#69, Street Berk Thmey, Sangkat Tom Nop Tek, Khan Chamkarmon,
Phnom Penh Kingdom of Cambodia
Tel / Fax: (+855) 23 219 406, Email: [email protected]

Welcome to Cambodia Microfinance Association

PRESS RELEASE

Fern Software announces official partnership with Cambodia Microfinance Association

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SINGAPORE – 30 June 2016 – Fern Software, a leading provider of banking software for inclusive financial institutions worldwide, has announced a partnership agreement with Cambodia Microfinance Association (CMA), a non-governmental organisation and professional association of the microfinance sector in Cambodia.

With a vision to create a sustainable financial system for all Cambodian citizens, Cambodia Microfinance Association has been facilitating operations and cooperation between its members and the stakeholders of the rapidly growing Cambodian microfinance industry since their establishment in 2002.

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As an official Management       Information System Service Provider    accredited by Cambodia Microfinance       Association, Fern Software will be able to  expand its outreach, diversify CMA members’ product offerings and help establish stronger and more sustainable   businesses in Cambodia through the use of Fern’s functional and flexible core banking solutions.

“Our partnership with CMA recognises our long history serving the MFIs of Cambodia, and provides the microfinance institutions in the country with the opportunity to take advantage of Fern’s market-leading Abacus solution in order to grow their businesses and provide significant social impact to the unbanked population of Cambodia” said Debbie Watkins, Managing Director, Fern Software APMEA.

“We are very happy that we could collaborate with Fern Software to bring the best core banking system ‘Abacus’ to Cambodia for supporting to the MFIs as its members. We hope that through this software, the financial institutions will be confident that their core banking system will be supported long into the future, and will continue to evolve with changes in technology and advances in ways of doing business because Fern Software has specialized in the provision of banking software since 1979, with customers in more than 25 countries.”

“Based on 37 years’ experience, Fern understands clearly the importance of delivering an effective and efficient solution that has sufficient flexibility and functionality to adapt to a financial institution as it changes over time, and that will support its long-term success.” said Mr. Yun Sovanna, General Secretary, Cambodia Microfinance Association.

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This latest partnership with Cambodia Microfinance         Association expands Fern Software’s growing network     of regional partners in Asia Pacific, Middle East and       Africa, and complements its offices in the UK, Canada,   Singapore, Australia and India.

 

About Cambodia Microfinance Association

The Cambodia Microfinance Association (CMA) is an NGO and professional association that aims to ensure the prosperity and sustainability of the microfinance sector in Cambodia. CMA plays a vital role in creating local and international networks as well as seeking equity and loan funds, new technologies and overseeing conflict resolution between microfinance operators.

For more information about CMA, please visit www.cma-network.org

About Fern

Fern Software is a leading provider of banking software for inclusive financial institutions (microfinance institutions, credit unions, SME lenders and development banks). With offices and partner organisations spanning the six continents, Fern Software continues to grow in a number of areas, picking up regional and global awards for our financial solutions and outstanding quality of service.

Fern Software is committed to helping our customers build strong and sustainable businesses while supporting the full participation of lower income households in the financial system. Our goal is helping improve operations, and developing new products that meet client needs, while supporting economic development.

 

For more information and enquiries about Fern Software, please visit www.fernsoftware.com or email [email protected]

 

PRESS RELEASE

Morakot Technology joins forces with Cambodia Microfinance Association (CMA) to better serve MFI members in the area of MIS (Core Banking Systems)

      

A Memorandum of Understanding signing ceremony for the new partnership between Morakot Technology and Cambodia Microfinance Association (CMA) was held on 22 June 2016 at CMA office, Phnom Penh.  The purpose of this MOU is to serve the needs of Cambodia’s MFIs in fulfilling their services to their customers at large through personalized Banking Software called Morakot VB Software.

