"Impact Fund for Future" (The Scheme), organized by SideBySide (Registered company name: The Society of Rehabilitation and Crime Prevention, Hong Kong (Incorporated with limited liability by guarantee)) and funded under the Hongkong Land Foundation. It aims to support rehabilitated and disadvantaged youth (aged 16-30) in upskilling and reskilling. The Scheme offers up to HKD 50,000 in interest-free loans for youth to enroll in continuing education courses. Youth are required to complete the course within 18 months of approval and repay the loan in installments over 30 months. The program can also assist youth in applying for Continuing Education Fund (CEF) courses based on their needs.
Services
Competency Development
Impact Fund for Future
Service Objective
"Impact Fund for Future" is committed to provide immediate support to disadvantaged youth by addressing resource gaps, consolidating funding for a flexible upskilling and reskilling system, assisting them in navigating their career development, and facilitating the creation of a continuous learning plan aligned with their future goals.
Service Users
- Disadvantaged youth aged 16-30 (priority given to rehabilitated youth; Youth with debt or bankruptcy records will not be eligible for this program)
Content
- The course must be less than 1 year in duration & completed within 18 months after approval.
- Quota: 56 participants
- Eligibility: HKD 26,000/monthly income max; Total net asset value not exceeding HKD 390,000
- Loan amount: HKD 50,000 max
- Repayment period: Within 30 months after course completion
- Repayment amount: Not exceeding 10% of monthly salary (first repayment starts after course completion, from the salary of the second month)
- Assist youth in applying for Continuing Education Fund (CEF) courses based on their needs
- Applicant needs to provide a guarantor
- From submitting the referral form to officially enrolling in the course, the process takes approximately 8-10 weeks.
- Each applicant will be approved only once.
*The Scheme accepts applications year-round and applicants must be referred by responsible social worker/caseworker to apply
Procedure
- Contact your social worker /case worker to arrange a referral.
- After initial screening, eligible applicants will be scheduled for a meeting. After the meeting applicant requires to submit a study plan & repayment plan for approval.
- Upon approval, the signing and explanation of the Interest-Free Instalment Loan Agreement, course enrolment procedures, and collection of required supporting documents will be arranged. After the course start, regular follow-up monitoring is required.
- After course completion, repayment begins in the second salary month.
Contact us
Tel: (852) 3955 9572
WhatsApp: 5227 3034 (Yoyo)
Email：yoyoleung@sidebyside.org.hk
Address: Units 603-604, 6/F, Laford Centre, 838 Lai Chi Kok Road, Kowloon.
忠告: 借錢梗要還，咪俾錢中介
Warning: You have to repay your loans. Don’t pay any intermediaries.
放債人牌照號碼: Money Lender's. Licence No.: 1838/2025
投訴熱線電話號碼: Money Lender's complain hotline: 3996 7841
Sponsoring Organization
