SATHAPANA BANK PLC
Status: Completed investmentWhy disclosure?
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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
Sathapana is a professional, deposit-taking microfinance institution in Cambodia. It is currently the third largest MFI in the country. They have a profitable track-record and exhibit excellent financials. The focus of Sathapana is on micro and small loans, though it is gradually making a shift to larger loans. Sathapana has an extensive branch network throughout the country providing loans to rural farmers.
What is our funding objective?
The loan will be used to expand Sathapana's MSME portfolio, thereby contributing to the growth of the microfinance institution. Sathapana is in the process of shifiting from providing primarily micro business loans to providing loans to the SME sector. This shift is in line with the maturity of Sathapana's clients and it addresses the large demand for loans from the SME sector within Cambodia.
Why do we fund this investment?
FMO funds this project because Sathapana focuses on providing loans to the financially underserved population in both urban and rural Cambodia. The shift towards providng loans for the SME sector is fully in line with FMO's strategy. FMO plans to provide a syndicate loan to Sathapana, of which this US$15 mln loan is the first step. Through the syndicate, Sathapana is introduced to new parties and it will ensure an efficient process for Sathapana.
More investments
| Date | Total FMO financing |
|---|---|
| 4/1/2022 | USD 20.00 MLN |
| 2/15/2024 | USD 16.50 MLN |
- Region
- Asia
- Country
- Cambodia
- Sector
- Financial Institutions
- Effective date
- 7/29/2014
- End date
- 10/31/2019
- Total FMO financing
- USD 15.00 MLN
- Funding
- FMO NV
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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) - B