XM-DAC-903-SII-32141
International Finance Corporation
Prasac Snr Loan
The Project is to provide a senior loan to Prasac MFI Ltd. (Prasac/ the MFI), a growing MFI in Cambodia, to support them in providing micro finance solutions to over 126,000 small businesses and individuals (over half which are women) in Cambodia. Through this project, we aim to support the MFIs the long-term fund raising strategy and also set a positive demonstration impact for other lenders to do the same. The proposed project consists of a senior loan of up to US$5 million with maturity of up to 7 years (grace period of up to 3 years). The loan aims to help Prasac support its loan growth which has been steadily increasing.
- Increasing access to credit: The proposed investment in Prasac is expected to improve access to credit in Cambodia as it will enable Prasac MFI to provide credit to underserved micro finance and retail borrowers. - Specific indicators that will be used to monitor the development impact of the Project include: growth in portfolio; growth in number of borrowers; growth in number of women borrowers; ROE & EROE, outreach indicators (branches).
PRASAC MICROFINANCE INSTITUTION PLC
c/o Mr. Sam Senacheert President and CEO Prasac Microfinance Institution Limited No. 25 At 294 & St 57 Boeung Keng Kang I Khan Camkarmon, Phnom penh Kingdom of Cambodia Tel: (855) 23 220 102 Fax: (855) 23 216 362
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
Prasac is headquartered in Phnom Penh, Cambodia. As of December 31, 2011, Prasac operates in 17 branches and 92 sub-branches covering all the 24 provinces, including 182 districts, 1,453 communes, 10,285 villages of Cambodia. Investments can be made throughout Cambodia.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $5.00 million
5000000.00
5000000.00
PRASAC MICROFINANCE INSTITUTION PLC
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/32141/prasac-snr-loan
XM-DAC-903-SII-32207
International Finance Corporation
ACLEDA SME loan
The proposed investment consists of a US$ 10 million credit line to ACLEDA Bank (ACLEDA) with a 5-year maturity to be used to extend loans to SMEs in Cambodia, with 50% of the financing expected to be directed towards women-owned SMEs. The investment aims to support the continued growth of ACLEDAs SME loan portfolio.
Increase access to credit: The proposed investment in ACLEDA is expected to improve access to credit for SMEs in Cambodia, and in particular to women-owned SMEs.
ACLEDA BANK PLC.
Financial Institution Department (FID) ACLEDA Bank Plc. Headquarters: #61, Preah Monivong Blvd., Srah Chork, Daun Penh, Phnom Penh, Cambodia Tel: 855 23 998 777 / 430 999 Tel: 855 23 998 666 / 430 555
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
ACLEDA is headquartered in Phnom Penh, Cambodia, and has a network of over 230 offices throughout Cambodia. The SME loans will be extended by ACLEDAs branches.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-AH - Commercial Banking - SME Finance
Total: $10.00 million
10000000.00
10000000.00
ACLEDA BANK PLC.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/32207/acleda-sme-loan
XM-DAC-903-SII-32642
International Finance Corporation
CF ACLEDA subdebt 2
The proposed investment consists of a US$ 40 million 7-year subordinated debt to ACLEDA Bank Plc. (ACLEDA Cambodia or the Bank), which is expected to be funded fully through the IFC Capitalization Fund (the Cap Fund), as the proposed project is fully consistent with the Cap Funds objective of supporting a systemic bank that is capable of providing credit to emerging economies but is facing significant challenges to raise capital in international capital/credit markets, due to the global financial crisis. The proposed investment will support ACLEDA Cambodias growth plan of further expanding its branch network in Cambodia and regionally, and continuing to move up market to better serve larger medium SMEs.
(i) Improve access to credit as it will enable ACLEDA to continue providing credit to microfinance and SME clients. (ii) Improve market confidence, as it will enhance prospects of mobilizing additional long term funding from private investors.
ACLEDA BANK PLC.
