PATRIZIA Child Care Mymensingh
30 million children in Bangladesh live in poverty and have hardly any access to education. In Mymensingh, 115 kilometres north of the capital Dhaka, children and families also live in extremely difficult conditions: While mothers work, young children are left to fend for themselves.
Together with its local partner MATI Bangladesh, the PATRIZIA Foundation is implementing an innovative project with PATRIZIA Child Care Mymensingh, which offers 80 children between the ages of 1.5 and 6 not only care but also high-quality early childhood education – and thus shows the families a path to a better life.
“PATRIZIA Child Care Mymensingh creates the conditions for families to find their own way out of extreme poverty.”
Constanze Egger, Vice Chairwoman of the Foundation’s Board of Directors
Impact investment as an innovative concept
A new building is being constructed in Mymensingh that can be used in many ways. Four group rooms on two floors will accommodate the Day Care with 80 children. In addition, the building will offer space for four rental flats, a health centre, a pharmacy and a shop where the children’s mothers can sell products themselves. What is special about this concept is that the rental income finances a considerable part of the Day Care’s operating costs.
This forward-looking idea of impact investment secures long-term operation and allows the operator to plan independently of external financiers.
Compensate for developmental deficits
Children who grow up under difficult conditions such as war, crises or even extreme poverty often show trauma or developmental deficits that lead to learning difficulties, among other things. The “Essence of Learning” (EoL) concept, which is also used in the “Ready for the Future” project, takes such deficits into account and promotes the children’s development in a playful way. In this way, even children from extremely poor families have the chance to learn at school in a self-active way and without problems.
With MATI Bangladesh, the PATRIZIA Foundation was able to win an experienced local partner that has not only been successfully implementing the EoL concept in several institutions for years, but also has an excellent local network.
The organisation has been providing aid to the poor population in Bangladesh for 25 years and is committed to school and vocational training, health care and organic agriculture.
Start of construction only with secured financing
MATI Bangladesh is financing a large part of the construction costs. But the start of construction is not yet secured. For its part of the investment, the PATRIZIA Foundation needs donations from partners who want to support the new way of impact investment and thus get involved in education and better living conditions in Bangladesh. This can be done in many ways.
Financing the entire project as part of a CSR partnership is just as possible as investing in individual areas. An investment in the green roof enables the children to grow vegetables and learn about sustainable action. To ensure that the children receive a warm meal every day, the costs for one of the facility’s two kitchens can be covered. It is also conceivable to finance a group room, a seminar room or one of the rented flats in the building.