“The collaboration will better serve CMA’s members in her areas of MIS (Core Banking System) for each of MFI members. Morakot VB software is web-based system which requires only central server to be installed. The CMA report generation will be automatically done by Morakot System. The system is fully integrated with Accounting, CBC system and full set of NBC regulation and reports” said Mr Khuon Sophorth, CEO and Co-Founder at Morakot Technology

The Cambodia Microfinance Association (CMA) is an NGO and professional association that aims to ensure the prosperity and sustainability of the Microfinance sector in Cambodia. It plays a vital role in creating local and international networks as well as seeking equity and loan funds, new technologies and overseeing conflict resolution between Microfinance operators. By March 2016, it has 70 members including 58 active members and 12 ordinary members who provided financial services to about 2,366,030 clients with amount of loan outstanding USD 4,345.59 Million (CMA NIX, March 31, 2016). For more information about CMA, visit: www.cma-network.org

Morakot technology is specialized software Development Company focusing on financial software. After more than 10 years of work experiences in Microfinance and Bank, a team of 3 decided to form Morakot in the mid of 2014. As of 31 May 2016, Morakot has served 14 financial institutions (4 MFIs, 1 Leasing Company and 9 Credit Operators). Morakot VB is built by the subject mater expert in Microfinance and Banking business. Morakot VB Software is designed and developed for different size of financial institution such as Credit Operator, Leasing Company, Microfinance, Specialized Bank and Commercial Bank. Morakot VB support multi-branch, multi-currency with full accounting integrated.

Morakot Technology has always integrated advanced technology into its project, which allows a more efficient and cost-effective system. It introduces cloud service for MFIs who wants to minimize the investment cost on Server and Network Infrastructure. The MFIs could have their system hosted at the affordable cloud server. They can work from any where and any time with internet connection.

“At Morakot Technology, we know what should be the right way to do thing. We make it shorter/faster and ultimately, we make it simple. Providing a best user experience is part of the core values.” said Mr Khuon Sophorth, CEO and Co-Founder at Morakot Technology. For more information about Morakot, visit: www.morakot.it

Download PDF file:  application/pdf icon MOU Press Release  23 June 2016V2

PRESS RELEASE

                                                          

AMRET the Microfinance Institution in Cambodia Certified for Commitment to Client Protection

17th June 2016, AMRET has been 100% officially recognized as “Client Protection Certified” by the Smart Campaign for meeting strong standards of client care. AMRET is financial institution in Cambodia to be awarded this prestigious certification out of the 10 MFIs pursuing such recognition funded by French Development Agency (AFD) under the “Client Protection Initiative” project implemented by Cambodia Microfinance Association (CMA) thank to M-CRIL as the rating agency. For more information about M-CRIL, visit: www.m-cril.com

Client Protection initiative is aiming to contribute to the stability and promotion of responsible finance with a view to ensuring a sustainable growth for the microfinance sector in Cambodia. Among several actions aimed at fighting against the risk of clients’ over-indebtedness, CMA is disseminating and ensuring the implementation of the Client Protection Principles (CPPs) in which CMA has been supporting top 10 MFIs in Cambodia to achieve Client Protection Certification through Smart Campaign.

The Smart Campaign is a global initiative which exists to ensure strong client-protection practices in the microfinance industry. The Smart Campaign’s Client Protection Certification program publicly recognizes institutions providing financial services to low-income households, whose standards of care uphold the Smart Campaign’s seven Client Protection Principles covering important areas such as pricing, transparency, fair and respectful treatment and prevention of over-indebtedness. The certification program contains a rigorous set of standards against which institutions are evaluated by independent, third-party raters that are licensed by the Smart Campaign. More information about Smart Campaign, visit: www.smartcampaign.org

In order to meet the strict guidelines outlined by the Smart Campaign for certification, AMRET worked under the overall coordination of CMA and AFD with the Technical Assistance from Smart Campaign and Microfinanza Srl over the past year. Microfinanza Srl provided technical assistance in the areas of: financial client protection, poverty measurement and reporting and financial capability development of clients.

