The China Foundation for Poverty Alleviation (CFPA) said
yesterday it received donations worth 196 million yuan (US$25
million)?in 2006, 7.7 percent more than 2005.
CFPA used 175 million yuan (US$22.5 million)?in funds and
goods, up 30 percent on 2005, to help 533,600 poor people in 279
counties, said He Daofeng, executive vice president of CFPA.
The donations coming from domestic and international firms and
individuals also benefited destitute college students at 452
universities, He said.
Several institutions including China Construction Bank were
hailed by the foundation for their significant contributions to
China's anti-poverty campaign.
CFPA is a major non-governmental poverty reduction organization
in China.
China Development Bank agreed last year to donate 100 million
yuan (US$12.8 million) worth of loans to a CFPA micro-credit scheme
in China's rural areas.
CFPA has already established micro-credit branches in 10
poverty-stricken counties across seven provinces, which have
collectively handled 150 million yuan (US$19 million)?of
loans. Over 330,000 farmers have benefited from this program since
1996.
(Xinhua News Agency January 11, 2007)