This project finances a senior debt package to Amret Company Limited to support its lending program for a pipeline of micro-finance and agricultural projects in the country in order to improve access to finance for productive micro-entrepreneurs with a strong focus in agribusiness.
The proposed investment consists of up to USD 7 million of A Loan for IFC’s own account, and up to USD 53 million of B/Parallel Loan. Amret Company Limited is a micro-finance institution with a substantial operational network and deep reach in the rural and underserved areas of Cambodia, serving more than 300,000 borrowers as of June 2015 in all 25 provinces in the Country. As a licensed deposit taking institution, it also offers other financial services including checking and saving accounts and fee-based services such as bill payments. Shareholders of Amret Company Limited are Advans Sa Sicar with 52.78%, Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. with 19.99%, La Fayette Participations S.A.S with 4.06%, Botta Co., Ltd. with 3.17% and International Finance Corporation with a 19.99% ownership. Advans SA is an IFC investee registered in Luxembourg and a global partner for microfinance. Advans aims to encourage private enterprises and contribute to poverty reduction in developing and emerging countries, by increasing the supply of high-quality sustainable microfinance services. Advans mainly operates in frontier Asia and African markets.
The Company is a microfinance institution with a substantial operational network and deep reach in the rural and underserved areas of Cambodia, serving more than 300,000 borrowers as of June 2015 in all 25 provinces in the Country. As a licensed deposit taking institution, the Company also offers other financial services including checking and saving accounts and fee-based services such as bill payments.
c/o Mr. Chea Phalarin
Chief Executive Officer
Amret Company Limited
#35BA, St. 169, Veal Vong, 7 Makara,
Kingdom of Cambodia
Tel: (855) 23 880 942
Fax: (855) 23 881 342
ACCOUNTABILITY MECHANISM OF IFC
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