LOLC (CAMBODIA) PLC
Status: Completed investmentWhy disclosure?
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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
Thaneakea Phum, (TPC) is a non-deposit taking microfinance institution with a strong focus on serving low-income women in rural Cambodia. It is the first Microfinance Institution in Cambodia to obtain the official Smart Campaign CPP license.
What is our funding objective?
The funds will be used to further grow the loan portfolio of TPC. TPC addresses the lowest client segment (95% micro loans, 97% rural and 85% women). A large part of the portfolio is still directed towards group-financing and they focus on clients in the agriculture sector. Group financing is often done through local currency loans therefore FMO will provide a local currency tranche equivalent to US$ 10million.
Why do we fund this investment?
Together with TPC, FMO hopes to contribute to and continue to support in reaching out to the financially underserved in rural Cambodia.
More investments
| Date | Total FMO financing |
|---|---|
| 7/10/2020 | USD 5.00 MLN |
- Website customer/investment
- http://www.tpc.com.kh
- Region
- Asia
- Country
- Cambodia
- Sector
- Financial Institutions
- Effective date
- 7/14/2015
- End date
- 8/10/2017
- Total FMO financing
- USD 10.00 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) - C