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SAMIC‐Limited
Cambodia at Glance As of December 2008
• GEOGRAPHY• ‐AREA: 181,035 KM2
• ‐LOCATION: BORDERED BY THAILAND, LAOS, AND VIETNAM
• ‐NUMBER OF PROVINCE: 24• ‐CAPITAL CITY: PHNOM PENH• ‐WEATHER: MONSOON (TROPICAL WET
AND
DRY)• POPULATION• ‐
POPULATION: 13.4 MILLION
• ‐
FEMALE: 51.5%• ‐
POPULATION LIVE IN RURAL AREA: 80.5%
‐
KHMER (90%), AND SOME CHINESE, • VIETNAMESE, CHAMS, BURMESE, • AND
HILL
TRIPS
Cambodia at Glance
• ECONOMY
• ‐
EXCHANGE RATE: KHR4,200/USD
‐
GDP: USD 739 (2008)
‐
GDP GROW: 6% (2008)
‐
INFLATION: 7.5% (2008)
• ‐
CHIEF PRODUCTS: RICE, RUBBER, GARMENT,
WOOD, CORN, FISH
History & Revolution of MFI sector in Cambodia
1993-2000 2000-2008
Started in 1993
No law & regulation
Run as an NGOs (not financially
sustainable)
80% of loan were to women in
group lending
Interest charged was high
lack of skills and expertise to
assess loan
No proper loan monitoring
Lack management system
Results in high loan loss
Got technical and credit
support from ADB and FDA
Microfinance reform and the
law were established
NBC addressed the issue of
interest charged on micro
loans
NGO transformed to licensed
MFI having self‐
financial
sustainability
MFI started building
managerial and credit skill
Attract more investors
NATIONAL BANK OF CAMBODIA
NATIONAL BANK OF CAMBODIA
24 Commercial Banks
24 Commercial Banks
21 NBC Branches
21 NBC Branches
MFIsMFIs
3 Foreign
Branch Banks
3 Foreign
Branch Banks
1 State owned
1 State owned
5 Privately
owned
5 Privately
owned
21 Locally
incorporated
21 Locally
incorporated
20 Licensed20 Licensed
Money
Changer
Money
Changer25 Registered25 Registered
NGOsNGOs
2 Representative
Offices
2 Representative
Offices
Registered 3.987
Unregistered around 60 NGOsUnregistered around 60 NGOs
6 Specialized Banks
6 Specialized Banks
‐7‐
No MFIs Province Loan O/S Clients Deposits Depositors
1 ACLEDA 24 172,204,356 219,840 653,878,130 572,118
2 Prasac 17 56,038,640 84,974 158,657 2,002
3 Amret 14 52,837,019 227,614 1,682,753 2,436
4 Sathapana 16 35,721,066 35,589 2,477,610 21,866
5 HKL 11 27,740,979 40,917 1,416,572 47,289
6 AMK 24 24,970,845 210,959 154,392 8,021
7 CREDIT 10 20,044,803 37,606 578,086 2,568
8 VFC 14 19,757,197 94,575 91,994 67
9 TPC 16 16,610,570 90,266 112,855 4,070
10 SILANITHIH 7 5,768,003 9,065 384,741 9,375
11 Samic 7 4,592,790 10,353 28,042 4,527
12 IPR 6 3,823,681 4,122 0 0
13 EAP 6 1,749,747 202 0 0
14 MAXIMA 2 1,437,982 2,281 0 0
15 FUDF 4 1,437,500 2,545 0 0
16 CBIRD 5 1,232,792 2,199 117,347 2,402
17 GCMF 6 1,083,571 761 0 0
18 First Finance 2 272,457 27 0 0
19 FF 1 199,473 62 41,667 62
20 TFMF 2 92,902 277 0 0
TOTAL 448,171,198 1,080,093 661,260,972 696,797
As of Sept 2009
Vision and Mission
Background
-
Currently, our new name is SAMIC
-
CHC was created in March 1994 for responding to the public health problems in Cambodia.
-
In October 1994, CHC began implementing rural credit program as part of an approach to reduce TB prevalence by
reducing poverty.
-
8th July 2005 got license as a limited company from MoC
-
14th September 2005 got MFI license from NBC
-
18th
September 2008 got permanent license from NBC
CHC Governance Structure
Source of Funds
• OXFAM AMERICA
: GRANTOR (SINCE 94‐04)
• CRS
: LENDER (FROM 2002)
• RDB
: LENDER (FROM 2005)
• OIKOCREDIT
: LENDER (FROM 2006)
• ETIMOS
: LENDER (FROM 2006)
• MICROCREDIT ENTERPRISE : LENDER (FROM 2008)
• NORFUND
: LENDER (FROM 2008)
• DWM
: LENDER (FROM 2008)
• BLUEORCHARD
: LENDER (FROM 2008)
• PLANIS
: LENDER (FROM MAR 2009)
‐12‐
Position Dec‐05 Dec‐06 Dec‐07 Dec‐08 Sept‐09
Phnom Penh 9 15 23 31 36
Kampot 15 25 28 34 35
Kaep ‐ ‐ ‐ 8 8
Sihanouk Ville ‐ 7 11 21 22
Kandal ‐ ‐ 6 8 8
Siem Reap ‐ ‐ ‐ 10 10
Total 24 47 68 112 119
‐13‐
Field staffs include CREDIT AGENTS, CREDIT SUPERVISORS, AND COLLECTORS only.