Financial Institution Department (FID) ACLEDA Bank Plc. Headquarters: #61, Preah Monivong Blvd., Srah Chork, Daun Penh, Phnom Penh, Cambodia Tel: 855 23 998 777 / 430 999 Tel: 855 23 998 666 / 430 555
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
ACLEDA is headquartered in Phnom Penh, Cambodia, and has a network of 260 branches in Cambodia and Lao PDR. The Bank is also planning to expand into Myanmar.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-AC - Commercial Banking - Microfinance
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/32642/cf-acleda-subdebt-2
XM-DAC-903-SII-33206
International Finance Corporation
Prasac Subdebt
The Project is to provide a subordinated debt of up to US$10 million to Prasac MFI Ltd. (Prasac or the MFI), a growing MFI in Cambodia, in order to support them in raising stable long-term funding to provide micro finance solutions to small businesses and individuals (over half of which are women) in Cambodia. Further, it is also to show strong engagement of IFC towards Prasacs development for a potential equity investment opportunity as the timing is adequate. The proposed project consists of Tier II qualified subordinated debt up to US$10 million with maturity of up to 7 years (grace period of up to 3 years)
- Supporting access to credit for Bottom of Pyramid borrowers - Improving market confidence: The proposed debt will not only have a positive impact on Prasac''s capitalization, but also on the market as a whole as it will enhance prospects of mobilizing additional long term funding from other investors - Specific indicators will be used to measure and monitor the development impact of the Project, include additional borrowers, additional women borrowers, additional capital mobilized for lending, ROE & EROE, outreach indicators (branches)
PRASAC MICROFINANCE INSTITUTION PLC
c/o Mr. Sim Senacheert President and CEO Prasac Microfinance Institution Limited Building 212, St. 271, Sangkat Tuol Tompong 2 Khan Chamkarmon, Phnom penh Kingdom of Cambodia Tel: (855) 23 220 102 Fax: (855) 23 216 362 Email: mailto:senacheert@prasac.com.kh
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
Prasac is headquartered in Phnom Penh, Cambodia. As of December 31, 2012, Prasac operates in 16 branches and 101 sub-branches covering all the 24 provinces, including 186 districts, 1,499 communes, 10,874 villages of Cambodia. Investments can be made throughout Cambodia.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $10.00 million
10000000.00
10000000.00
PRASAC MICROFINANCE INSTITUTION PLC
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/33206/prasac-subdebt
XM-DAC-903-SII-34386
International Finance Corporation
ACLEDA loan 2013
The proposed investment consists of a US$ 50 million loan to ACLEDA Bank Plc. (ACLEDA or the Bank) with a 5-year maturity. The proposed loan will support the Banks lending to SME and microfinance borrowers.
(i) Improve access to finance for microfinance and SME clients in Cambodia. (ii) Improve market confidence by demonstrating IFC''s continuing support to the development of the Cambodian financial sector.
ACLEDA BANK PLC.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
ACLEDA is headquartered in Phnom Penh, Cambodia, and has a network of more than 260 branches in Cambodia, Lao PDR, and Myanmar.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-AA - Commercial Banking - General
Total: $50.00 million
50000000.00
50000000.00
ACLEDA BANK PLC.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/34386/acleda-loan-2013
XM-DAC-903-SII-34422
International Finance Corporation
TPC MFI Loan
The proposed investment consists of a US$ 10 million senior loan to Thaneakea Phum (Cambodia), Ltd. (TPC or the Company) with a 3-year maturity. The propose loan will support TPCs lending to micro and SME borrowers in the agricultural sector.
(i) Contribute to the development of the microfinance sector in Cambodia: Through this investment, IFC will broaden its support to the microfinance sector, thus showing increased confidence and support for the sector as a whole. (ii) Increased access to credit for micro borrowers in Cambodia: IFC''s contribution will support the continued growth of TPC'' operations and expand its services to the micro-clients, in particular in the agricultural sector.
