by: anthony perez juan siguenza isai toledo exidio sosa
DESCRIPTION
By: Anthony Perez Juan Siguenza Isai Toledo Exidio Sosa. Cambodia. Average Income:$2,600 Funds lent to Cambodia by Kiva: $28,725,400 Population of 14,453,680 Type of Government: Constitutional Monarchy. Problem in Cambodia. Poverty High interest rates with informal loans - PowerPoint PPT PresentationTRANSCRIPT
By: Anthony PerezJuan Siguenza
Isai ToledoExidio Sosa
Cambodia
• Average Income:$2,600• Funds lent to Cambodia by Kiva:
$28,725,400• Population of 14,453,680• Type of Government: Constitutional
Monarchy
Problem in Cambodia
● Poverty● High interest rates with informal loans● Forced to pay taxes and fees with regulated
institutions
Kiva
● Non-profit organization● Allows people to lend money via Internet in
developing countries● Help create business opportunities
worldwide● Gives hope to people who need money
Why are loans better?
● Encourage people to work hard to pay back the money that was lent to them
● It motivates them to strive and succeed in order to repay the loan
Ya● Takeo Province, Cambodia● Age: 41● Married● Two kids● Requests $1,000● Buy Pigs and Fodder
Why is this a good loan?
● Help a family (financially)
● Help Ya’s children have an opportunity to get a bachelors degree
● Help someone expand their own business
How much do we want to raise?
● We want to raise $25 or more