It is our privilege to receive CPP certificate in June 2016”, said Mr. Chea Phalarin, Amret’s CEO”. With this achievement, Amret will continue to strengthen on its products and services to serve customers better and to create positive impact to the society. We believe that, MFI industry would be healthier and sustainable if more MFIs receive CPP certificate and this will also contribute to economic development. We would like to thank AFD, CMA, Smart Campaign and other relevant stakeholders to promote and support CPP certificate campaign.

Mr. Yun Sovanna, General Secretary of CMA, said: “I congratulate AMRET for this historic achievement, and strongly believe that together with the remaining MFIs under this initiative, they are becoming the champion for the other MFIs on pathway toward Smart Certification. I’d love to thank to AFD for the financial support and my colleague, Mr. Ear Techkung, as the project manager for overall project coordination, and I am proud of our chairman who always contribute to the best achievement of CMA and the project so far”.

About AMRET

Amret is a leading micro-finance institution in Cambodia. Historically Amret began its microcredit activity in 1991 through a project run by GRET, a French NGO. Initially a village-banking operation Amret evolved from 1995 onwards towards a direct credit approach and in 2000 it transformed into a private limited company. Since 2009, Amret has become a Microfinance Deposit – Taking Institution (MDI) and has successfully implemented deposit solutions in USD and local currency.

Amret is backed by international development finance institutions IFC and FMO and is part of the Advans group, an international network of finance institutions presents in 9 countries across Africa and Asia. Amret endeavors to achieve a high level of financial and social performance and promote sustainable economic development. For more information about Amret, visit: www.amret.com.kh

About Cambodia Microfinance Association (CMA)

The Cambodia Microfinance Association is an NGO and professional association that aims to ensure the prosperity and sustainability of the microfinance sector in Cambodia. CMA plays a vital role in creating local and international networks as well as seeking equity and loan funds, new technologies and overseeing conflict resolution between microfinance operators. For more information about CMA, visit: www.cma-network.org

About French Development Agency (AFD)

AFD is a public development finance institution 100% hold by the French State that has been working to fight poverty and foster economic growth in developing countries and overseas territories for more than seventy years. In Cambodia since 1993, AFD has been supporting the microfinance sector as from the beginning for an accessible and inclusive finance. For more information about AFD, visit: www.afd.fr/lang/en/home

About Microfinanza Srl

Microfinanza Srl is an Italian consulting company and a pioneer with more than 15 years of experience in providing consultancy services and technical support in the microfinance sector. It aims to provide expertise and innovative solutions for the development of the sector and to support the growth and professionalization of microfinance institutions. For more information, visit: www.microfinanza.com

Download PDF file:  application/pdf icon Press Release on AMRET achievement 21 06 2016 V2

 

PRESS RELEASE

                     

SATHAPANA Bank PLC. (SPN) and Vision Fund Cambodia (VFC) the Second bank/Microfinance Institution in Cambodia Certified for Commitment to Client Protection

02nd May 2016, SATHAPANA Bank PLC. (SPN) and Vision Fund Cambodia (VFC) have been 100% officially recognized as “Client Protection Certified” by the Smart Campaign for meeting strong standards of client care thanks to M-CRIL as the Certifier. SPN and VFC both are the second financial institution in Cambodia to be awarded this prestigious certification out of the 10 MFIs pursuing such recognition funded by French Development Agency (AFD) under the “Client Protection Initiative” project implemented by Cambodia Microfinance Association (CMA). For more information about M-CRIL, visit: www.m-cril.com

Client Protection initiative is aiming to contribute to the stability and promotion of responsible finance with a view to ensuring a sustainable growth for the microfinance sector in Cambodia. Among several actions aimed at fighting against the risk of clients’ over-indebtedness, CMA is disseminating and ensuring the implementation of the Client Protection Principles (CPPs) in which CMA has been supporting top 10 MFIs in Cambodia to achieve Client Protection Certification through Smart Campaign.