LOLC (CAMBODIA) PLC
Mr.Sok Voeun, Chief Executive Officer Thaneakea Phum (Cambodia) Ltd. #666B, Street 271, Sangkat Phsar Doeum Thkov, Khan Chamkarmon, Phnom Penh, Cambodia Tel: (855)-23 220 641 Fax: (855)-23 220 642 Email: mailto:sokvoeurn@tpc.com.hk Website: http://www.tpc.com.hk
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
TPC is headquartered in Phnom Penh, Cambodia, and has a network of 54 offices in 22 provinces. Investments in TPC will be made throughout the country.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $10.00 million
10000000.00
10000000.00
LOLC (CAMBODIA) PLC
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/34422/tpc-mfi-loan
XM-DAC-903-SII-34748
International Finance Corporation
Amret MFI Equity
The Project is an equity investment in Amret Company Limited (Amret or the MFI). Amret is the 2nd largest pure microfinance institution (MFI) in Cambodia by gross outstanding loans and number of borrowers (Cambodia Microfinance Associations report as of December 2013). It is one of the 7 MFIs in the country licensed to take deposits. Amrets strategy is to provide a wide range of financial services to low income individuals as well as small and medium entrepreneurs, contributing significantly to economic and social development in Cambodia. As of December 2013, Amret had 116 offices in 22 capital/provinces across Cambodia. Through the investment IFC will provide support to Amret in its transformation and development plan.
- Contribute to the development of the microfinance sector in Cambodia: Through this investment, IFC will broaden its support to the microfinance sector demonstrating increased confidence and support for the sector as a whole. - Increased access to finance for micro clients, including in rural areas and agriculture sector: As of September 2013 Amret served over 300,000 borrowers of which more than 50% of its clients are engaged in the agriculture sector and 80% are women borrowers; and 110,000 depositors of which 54% are women depositors. Amret is expected to reach about 340,000 borrowers by 2016. Specific indicators to measure and monitor development impact of the Project such as additional clients, additional women clients, additional SME clients and additional clients in agriculture sector will be finalized with the client. - Unique role in providing commercially-oriented expertise: IFC will contribute to the sector''s further diversification of investor base and will bring a more commercially-oriented approach, as well as international expertise and experiences in financial sector, while maintaining the MFIs'' social mission and values.
AMRET PLC
c/o Mr. Chea Phalarin Chief Executive Officer Amret Company Limited #35BA, St. 169, Veal Vong, 7 Makara, Phnom penh Kingdom of Cambodia Tel: (855) 23 880 942 Fax: (855) 23 881 342 Email: mailto:phalarin.chea@amret.com.kh
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
Amret is headquartered in Phnom Penh, Cambodia. As of December 31, 2013, Amret operated in 87 branches and 29 mini branches covering 22 provinces, including 143 districts, 1,680 communes and 9,758 villages of Cambodia. Investments can be made throughout Cambodia.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $27.50 million
10000000.00
17500000.00
10000000.00
AMRET PLC
17500000.00
AMRET PLC
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/34748/amret-mfi-equity
Development Results
Development Result Description
Indicator
CORE - E and S Management Systems (Y/N)
Compliance/Enhancement
- Contribute to the development of the microfinance sector in Cambodia: Through this investment, IFC will broaden its support to the microfinance sector demonstrating increased confidence and support for the sector as a whole. - Increased access to finance for micro clients, including in rural areas and agriculture sector: As of September 2013 Amret served over 300,000 borrowers of which more than 50% of its clients are engaged in the agriculture sector and 80% are women borrowers; and 110,000 depositors of which 54% are women depositors. Amret is expected to reach about 340,000 borrowers by 2016. Specific indicators to measure and monitor development impact of the Project such as additional clients, additional women clients, additional SME clients and additional clients in agriculture sector will be finalized with the client. - Unique role in providing commercially-oriented expertise: IFC will contribute to the sector''s further diversification of investor base and will bring a more commercially-oriented approach, as well as international expertise and experiences in financial sector, while maintaining the MFIs'' social mission and values.
