ABA​ Bank​ and​ Cambodian​ Children's​ Fund​ partner​ to​ develop​ all-inclusive​ development​ program​ for​ underprivileged​ children

25/May/2023

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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.

Scholarships​
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.

Cross-promotion​ activities
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.

Volunteer​ Program
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.​

"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.​

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.