• Cambodia
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 26, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Education and Health
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jun 28, 2021

Disclosed by Bank Jun 19, 2020

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Project Description

According to IFC website, the proposed project entails an IFC investment of up to US$50 million in a senior loan, consisting of an up to US$25 million IFC A Loan and an up to US$25 million B Loan to Amret Plc. with at least 30 percent of the loans expected to be used on women and women-owned micro, small, and medium enterprises (MSMEs)  in Cambodia. The investment aims to support the Company’s working capital lending program to Cambodian MSMEs that have been impacted by Covid-19 (the Project), particularly those in the garments, tourism and construction sectors, and will be supported by an IDA Private Sector Window (PSW) Blended Finance Facility.

Investment Description
  • International Finance Corporation (IFC)
Financial Intermediary
A financial intermediary is a commercial bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds.
Private Actors
Private Actors Description

Amret is a leading microfinance deposit taking institution (MDI) in Cambodia that has been providing financial services for nearly 30 years to low-to-middle-income populations as well as MSMEs, with a focus on agriculture and rural areas. The Company which was launched in 1991 and obtained a license to operate as a deposit-taking MFI in 2009 has grown its asset base to US$1.2bn as of April 2020. It provides a wide range of financial services to more than 510,000 clients and has a substantial operational network and reach in rural and underserved areas.

Amret is majority owned and controlled by Advans S.A, SICAR (Advans) with a 52.78% shareholding. Other shareholders include IFC and FMO with 19.99% shareholding each and La Fayette Participations S.A.S and Botta Cambodia with 4.06%, 3.17% shareholding respectively. 

Contact Information

Amret Plc.
Dos Dinn
Chief Executive Officer
+855 023 880 942
80, St.315, 7 Village, Boeng Kak 2 Commune, Toul Kouk District, Phnom Penh


The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/