Cambodia Investment Review
ABA Bank, Cambodia’s largest commercial bank and active corporate responsible citizen, signed a Memorandum of Understanding (MoU) with Cambodian Children’s Fund (CCF) to develop an all-inclusive development program for disadvantaged children under CCF patronage.
The MoU was signed by Chief Executive Officer of ABA Bank, Askhat Azhikhanov, and Founder and Executive Director of CCF, Scott Neeson, on 17 May 2023 at the CCF Learning Center located at a former landfill in Phnom Penh’s Steung Meanchey.
The partnership signifies the commitment of both organizations to improve the lives of disadvantaged children through empowerment, awareness, and education development. Under the terms of the MoU, the following initiatives have been agreed upon:
Internships and employment opportunities
ABA Bank will offer internships and employment opportunities to CCF graduates who aspire to work with the Bank and build a career in banking and finance.
ABA will grant scholarships to exceptionally talented children who have graduated from CCF high school and seek to pursue higher education at local universities.
Monetary support for school infrastructure
The Bank will provide monetary support to enhance the school infrastructure of CCF’s primary and secondary education facilities, including early childhood education.
ABA Bank and CCF will collaborate to raise awareness among ABA customers about CCF’s core values, goals, and missions. Through these activities, customers will be encouraged to contribute and donate, thereby supporting the lives of disadvantaged children.
ABA Bank will establish a volunteer program in which employees from various levels and departments of the Bank will visit CCF facilities to share their expertise and offer training to older students.
“This is a ground-breaking partnership that will have a transformative impact on the lives of the children, providing them with access to education, improving job prospects, and breaking the cycle of poverty,” said Azhikhanov.
Read more: ABA Bank Sets the Bar High in Tax Contributions and Community Support in Cambodia
“We are committed to working with CCF to make a difference in the lives of students and their families who live in such underprivileged conditions. This partnership is more than just providing financial support. It is about investing in Cambodia’s future, ” the ABA Bank CEO added.
Partnership helps reach more families
Cambodian Children’s Fund (CCF) is a non-profit organization that has been working in Cambodia since 2004 to improve the lives of children and families through education, health care, and economic development.
CCF facilities include schools, kindergartens, a nursery, a medical clinic, a dental clinic, and a maternal care center. Additionally, CCF has built over 500 homes in the poorest communities.
“We are grateful for the support of ABA Bank,” said Scott. “This partnership will allow us to reach more children and families. We are committed to making a difference in the lives of children in Cambodia, and we believe that this partnership is a step in the right direction.”
Scott Neeson founded the Cambodian Children’s Fund (CCF) in 2004 after leaving a long career in Hollywood. CCF provides quality care and education to nearly 2,000 children and students from newborns through university level. It also provides support to families and the surrounding communities.
The ABA Bank and CCF partnership becomes a powerful example of what can be accomplished when businesses and non-profits work together to make a difference. By joining forces, these two organizations are helping to ensure that every child in the community has the opportunity to reach their full potential.