Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Macquarie Generates Support For Cambodia

Macquarie Generates Support For VisionFund Cambodia

2nd October 2006 - Macquarie New Zealand has presented a cheque for $210,000 to World Vision’s VisionFund Cambodia which will go towards helping entrepreneurial poor people in Camboida get a start in business.

Macquarie New Zealand’s sponsorship will be allocated to the Ksach Kandal area, one of the poorest districts in the Kandal province in south eastern Cambodia.

The Head of Macquarie Financial Services Group New Zealand, John Rowley, said the money was made available through an arrangement with the Macquarie Generator Bond Fund.

“The Macquarie Financial Services Group in New Zealand has already supported a number of New Zealand charities,” Mr Rowley said.

“We believe it is our responsibility, as a member of the New Zealand community, to be a part of the solution for some of the social and health issues that require financial assistance.

“We also actively support international charities and VisionFund Cambodia is so aligned to our ideals as a business that we are very enthusisastic about working through World Vision to help the Ksach Kandal people to help themselves.”

VisionFund Cambodia is focused on partnering with poor families as they work to establish secure, healthy and dignified lives and the financial assistance provided to them help the poor to make their dream a reality.

VisionFund Cambodia provides the poor with micro-credit and appropriate mentoring to help them transform from a life of poverty to having self-sustaining enterprises

Through the loan programs with VisionFund Cambodia, families are now being able to provide enough food for their children, savings for emergency needs, afford medical care for their family, build up their businesses, most importantly send their children to school.

As their financial prospect grows, families will have more options and can even access more advance credit markets.

Mr Rowley said the Macquarie Generator Bonds was a market first, offering a combination of credit rating and returns by using investment options that were previously only available to retail investors outside of New Zealand.

“When we launched Generator Bonds we made it very clear that a significant amount of the returns would be donated to charity,” Mr Rowley said.

“We have a strong working relationship with World Vision and encourage our staff to individually become involved as World Vision supporters by sponsoring children and making donations.

“By linking our business with World Vision we are expanding our involvement with worthy charities that aim to help people to become self sufficient.

“Macquarie is already an Australasian leader in institutional philanthropy, Macquarie New Zealand is now a major contributor to that goal.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>


Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>


Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>