Thursday, April 17, 2008

The cow bank: The only bank where you can get a loan and keep the interest

Charity dinner to provide cows for Cambodia's poor

Apr. 17, 2008
The Yomiuri Shimbun (Japan)

An inventive scheme aiming to help impoverished families in rural Cambodia by providing short-term loans of cows is the motive behind a gala charity dinner and auction to be held in Osaka next month.

Hope International Development Agency, a nonprofit organization that helps people overcome poverty by providing human and financial resources, will host the May 10 event at The Ritz-Carlton, Osaka, in the city's Kita Ward.

Funds raised at the event will go toward the Cow Bank project, a part of Hope's microcredit program, which promotes self-help among rural families and sustainable development in Cambodia.

The Cow Bank operates literally as its name implies: Families borrow a cow from Hope and use it to fertilize and plough their fields. Ideally, the cow will give birth during the loan period, and when the calf becomes self-sufficient a few months later, the borrowed cow is "paid back" to Hope.

The family keeps the calf, while the returned cow is then loaned to another poor family. This cycle can be repeated several times, according to Hope.

The May 10 event, to begin at 7 p.m., is the second such event the organization has staged in the Kansai region.

The evening will feature a five-course dinner; a silent auction of items from developing countries, local artists and companies; live entertainment by Japanese musicians; a short video presentation on Hope's activities in Cambodia; and the opportunity to contribute to helping people in the nation.

The organization, based in Naka Ward, Nagoya, and headquartered in Canada, invites organizations, groups and individuals to attend the event. A table for 10 costs 220,000 yen, while individual tickets are 30,000 yen each.

Tickets for the gala event must be reserved by April 21.

The Osaka event, to be hosted in partnership with The Ritz-Carlton, Osaka, is sponsored by Lexus and AstraZeneca K.K.

A similar event hosted by Hope in Nagoya on Feb. 29 saw more than 450 people attend, along with media organizations including NHK and local TV and radio stations.

The Tokyo event is scheduled for May 9 at the Embassy of Canada.

For more information, visit www.hope.or.jp or call (052) 204-0530.

2 comments:

Anonymous said...

This is a similar project practiced in Thailand, initiated by HRH the King of Thailand to the people in remote areas. It's sucessful and remarkably many calves are born and the number has increased eversince.

Anonymous said...

Wow you know alot about Thailand !Can you give one more Thai's sucessful idea so the Canadian and Japanese may can copy to help Cambodian?