 billion won which was voluntarily raised by employees at 14 affiliates of Hana Financial Group, to help restore flood-hit areas and provide emergency relief to disaster victims.
Hana Financial Group will also deliver 1,111 sets of relief boxes containing daily necessities such as bottled water and medicines to those affected by the heavy rains.
“We will do make every effort to help local communities and customers affected by the unexpected heavy rainfall return to normal every life as soon as possible,” said Ham Young-ju, Chairman of Hana Financial Group.
“All of us at Hana Financial Group will work together to provide various support to help the disaster victims get back on their feet.”
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