By Scott Paterson | Founder
Hi, here is a report for donors to our Microloans for Education/Tuition Fees fund. This fund helps people to get an education as well as to education providers. Just a quick reminder that November 29th (Giving Tuesday) is coming up so please keep this active project/fundraiser on Global Giving in your mind! Now to the update! We've made 245 loans in 25 different countries. We have an astounding 100% repayment rate. Are only losses to date are from currency exchange differences and that amounts to the tiny amount of just $26 since the inception of the fund since early 2015.
One of our most recent loans was made to Senghong of Kampong Chhnang Province, Cambodia. Senghong is a 20-year-old student who is pursuing a Bachelor’s degree. She is majoring in Accounting. Senghong is from Kampong Chhnang Province, Cambodia. She is short of finances to pay her tuition fees, so she would like a loan. The loan will help her to get through the fourth year at the university successfully. In the future, Senghong hopes to have enough money to run a business and have a house of her own. This loan is special because it provides children from low-income families with greater access to education.
Thanks again for your generous donation to this fund and please consider us on Giving Tuesday!
-Scott
Scott Paterson/Founder/Poverty2Prosperity.org
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