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AMRET: A loan to promote access to banking services for rural populations in Cambodia
Project
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Signature date
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Location
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Cambodia
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Financing tool
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Financing amount (Euro)
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9157509.16
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Financing details
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USD 10m loan
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Customer
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AMRET
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Type of customer
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Microfinance
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Country of headquarters
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Cambodia
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Project number
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PKH1036
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Environmental and social ranking
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IF-C
With over 300,000 clients and a network of 127 branches, AMRET is one of the largest microfinance institutions in Cambodia. Its development will increase access to credit and employment for populations who have little access to banking services.
Client presentation
AMRET is a Cambodian microfinance institution which came into being through an experimental project to develop solidarity credits in rural areas launched by GRET in 1991 and already supported by AFD Group back in 1996. It is today one of the main microfinance institutions in Cambodia, both for the number of clients and the scale of its network. AMRET offers a wide range of credits and deposits, savings accounts and term deposits. AMRET has over 304,000 clients. It relies on a network of 127 branches covering 25 provinces in Cambodia and over 11,000 villages.
Project description
Proparco’s loan will support AMRET’s development, in unbanked areas or with microenterprises and SMEs.
Project impact
This operation will scale up access to credit for populations excluded from traditional sources of financing, in particular in rural or semi-rural areas. It will thereby support job creation and improve incomes for clients and their families. In addition, the operation will contribute to creating jobs in the institution (9,560 employees by 2020). It will also contribute to rural development in Cambodia.