A Hand Up for Cambodia's Poor

In Cambodia, a loan of under $100 can mean the difference between being a successful entrepreneur or staying poor. In villages and cities, Cambodians have skills--like baking or repairing tires—they can use to build a home-based business. All they need is a little capital to turn those ideas into reality.

In 1995, Catholic Relief Services began to make that possible. It started the microfinance project "Thanakea Phum Cambodia (TPC), which means Village Bank Cambodia. TPC gives small loans to motivated, hardworking people who want to support their families. Bakers can buy a stock of ingredients; repairmen can buy inventory like tires. With a solid foundation for their small business, Cambodians are no longer scraping by. They can feed their families and send their children to school.

TPC, which is now self-sustaining, has helped hundreds of thousands of Cambodians become independent. Watch this video to see how three beneficiaries changed their lives with a little help from TPC.

10_CRS_LSheehan

Category:

Nonprofits & Activism

Tags:

• Microfinance
• micro
• finance
• cambodia
• thanakea
• phum
• TPC
• tpc
• CRS
• Catholic
• Relief
• Services

[MaoSuratt911]

A home life can have neither freedom nor beauty if it is based on borrowing and debt....

[MaoSuratt911]

The creditor hath a better memory than the debtor.......;)))))))