AMRET PLC
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Amret is a mature and professional deposit-taking microfinance institution in Cambodia. It provides group and individual loans to the poor in rural areas, and is mostly active in the agriculture sector. Amret is a strong long-standing client of FMO with sound financial performance and high quality management.
What is our funding objective?
A long-term FMO-A syndicated senior loan will support Amret's growth plan to reach out to the MSME sector. With the syndicated nature of the loan, Amret is introduced to new parties and countries, which will benefit the long-term funding strategy of Amret.
Why do we fund this investment?
FMO considers this transaction to be an inclusive transaction because it provides financial services to the lower segment of the population in a low-income country. This long-term loan will support Amret's expansion in the MSME sector.
What is the Environmental and Social categorization rationale?
Amret is classified as an FI-C-client with minimal or no adverse Environmental and Social (E&S) impacts. The following E&S requirements are applicable: (i) Exclusion List, (ii) compliance with local laws and regulations and (iii) application of the IFC Performance Standard 2, Labour and Working Conditions. Amret is SMART Campaign certified, adhering to the Client Protection Principles.
More investments
| Date | Total FMO financing |
|---|---|
| 10/26/2021 | USD 50.00 MLN |
| 7/26/2022 | USD 12.50 MLN |
| 5/2/2019 | USD 10.00 MLN |
| 4/20/2021 | USD 5.00 MLN |
| 5/23/2014 | USD 16.98 MLN |
| 9/24/2018 | USD 12.50 MLN |
- Website customer/investment
- http://www.amret.com.kh
- Region
- Asia
- Country
- Cambodia
- Sector
- Financial Institutions
- Effective date
- 4/12/2017
- End date
- 5/2/2022
- Total FMO financing
- USD 11.00 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C