- Contribute to the development of the microfinance sector in Cambodia: Through this investment, IFC will broaden its support to the microfinance sector demonstrating increased confidence and support for the sector as a whole. - Increased access to finance for micro clients, including in rural areas and agriculture sector: As of September 2013 Amret served over 300,000 borrowers of which more than 50% of its clients are engaged in the agriculture sector and 80% are women borrowers; and 110,000 depositors of which 54% are women depositors. Amret is expected to reach about 340,000 borrowers by 2016. Specific indicators to measure and monitor development impact of the Project such as additional clients, additional women clients, additional SME clients and additional clients in agriculture sector will be finalized with the client. - Unique role in providing commercially-oriented expertise: IFC will contribute to the sector''s further diversification of investor base and will bring a more commercially-oriented approach, as well as international expertise and experiences in financial sector, while maintaining the MFIs'' social mission and values.
Indicator
Access to Finance: Outstanding Microfinance Portfolio (#)
Outstanding Portfolio (#)
- Contribute to the development of the microfinance sector in Cambodia: Through this investment, IFC will broaden its support to the microfinance sector demonstrating increased confidence and support for the sector as a whole. - Increased access to finance for micro clients, including in rural areas and agriculture sector: As of September 2013 Amret served over 300,000 borrowers of which more than 50% of its clients are engaged in the agriculture sector and 80% are women borrowers; and 110,000 depositors of which 54% are women depositors. Amret is expected to reach about 340,000 borrowers by 2016. Specific indicators to measure and monitor development impact of the Project such as additional clients, additional women clients, additional SME clients and additional clients in agriculture sector will be finalized with the client. - Unique role in providing commercially-oriented expertise: IFC will contribute to the sector''s further diversification of investor base and will bring a more commercially-oriented approach, as well as international expertise and experiences in financial sector, while maintaining the MFIs'' social mission and values.
- Contribute to the development of the microfinance sector in Cambodia: Through this investment, IFC will broaden its support to the microfinance sector demonstrating increased confidence and support for the sector as a whole. - Increased access to finance for micro clients, including in rural areas and agriculture sector: As of September 2013 Amret served over 300,000 borrowers of which more than 50% of its clients are engaged in the agriculture sector and 80% are women borrowers; and 110,000 depositors of which 54% are women depositors. Amret is expected to reach about 340,000 borrowers by 2016. Specific indicators to measure and monitor development impact of the Project such as additional clients, additional women clients, additional SME clients and additional clients in agriculture sector will be finalized with the client. - Unique role in providing commercially-oriented expertise: IFC will contribute to the sector''s further diversification of investor base and will bring a more commercially-oriented approach, as well as international expertise and experiences in financial sector, while maintaining the MFIs'' social mission and values.
Indicator
Access to Finance: Outstanding Microfinance Portfolio ($)
Outstanding Portfolio ($)
- Contribute to the development of the microfinance sector in Cambodia: Through this investment, IFC will broaden its support to the microfinance sector demonstrating increased confidence and support for the sector as a whole. - Increased access to finance for micro clients, including in rural areas and agriculture sector: As of September 2013 Amret served over 300,000 borrowers of which more than 50% of its clients are engaged in the agriculture sector and 80% are women borrowers; and 110,000 depositors of which 54% are women depositors. Amret is expected to reach about 340,000 borrowers by 2016. Specific indicators to measure and monitor development impact of the Project such as additional clients, additional women clients, additional SME clients and additional clients in agriculture sector will be finalized with the client. - Unique role in providing commercially-oriented expertise: IFC will contribute to the sector''s further diversification of investor base and will bring a more commercially-oriented approach, as well as international expertise and experiences in financial sector, while maintaining the MFIs'' social mission and values.
- Contribute to the development of the microfinance sector in Cambodia: Through this investment, IFC will broaden its support to the microfinance sector demonstrating increased confidence and support for the sector as a whole. - Increased access to finance for micro clients, including in rural areas and agriculture sector: As of September 2013 Amret served over 300,000 borrowers of which more than 50% of its clients are engaged in the agriculture sector and 80% are women borrowers; and 110,000 depositors of which 54% are women depositors. Amret is expected to reach about 340,000 borrowers by 2016. Specific indicators to measure and monitor development impact of the Project such as additional clients, additional women clients, additional SME clients and additional clients in agriculture sector will be finalized with the client. - Unique role in providing commercially-oriented expertise: IFC will contribute to the sector''s further diversification of investor base and will bring a more commercially-oriented approach, as well as international expertise and experiences in financial sector, while maintaining the MFIs'' social mission and values.