The Smart Campaign is a global initiative which exists to ensure strong client-protection practices in the microfinance industry. The Smart Campaign’s Client Protection Certification program publicly recognizes institutions providing financial services to low-income households, whose standards of care uphold the Smart Campaign’s seven Client Protection Principles covering important areas such as pricing, transparency, fair and respectful treatment and prevention of over-indebtedness. The certification program contains a rigorous set of standards against which institutions are evaluated by independent, third-party raters that are licensed by the Smart Campaign. More information about Smart Campaign, visit: www.smartcampaign.org

In order to meet the strict guidelines outlined by the Smart Campaign for certification, SPN and VFC worked under the overall coordination of CMA and AFD with the Technical Assistance from Smart Campaign and Good Return over the past year. Good Return provided technical assistance in the areas of: financial client protection, poverty measurement and reporting and financial capability development of clients.

Mr. Yun Sovanna, General Secretary of CMA, said: “I congratulate SPN and VFC for this historic achievement, and strongly believe that together with the remaining MFIs under this initiative, they are becoming the champion for the other MFIs on pathway toward Smart Certification. I’d love to thank to AFD for the financial support and my colleague, Mr. Ear Techkung, as the project manager for overall project coordination, and I am proud of our chairman who always contribute to the best achievement of CMA and the project so far”.

About SATHAPANA Bank Plc.

SATHAPANA Bank Plc. was established as a Cambodian non-government organization (NGO) in 1995, under the name of Cambodia Community Building (CCB), to offer financial and health education services to poor communities. After financial grants were finished in late 1999, CCB adopted a minimalist microfinance approach focusing purely on credit loans and saving services. As a result, the lending operations shifted gradually from predominantly village banking group loans to a mix of solidarity group lending and individual lending. The CCB put forth its efforts to transform into a licensed microfinance institution.

The CCB registered at Ministry of Commerce in February 2003 with the new name “Cambodian Entrepreneur Building Limited.” In April 2003, CEB obtained a license of microfinance institution from the National Bank of Cambodia. The name of company was changed to Sathapana Limited (SPN) with Reachasey, the king of animals as its logo in 2008. Sathapana Limited was the first MFI to obtain deposit taking license from the National Bank of Cambodia in January 2009. Sathapana merged with MARUHAN Japan Bank to form a big commercial bank in Cambodia, and the company received a commercial banking license from National Bank of Cambodia in March 2016. SATHAPANA Bank Plc. is providing saving, loan, remittance, ATM products and many other banking services.

For more information about SATHAPANA Bank Plc., visit: www.sathapana.com.kh

About Vision Fund Cambodia

Vision Fund is a social leading Microfinance Institution (MFI) in Cambodia and the only licensed Microfinance institution that has a global network of more than 30 countries with mission to brighter future for children, empower families to create income and jobs, and unlock economic potential for communities to thrive.

As of April 2016, Vision Fund Cambodia has 111 provincial and district branches covering in 25 provinces, 144 districts, and 1,550 communes. We employed over 1,500 highly trained employees and maintained a loan portfolio of over US$133 million. We serve over 260,000 borrowers mainly in rural communities. Vision Fund Cambodia has contributed to numerous communities and educational projects in Cambodia as a result more than 840,000 children have been positively impacted. For more information about Vision Fund Cambodia, visit: www.visionfund.com.kh

About Cambodia Microfinance Association (CMA)

The Cambodia Microfinance Association is an NGO and professional association that aims to ensure the prosperity and sustainability of the microfinance sector in Cambodia. CMA plays a vital role in creating local and international networks as well as seeking equity and loan funds, new technologies and overseeing conflict resolution between microfinance operators. For more information about CMA, visit: www.cma-network.org

About French Development Agency (AFD)

