• Cambodia
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 26, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. 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, this amount is converted to USD ($) on the date of disclosure. 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
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed 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
Here you can find a list of individual development financial institutions that finance the project.
Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

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
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

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/

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