XM-DAC-903-SII-34993
International Finance Corporation
Prasac Sr Loan 2
The Project is to provide an IFC A loan of up to US$10 million with maturity of up to 5 years to Prasac Microfinance Institution Limited (Prasac or the Company), an IFC existing client. Prasac is one of the largest microfinance institutions (MFI) in Cambodia by gross outstanding loans and number of borrowers. It is one of the 7 MFIs in the country licensed to take deposits. Prasacs strategy is to provide financial services to rural communities and microenterprises in Cambodia. Prasac has significantly grown its operation over the last 5 years. As of December 2013, Prasac provided micro finance solutions to over 196,906 small businesses and individuals (over 85 percent of which are women) in Cambodia. With a plan to transform into a commercial bank in 2014 Prasacs target is to provide a wider range of financial products and services to its clients. Through the Project IFC aims to provide Prasac a stable long term funding which is limited in Cambodia in order to support its loan growth.
(i) Increased access to credit for micro and SME borrowers. (ii) Banking transformation: If Prasac''s intended transformation be successful, it will have a demonstration effect and provide another role model for MFIs keen to diversify and expand product offerings to better serve their customers.
PRASAC MICROFINANCE INSTITUTION PLC
c/o Mr. Sim Senacheert President and CEO Prasac Microfinance Institution Limited Building 212, St. 271, Sangkat Tuol Tompong 2 Khan Chamkarmon, Phnom penh Kingdom of Cambodia Tel: (855) 23 220 102 Fax: (855) 23 216 362 Email: mailto:senacheert@prasac.com.kh
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
Prasac is headquartered in Phnom Penh, Cambodia. As of December 31, 2013, Prasac operates in 173 branches covering all the 24 provinces, including 189 districts, 1,548 communes, 12,107 villages of Cambodia. Investments can be made throughout Cambodia.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $10.00 million
10000000.00
10000000.00
PRASAC MICROFINANCE INSTITUTION PLC
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/34993/prasac-sr-loan-2
Development Results
Development Result Description
Indicator
CORE - E and S Management Systems (Y/N)
Compliance/Enhancement
(i) Increased access to credit for micro and SME borrowers. (ii) Banking transformation: If Prasac''s intended transformation be successful, it will have a demonstration effect and provide another role model for MFIs keen to diversify and expand product offerings to better serve their customers.
(i) Increased access to credit for micro and SME borrowers. (ii) Banking transformation: If Prasac''s intended transformation be successful, it will have a demonstration effect and provide another role model for MFIs keen to diversify and expand product offerings to better serve their customers.
Indicator
Access to Finance: Outstanding Microfinance Portfolio (#)
Outstanding Portfolio (#)
(i) Increased access to credit for micro and SME borrowers. (ii) Banking transformation: If Prasac''s intended transformation be successful, it will have a demonstration effect and provide another role model for MFIs keen to diversify and expand product offerings to better serve their customers.
(i) Increased access to credit for micro and SME borrowers. (ii) Banking transformation: If Prasac''s intended transformation be successful, it will have a demonstration effect and provide another role model for MFIs keen to diversify and expand product offerings to better serve their customers.
Indicator
Access to Finance: Outstanding Microfinance Portfolio ($)
Outstanding Portfolio ($)
(i) Increased access to credit for micro and SME borrowers. (ii) Banking transformation: If Prasac''s intended transformation be successful, it will have a demonstration effect and provide another role model for MFIs keen to diversify and expand product offerings to better serve their customers.
(i) Increased access to credit for micro and SME borrowers. (ii) Banking transformation: If Prasac''s intended transformation be successful, it will have a demonstration effect and provide another role model for MFIs keen to diversify and expand product offerings to better serve their customers.
