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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
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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 • 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