Art & Entertainment | Book Reviews | Education | Entertainment Video | Health | Lifestyle | Sport | Sport Video | Search

 

Entrepreneur for the poor to visit NZ

Entrepreneur for the poor to visit NZ

Dynamic entrepreneur Rommel Caringal is visiting New Zealand from Saturday 8 October - Friday 14 October, to inform New Zealand donors about the amazing growth of World Vision's micro-enterprise programme in Cambodia.

In just a few years he has taken VisionFund Cambodia from zero in 2001 to over 22,000 clients and a loan portfolio of $US2.5m. Small micro-finance loans, as little as $US25, are invested by struggling entrepreneurs in small businesses, and the current returns are estimated to benefit the lives of over 88,000 children.

"It's such a significant investment in people's lives – a big bang for the buck!" says Rommel, who sees the micro-finance programme as an investment that keeps on giving.

He has a team of loan officers, many of whom are recent university graduates, who have set up a series of community banks in mainly rural areas to provide affordable micro-finance and business training to people with entrepreneurial drive and ability, who are living below the poverty line (US$1 a day).

"Without World Vision and VisionFund these people would be at the mercy of loan sharks who charge as much as 250% interest a year. Yet with a small loan, they can earn enough to feed their family properly, to educate their children, provide proper housing and even look at expanding their business," he says.

And under his management, VisionFund Cambodia has maintained over a 99% repayment rate since mid 2001.

Rommel Caringal is originally from the Philippines, and has a degree in philosophy. He has over 12 years of experience in developing banking products for the poor. Prior to working for VisionFund in Cambodia he worked with a number of Philippine national and international non-government organizations and and consultancy firms engaged in microfinance, indigenous people, and urban poor sectors.

His ambition for VisionFund Cambodia is to help lift over 72,000 people out of poverty by 2009, impacting over 250,000 dependent children, and with a loan portfolio of US$17.6m.

Rommel Caringal is available for interviews. Please contact Liz MacIntyre on 09 580 7718 or 021 643 619.

Rommel is in
Auckland Sun 9, Mon 10 Oct,Thurs 13, Fri 14 October
Christchurch Tues 11,
Wellington Wed 12 Oct

ENDS

© Scoop Media

 
 
 
Culture Headlines | Health Headlines | Education Headlines

 

Reuben Moss' Property is Theft! & Kaitani at The Physics Room

Property is Theft! continues Moss’ interest in the contemporary urban environment as a space controlled by pulsing and unequal flows of capital and labour. Kaitani features work by the University of Canterbury Fijian Students Association and Kulimoe’anga Stone Maka. More>>


Handcrafted Form: Rare Treasures From Japan

This unique exhibition at Expressions Whirinaki represents 90 everyday objects made by contemporary Japanese artisans who employ various traditional craft techniques made in regional workshops. The works used in daily life are crafted from raw materials with techniques appropriate to bringing out the best of its medium, balancing ease of use with aesthetic appeal. More>>

Howard Davis Article: A Musical Axis - Brahms, Wagner, Sibelius

Brahms' warm and exquisitely subtle Symphony No. 3 in F major, Wagner's irrepressibly sentimental symphonic poem Siegfried Idyll, and Sibelius' chilling and immensely challenging Violin Concerto in D minor exemplify distinct stages of development in a tangled and convoluted series of skirmishes that came to define subsequent disputes about the nature of post-Romantic orchestral writing well into the following century. More>>

Scoop Review Of Books: A Pale Ghost Writer

Reviewed by Ruth Brassington, Richard Flanagan's new novel is about a novelist hastily ghost-writing the biography of a crook about to go to trial. The reader is kept on a cliff-edge, as the narrator tries to get blood out of his stone man. More>>

New Zealand Wars Commemoration: Witi Ihimaera's Sleeps Standing Moetū

The second of several articles to mark Rā Maumahara, remembering the New Zealand Land Wars. The first was a Q&A with Vincent O’Malley, author of The Great War for New Zealand: Waikato 1800–2000. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • CULTURE
  • HEALTH
  • EDUCATION
 
 
  • Wellington
  • Christchurch
  • Auckland