XM-DAC-903-SII-35242
International Finance Corporation
Acleda Education
ACLEDA Training Center (ATC or the Company) is one of the subsidiaries of ACLEDA Bank Plc. (AB or the Sponsor). ATC focuses on training AB staff and sharing the successful experiences of AB to other banks, MFIs, NGOs and other credit operators in the ASEAN region including China. ATC is in the process of transforming into ACLEDA Institute of Business (AIB), with the aim to become the leading Cambodian higher education institute (HEI) providing superior quality of business, banking and finance programs at Bachelor and Masters Degree level. The proposed project consists of the construction of a new campus which will include at least 3 school buildings, 1 administration building, 1 library, 1 canteen and 2 dormitory buildings. The project is expected to be implemented during 2015-2018.
(i) Improving education quality: The project will contribute with much needed improvements of the education sector in an IDA country by the establishment of a new education institute with qualified teachers with strong academic and practical qualifications. (ii) Quality assurance: ACLEDA is a strong and reputable name in Cambodia well known for its high standards. AB being the Sponsor will give AIB the needed quality assurance. (iii) Enhance employability: Through AB, AIB will ensure that the academic programs offered and the associated teachers are focusing on the needs of future employers. AB is Cambodia''s largest graduate recruiter with an annual intake of more than 1,000 fresh graduate students.
ACLEDA UNIVERSITY OF BUSINESS CO., LTD
Mr. Ponloeu Chhan Address: # 50, Corner of Street # 516 and 335, Phum 6, Sangkat Beung Kak I, Khan Tuol Kork, Phnom Penh, Kingdom of Cambodia. P.O. Box: 1149 Phone: +855 23 999 944/ 23 987 896/ 23 881 790 Fax: : +855 23 881 780/ 23 999 979
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mr. Ponloeu Chhan Address: # 50, Corner of Street # 516 and 335, Phum 6, Sangkat Beung Kak I, Khan Tuol Kork, Phnom Penh, Kingdom of Cambodia. P.O. Box: 1149 Phone: +855 23 999 944/ 23 987 896/ 23 881 790 Fax: : +855 23 881 780/ 23 999 979
Cambodia
The project location is in Phnom Penh, Cambodia.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
T-AC - Other Training
Total: $13.00 million
13000000.00
13000000.00
ACLEDA UNIVERSITY OF BUSINESS CO., LTD
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/35242/acleda-education
XM-DAC-903-SII-35963
International Finance Corporation
ACLEDAGroup loan
The proposed investment to ACLEDA Group consists of (i) an up to US$ 110 million senior loan to ACLEDA Bank Plc., (ii) a guarantee for a US$ 8 million equivalent local currency senior loan to ACLEDA Bank Lao Ltd., and (iii) an up to US$ 6 million equivalent local currency senior loan to ACLEDA MFI Myanmar Co. Ltd. The purpose of this investment is to support ACLEDA Groups lending programs to micro, small, and medium enterprises (MSMEs) and to help ACLEDA Group increase lending to the agricultural sector.
(i) Contribute to the development of the financial sector in Mekong region: At present access to financial services in region and in Myanmar in particular is extremely limited. IFC''s engagement with ACLEDA Group on the microfinance market will contribute to the development of financial market and improve access to finance. (ii) Increase access to credit: The proposed investment in ACLEDA Group is expected to improve access to credit in the region as it will enable ACLEDA Group to provide credit to underserved micro finance, retail borrowers and SMEs, particularly in the agriculture sector.
ACLEDA BANK PLC.
Dr. In Channy, President and Group Managing Director ACLEDA Bank Plc No. 61 Preah Monivong Blvd Sangkat Srah Chork, Khan Daun Penh Phnom Penh, Cambodia Tel: (855)-23 998 777 Fax: (855)-23 998 666 Email: mailto:channy@acledabank.com.kh Website: http://www.acledabank.com.kh
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
n/a.
Cambodia
ACLEDA Bank is headquartered in Phnom Penh, Cambodia, and has a network of more than 290 branches in Cambodia, Lao PDR and Myanmar. Investments in ACLEDA Bank, ACLEDA Lao and ACLEDA Myanmar will be made throughout the three countries respectively.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-AA - Commercial Banking - General
Total: $40.00 million
40000000.00
40000000.00
ACLEDA BANK PLC.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/35963/acledagroup-loan
XM-DAC-903-SII-36242
International Finance Corporation
HKL Senior Loan
The proposed project aims to provide a senior loan of up to US$10 million to a new client Hatta Kaksekar Limited (HKL) in order to support its growth and development, especially through mobile banking and agent model that HKL is planning to roll out.
