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

 


Howard Davis: Joel Coen's Monochromatic Macbeth

The Bard of Avon may well be smirking up the sleeves of his lace doublet at the irony of Will Smith's Oscar debacle, but now that the initial furore has dissipated, it's worth revisiting the movie for which Denzel Washington was also nominated. More>>

Howard Davis: Kenneth Branagh’s Black & White Belfast

Branagh has assembled a wonderful cast, including Ciarán Hinds, a gently formidable actor who well deserves his Oscar nomination, and Judi Dench, who steals every scene she’s in. More>>


Howard Davis: Dennis Villeneuve’s Dune - A Brief History

So many elements of Herbert’s novel have since become tropes of popular SciFi that Villeneuve’s film sometimes seems deceptively derivative. What makes all this nonsense essential viewing is his astonishing visual sensibility. More>>


Howard Davis: Jill Trevelyan's Rita Angus

Although Angus has become one of Aotearoa’s best-loved painters, the story of her life remained little known and poorly understood before Jill Trevelyan's acclaimed and revelatory biography, which has been republished by Te Papa press. More>>

 
 
 
 
 
 

LATEST HEADLINES

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