AFD is a public development finance institution 100% hold by the French State that has been working to fight poverty and foster economic growth in developing countries and overseas territories for more than seventy years. In Cambodia since 1993, AFD has been supporting the microfinance sector as from the beginning for an accessible and inclusive finance. For more information about AFD, visit: www.afd.fr/lang/en/home

About Good Return

Established in 2003, Good Return is a non-profit organization that works across the Asia Pacific to deliver economic and social development programs for the financially and socially excluded. Sharing with others the vision of a world without poverty, Good Return is proud to be one of the leading supporters of financial inclusion across the Asia Pacific region. Good Return is an affiliate of World Education, and has its head office in Sydney, Australia. For more information about Good Return, visit: http://programs.goodreturn.org

Download PDF file:  application/pdf icon Press Release on SPN and VFC achievement

PRESS RELEASE

OKNHA HOUT IENGTONG ELECTED CHAIRMAN OF BOARD OF DIRECTOR OF CAMBODIA MICROFINANCE ASSOCIATION

Phnom Penh, 04 March 2016 – Today, Cambodia Microfinance Association (CMA) organized its 10th Annual General Assembly (AGA) which was attended by 62 representatives of its members to review the achievements of the previous year and discuss work plan for 2016. The 10th AGA elected new Chairmen and Members to the Board of Director (BoD) for the mandate of 2016-2017. Oknha Dr. Bun Mony, who has served for two consecutive terms limit (2012-2013, 2013-2015) as Chairman of the Board of Director, did not stand again. Please find the list of the compositions below:

   Oknha Hout Iengtong   

Hattha Kaksekar Limited

Chairman of the BoD
               Mr. Kea Borann                
AMK Microfinance Plc.
Vice-chairman of the BoD
Mr. Chea Phalarin
Amret Microfiance Institution
Members of the BoD
Mr. Soung Engchhay
KREDIT Microfinance Institution
Members of the BoD
Mr. Sok Voeun
LOLC (Cambodia) Plc.
Members of the BoD
Mr. Sim Senacheert
Prasac Microfinance Institution
Members of the BoD
Mr. King Kap Kalyan
Samic Plc.
Members of the BoD
Oknha Dr. Bun Mony
Sathapana Limited
Members of the BoD
Mrs. Top Sok Samphea
VisionFund (Cambodia) Ltd
Members of the BoD
Mrs. Khun Sonita
YCP
Members of the BoD
Mr. Hun Sopheak
Woori Finance (Cambodia) Plc.
Members of the BoD

For future communication and further information, please contact the Secretariat of CMA via information below.

Download PDF file:  application/pdf icon PRESS RELEASE Annual General Assembly 2016

 

Annual microfinance conference 2015

The annual microfinance conference 2015 under the main theme “Healthy Growth for Sustainable Development” on 23 December 2015 in Preah Sihanouk Province was officially opened at 8.30 am with 149 (women=20) eminence leaders and representatives from MFIs, Financial Institutions, Regulators and Government, and from investors and other key stakeholders.

The Annual Microfinance Conference held with three main objectives:

  1. To provide forum for discussion on the critical elements affecting the growth and development of Cambodia’s microfinance sector and the economy
  2. To encourage strong professionalism in microfinance sector and revitalize Institutions’ social goals
  3. To debate and instill highly responsible and healthy growth strategy across the Microfinance sector

 

Download PDF file:  application/pdf icon CMA Cofference_report

Download PDF file:  application/pdf icon CMA Chairman Opening Speech for annual workshop 2015

Download PDF file:  application/pdf icon H.E Ouk Maly Speech 

Download PDF file:  application/pdf icon H.E Chou Vanak speech

 


LATEST DATA FOR CAMBODIAN MICROFINANCE

Monday, 8 Aug 2016 (Updated)
N& MFIs 70 MFIs 78 MFIs
Loan $3,199.82 $3,265.57
Borrower 2,039,305 2,073,289
Deposits $1,464.65 $1,750.85
Depositor 1522548 1607405
Figure Q1/2016 Q2/2016

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