(i) Increased access to credit for micro and SME borrowers. (ii) Mobile/ digital finance services: If HKL''s intended mobile banking business model successfully executed, it will have a demonstration effect and provide another role model for MFIs keen to diversify and expand product offerings to better serve their customers and save cost.
HATTHA BANK PLC.
Mr. Rath Sarun, Chief Finance Officer Hatta Kaksekar Limited # 606, St 271, Phsar Doeum Thkov, Chamkamorn, Phnom Penh Telephone: +855 23 994 304
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
N.A.
Cambodia
HKL headquarter is based in Phnom Penh, which is the capital city of Cambodia. HKL has the 3rd largest network of offices, with 129 branches and sub-branches throughout all of Cambodias 24 provinces and 181 districts out of 194.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $10.00 million
10000000.00
10000000.00
HATTHA BANK PLC.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/36242/hkl-senior-loan
XM-DAC-903-SII-36280
International Finance Corporation
Prasac Sr Loan 3
The proposed project aims to provide a senior loan of up to US$10 million to Prasac Microfinance Institution Limited. (Prasac or Company) in order to support its further growth in the market, especially its lending to micro and SME borrowers.
(i) Increased access to credit for micro borrowers in Cambodia. (ii) Banking transformation: If Prasac''s intended transformation becomes successful, it will have a demonstration effect and provide another role model for MFIs to better serve their customers.
PRASAC MICROFINANCE INSTITUTION PLC
SIM Senacheert, President and CEO Prasac Microfinance Institution Limited Building 212, Street 271, Sangkat Tuol Tumpung 2, Khan Chamkarmon, Phnom Penh, Cambodia Website: http://www.prasac.com.kh Email: mailto:senacheert@prasac.com.kh Tel: +855 23 22 01 02 Fax: +855 23 21 63 62
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
N/A
Cambodia
Prasac is headquartered in Phnom Penh, Cambodia, and has a network of 170 offices in 24 provinces. Investments in Prasac will be made throughout the country.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $10.00 million
10000000.00
10000000.00
PRASAC MICROFINANCE INSTITUTION PLC
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/36280/prasac-sr-loan-3
Development Results
Development Result Description
Indicator
CORE - E and S Management Systems (Y/N)
Compliance/Enhancement
(i) Increased access to credit for micro borrowers in Cambodia. (ii) Banking transformation: If Prasac''s intended transformation becomes successful, it will have a demonstration effect and provide another role model for MFIs to better serve their customers.
(i) Increased access to credit for micro borrowers in Cambodia. (ii) Banking transformation: If Prasac''s intended transformation becomes successful, it will have a demonstration effect and provide another role model for MFIs to better serve their customers.
Indicator
Access to Finance: Outstanding Microfinance Portfolio (#)
Outstanding Portfolio (#)
(i) Increased access to credit for micro borrowers in Cambodia. (ii) Banking transformation: If Prasac''s intended transformation becomes successful, it will have a demonstration effect and provide another role model for MFIs to better serve their customers.
(i) Increased access to credit for micro borrowers in Cambodia. (ii) Banking transformation: If Prasac''s intended transformation becomes successful, it will have a demonstration effect and provide another role model for MFIs to better serve their customers.
Indicator
Access to Finance: Outstanding Microfinance Portfolio ($)
Outstanding Portfolio ($)
(i) Increased access to credit for micro borrowers in Cambodia. (ii) Banking transformation: If Prasac''s intended transformation becomes successful, it will have a demonstration effect and provide another role model for MFIs to better serve their customers.
(i) Increased access to credit for micro borrowers in Cambodia. (ii) Banking transformation: If Prasac''s intended transformation becomes successful, it will have a demonstration effect and provide another role model for MFIs to better serve their customers.
