Chamroeun Microfinance PLC
Status: Approved 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
Chamroeun Microfinance Plc (CMP) is a regulated microfinance institution in Cambodia. Chamroeun’s main product offering consists of small productive loans. Chamroeun currently operates in 15 provinces, has 21 branches, employs over 370 staff members and has Total Assets amounting to over USD 40 million as per year end 2021.
What is our funding objective?
FMO will support Chamroeun in quantifying and qualifying how income-levels of Chamroeun’s borrowers have evolved over three distinct timeframes: pre-covid, during covid and post-covid. The second objective is to help Chamroeun in understanding what operational responses and potential client protection risks have arisen linked to the inability of these borrowers to meet their loan repayments.
Why do we fund this investment?
The realization of the proposed market study will help Chamroeun understand what is driving rising delinquency levels so that they can adapt their responses in a way which meets the realities of their borrowers’ stress, but also inform their stakeholders. This is crucial for FMO in the context of a saturated market, an overall narrative of alleged economic recovery, and reputational risk generated by NGOs concerned with consumer protection risks in Cambodia.
More investments
| Date | Total FMO financing |
|---|---|
| 8/9/2022 | USD 5.00 MLN |
- Region
- Asia
- Country
- Cambodia
- Sector
- Financial Institutions
- Publication date
- 2/29/2024
- Effective date
- 11/17/2023
- Total FMO financing
- EUR 0.02 MLN
- Funding
- MASSIF
-
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