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Cambodian Children Fund Receives Generous Donation from Credit Suisse (Hong Kong)

Cambodian Children's Fund
2012-04-17 09:00 946

Three New Schools to Service the Most Impoverished Communities

PHONM PENN, Cambodia and HONG KONG, April 17, 2012 /PRNewswire-Asia/ -- Cambodian Children's Fund (CCF), a non-profit charity that provides education and other social services to impoverished children and families of Phnom Penh, announced that it has received a US$90,000 donation from Credit Suisse (Hong Kong).

"We are very thankful for Credit Suisse's generosity to our cause," said Scott Neeson, Executive Director of CCF. "With their support, we are able to expand and build schools to allow more children into our program."

Based in Steung Meanchey, a district of Phnom Penh, the organisation has educated hundreds of children using its internal education system teamed with the public school system. However, CCF is seeing more children enrolling in school faster than they can build classrooms.  With the donation from Credit Suisse, CCF is able to open three more satellite schools.

"CCF is a progressive and effective charity that is positively impacting the lives of Cambodian children through education," said Patrick Kerrigan, Managing Director & Head of Human Resources, Asia Pacific of Credit Suisse. "We are proud to be sponsoring the development of more schools and involved in providing a brighter future for Cambodian children."

The CCF education model combines quality education to Cambodia's most impoverished children while simultaneously supporting the families and underlying community structure. Even at this early stage, the Credit Suisse investment has placed 500 children in full-time education and provided essential services to hundreds of families.

CCF also provides community assistance to families of the impoverished children. The families receive free medical care, rice at subsidized prices (free if the child has a perfect attendance record), fresh water, maternal care and emergency housing.

"The program is not based on any recognised model," added Neeson. "But it works because it's not just about education; it's about the whole family and the community."

About Cambodian Children's Fund:

Established in 2006, Cambodian Children's Fund (CCF) is a non-profit organization promoting educational development for impoverished children of Steung Meanchey village in Cambodia. Scott Neeson, a former prominent figure in the film industry, left his life in Hollywood and founded the charity after a backpacking vacation through Cambodia. CCF provides education, healthcare and community programs to approximately 1,000 children and seeks to help more in need.  For more information, please visit: http://www.cambodianchildrensfund.org/

About Credit Suisse:

Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 49,700 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

Media Contact:

Sophie Sophaon
Walek & Associates
ssophaon@walek.com
+852-2273-5102

Source: Cambodian Children's Fund
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