Church microfinance scheme is ‘Good News’ to poor

Workers keeping track of savings at the Church-run credit union

May 17, 2010
UCAN

A Church-run microfinance program introduced more than three years ago is helping to improve the livelihoods of many poor people in a parish in Cambodia’s capital.

“Last year, when my motorbike broke down, I thought I would have to take my children out of school, but luckily I was able to borrow 500,000 riel (US$118) from the credit union to repair my motorbike enabling my children to continue their studies,” said Meas Putry, a motorcycle taxi driver.

Putry is a signed-up member of the credit union of St. Joseph Church in Phnom Penh.

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