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 our long-standing client and a reputable, professionally run deposit-taking microfinance institution in Cambodia. They are the second largest MFI reaching 500,000 clients that are mainly active in agriculture and trade with 70% of loans advanced to female entrepreneurs. Shareholders include Advans (52%), FMO (19.9%) and IFC (19.9%).
What is our funding objective?
Given the challenging times as a result of the Covid-19 crisis, we are providing Amret a USD 25m credit line to ensure sufficient liquidity to meet their customer needs.
Why do we fund this investment?
Cambodia is a low-income country and through Amret we can reach the lower segment of the market and increase the level of financial inclusion.
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 |
| 5/2/2022 | USD 11.00 MLN |
| 4/20/2021 | USD 5.00 MLN |
| 5/2/2019 | USD 10.00 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
- 6/30/2020
- End date
- 7/26/2022
- Total FMO financing
- USD 12.50 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