The Korean Federation of Community Credit Cooperatives (KFCC) said today that it had begun providing online ESG education to Cambodian officials.

Twenty Cambodian officials from the country's Ministry of Rural Development are slated to attend the sessions from August 1 to August 9.

The KFCC intends to share its best practices for promoting sustainable models of rural economic development and enhancing women's economic status.

This year, Cambodia is attempting to accept and extend the KFCC finance model through cooperation with the KOICA, the Korean government agency.

The KFCC has established 53 regional branches with more than 12,000 members in Myanmar, Uganda, and Laos in the past several years.

Cambodia is anticipated to be the next nation to prepare for the KFCC system designed to assist members in enjoying financial services and achieving sustainable development.

The KFCC stated that it had provided virtual education due to the pandemic. However, it was emphasised that video clips and real-time conversations would be utilised to boost productivity.

KFCC Chairman Park Cha-hoon said: 

"Based on our experiences in other developing economies, we hope that our model will be able to provide momentum for Cambodia to fight poverty and attain sustainable development.

“The global activities are one of the four pillars of our ESG management. We will achieve the goal by spreading the inclusive financial models to other countries.”

Source: Korea News Plus

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