‐14‐
Loan Products
• VILLAGE BANK LOAN: 100,000 –
1,000,000 RIELS
25 USD ‐
250 USD
• GROUP SOLIDARITY LOAN: 400,000 –
2,000,000 RIELS
100 USD ‐
500 USD
• INDIVIDUAL LOAN: 1,000,000 –
4,000,000 RIELS
250 USD ‐
10,000 USD
• EMERGENCY LOAN: 500,000 –
4,000,000 RIELS
125 USD ‐
5,000 USD
Village Bank Loan
• GROUP:
2‐10 GROUPS ( 3‐7 MEMBERS PER GROUP)
• ELECT VILLAGE BANK OFFICERS:
CHIEF, SECRETARY , & TREASURER
• BENEFICIARY TRAINING:
45 MINUTES ON LENDING CONDITIONS,
VB RULES, SAVING, MEADA PROGRAM,
FAMILY PLANNING, ETC.
• MONTHLY MEETING‐
ALL VBS MEMBERS & TO REFRESH THEM THE LENDING CONDITIONS AND CREDIT WITH
EDUCATION PROGRAM
• LOAN DURATION:
4‐12 MONTHS (BALLOON/DECLINING PAYMENT)
• INTEREST RATE:
3.20%/MONTH
• VOLUNTARY SAVINGS:
MINIMUM OF 1,000 RIELS (EQUIVALENT
TO
0 25 USD)
MONTHLY
Group Solidarity Loan
• TERMS AND CONDITIONS- GROUP GUARANTEE/GROUP PRESSURE
(OPTIONAL)- FORM A GROUP FROM 2 TO 7 MEMBERS- COLLATERAL (IS PREFERRED)- DURATION: FROM 4 - 12 MONTHS- INTEREST RATE : 3%/ MONTH
• REPAYMENT METHOD :- DECLINING PAYMENT & BALLOON PAYMENT
METHOD1717
Individual Loan cont.
• TERMS AND CONDITIONS
‐
GUARANTOR
‐
COLLATERAL
‐
DURATION: FROM 4 ‐
24 MONTHS
‐
INTEREST RATE : 2 ‐
3%/ MONTH
• REPAYMENT METHOD :
‐
DECLINING PAYMENT & BALLOON PAYMENT METHOD
18
OPERATION REPORTS
ACTIVITIES DEC 05 DEC 06 DEC‐07 DEC‐08 SEP‐09
Net Loan O/S $506,602 $1,091,495 $1,774,02 3
$4,775,209 $4,592,79 0
Clients‐
Individual
‐
Group
3,3701,0892,281
4,4521,6892,763
6,2942,2674,027
10,3403,6406,700
10,3533,9566,397
Operation Area‐
Cities
‐
Provinces‐
Districts
‐
Communes‐
Villages
121459128
312188216
3220116304
3327161512
1528175594
19
20
Samic OfficeOperation areaNon-operation area
L/O BREAKDOWN BY TYPES OF LOAN
21
L/O BREAKDOWN BY TYPES OF CURRENCIES
‐23‐
SIEM REAP PROVINCE
• Population: 456,461• No of Households: 180,743• Urban: 23.77%• No of Districts: 12• Chief of Products: Tourist
industries, Rice mills, and Fisheries
SIEM REAP BRANCH
• Operational Date: Feb‐08• Operational Outreach: 3
districts, 18 communes, 88 villages
• No of Staffs: 10
BRANCH STRUCTURE
Trend of Net Loan Outstanding
Trend of Clients
Trend of PAR Ratio
Souvenir and Decoration
Heng Sunpov, Female, Siem Reap province, borrow $1,000 to expand
her
businesses. The repayment method is declining within 12 months.
Ice Grinning and Gas distribution
Chea Sinath, Female, Siem Reap province, borrow 2,000,000 KHR
(equivalent to 500 USD) to fulfill her business cash flow and expansion.
The repayment method is declining within 12 months.
Khmer Cheese and other kinds of foods
Eath Sarem, Female, Siem Reap province, borrow $4,000 to buy more
fishes to supply the demands at the few provinces beside Siem Reap. The
repayment method is declining within 12 months.
Motor Repairing and Spare Part change
Mith Kakvey, Male, Siem Reap province, borrow $1,500 to reside motor
spare parts more. The repayment method is declining within 12 months.
Raw material for construction supplies
Krud Lab, Female, Siem Reap province, borrow $5,000 to reside more
materials to supply the huge demand. The repayment method is
declining within 18 months.
All Plastic Supplies are available here
Beng Ravy, female, Siem Reap province, borrow $8,000 to import more
plastic and other products. It is her 2nd
cycle and this time, she decides to
repay as declining method.
SculptureKhun Savin, Female, Siem Reap province, borrow $1,000 to buy raw
materials for their sculptural businesses and start a new business‐
grocery selling. The repayment method is declining within 12 months.
Thanks
WWW.SAMIC.COM. KH