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CONTENT
I. Amret MFI- Brief Biography II. Bio-digester Development
1. 2. 3. 4. Story Bio-digester Credit Facility Bio-digester Loan Performance Key Challenges and Overcomes
I. AMRET MFI
Founded in 1991 as a project under GRET, a French NGO, for delivering microcredit (Solidarity Credit) to the rural population of Cambodia. In 1996, GRET helped transforming the project to become an NGO, called EMT, Ennatien Moulethan Tchonnebat, which means rural microcredit. In 2001, EMT registered as MFI from the National Bank of Cambodia (NBC). In 2004, ETM officially changed to Amret, in local language conveys the notions of prosperity, sustainability and happiness. In 2009, Amret was the first microfinance institution to receive a Micro Deposit-taking Institution (MDI) license from the National Bank of Cambodia for collecting deposit from public.
Mission
"To provide a wide range of financial services for low income people as well as micro, small and medium enterprises while at the same time achieving a high level of financial and social performance".
Item
Operating
Description
o Offices: 98 o Provincial coverage, including Phnom Penh Capital: 17/24
o Total staff: 2,366 o Credit (Individual Credit, Solidarity Credit, Biodigester Credit) o Deposit (Saving and Fixed Deposit) o Inter-branch Money Transfer (IMT) o Loan outstanding: USD 129.3 million o Number of active borrower: 287,903 o Portfolio quality: PAR (>30 days) = 0.10% o Balance of Saving: USD 77.3 million o Number of Account: 73,404
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Staff Products
Target Clients
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Note: from our observation, there is less rejection of the loan applications so far. Those rejections mainly due to the households cannot fulfil our requirement, basically no sustainable source of income for loan repayment.
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Loan Accounts increased sharply in 2010 (613%) and 2011(165%), but it looked slow for 9 months of 2012 due to the down season (raining) during the Q2&3. Among the total bio-digester plants of 4,826 constructed (of which 3,034 are funded via loan), Amret lent 1,782 plants (about 59% of total plants funded via loan, or about 37% of total plants constructed). (NBP Annual Report 2011) 12 PAR for this loan is almost Zero!
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Less motivation of sale staff due Direct incentive offering (3USD per plant) Indirect incentive base on their loan to less incentive portfolio and portfolio quality.
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