Indicator
Access to Finance: Outstanding Agribusiness Loans (#)
Outstanding Portfolio (#)
(i) Increased access to credit for micro borrowers in Cambodia. (ii) Banking transformation: If Prasac''s intended transformation becomes successful, it will have a demonstration effect and provide another role model for MFIs to better serve their customers.
(i) Increased access to credit for micro borrowers in Cambodia. (ii) Banking transformation: If Prasac''s intended transformation becomes successful, it will have a demonstration effect and provide another role model for MFIs to better serve their customers.
Indicator
Access to Finance: Outstanding Agribusiness Loans ($)
Outstanding Portfolio ($)
(i) Increased access to credit for micro borrowers in Cambodia. (ii) Banking transformation: If Prasac''s intended transformation becomes successful, it will have a demonstration effect and provide another role model for MFIs to better serve their customers.
(i) Increased access to credit for micro borrowers in Cambodia. (ii) Banking transformation: If Prasac''s intended transformation becomes successful, it will have a demonstration effect and provide another role model for MFIs to better serve their customers.
XM-DAC-903-SII-37505
International Finance Corporation
Amret AB Loan
The proposed project (the Project) consists of a senior debt package to Amret Company Limited (the Company) in Cambodia. The Project will support the Companys lending program for a pipeline of microfinance and agricultural projects in the country. The Company is a microfinance institution with a substantial operational network and deep reach in the rural and underserved areas of Cambodia, serving more than 300,000 borrowers as of June 2015 in all 25 provinces in the Country. As a licensed deposit taking institution, the Company also offers other financial services including checking and saving accounts and fee-based services such as bill payments.
The development impact of IFC''s investment in the Project is expected to be high given that it will: - Improve access to finance for productive micro-entrepreneurs with a strong focus in agribusiness, which will in turn stimulate growth, employment generation and poverty reduction. - As the Company is present in many remote areas in the country, the Project is expected to allow more individuals obtain formal financial services, such as the mobilization of savings and mobile banking. - Continue know-how transfer in the areas of Environmental and Social ("E&S") and risk management.
AMRET PLC
c/o Mr. Chea Phalarin Chief Executive Officer Amret Company Limited #35BA, St. 169, Veal Vong, 7 Makara, Phnom Penh Kingdom of Cambodia Tel: (855) 23 880 942 Fax: (855) 23 881 342 Email: mailto:phalarin.chea@amret.com.kh
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
As above
Cambodia
The Company is headquartered in Phnom Penh, Cambodia and offers servicers all over the country.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $10.00 million
10000000.00
10000000.00
AMRET PLC
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/37505/amret-ab-loan
Development Results
Development Result Description
Indicator
CORE - E and S Management Systems (Y/N)
Compliance/Enhancement
The development impact of IFC''s investment in the Project is expected to be high given that it will: - Improve access to finance for productive micro-entrepreneurs with a strong focus in agribusiness, which will in turn stimulate growth, employment generation and poverty reduction. - As the Company is present in many remote areas in the country, the Project is expected to allow more individuals obtain formal financial services, such as the mobilization of savings and mobile banking. - Continue know-how transfer in the areas of Environmental and Social ("E&S") and risk management.
The development impact of IFC''s investment in the Project is expected to be high given that it will: - Improve access to finance for productive micro-entrepreneurs with a strong focus in agribusiness, which will in turn stimulate growth, employment generation and poverty reduction. - As the Company is present in many remote areas in the country, the Project is expected to allow more individuals obtain formal financial services, such as the mobilization of savings and mobile banking. - Continue know-how transfer in the areas of Environmental and Social ("E&S") and risk management.
Indicator
Access to Finance: Outstanding Microfinance Portfolio (#)
Outstanding Portfolio (#)
The development impact of IFC''s investment in the Project is expected to be high given that it will: - Improve access to finance for productive micro-entrepreneurs with a strong focus in agribusiness, which will in turn stimulate growth, employment generation and poverty reduction. - As the Company is present in many remote areas in the country, the Project is expected to allow more individuals obtain formal financial services, such as the mobilization of savings and mobile banking. - Continue know-how transfer in the areas of Environmental and Social ("E&S") and risk management.
The development impact of IFC''s investment in the Project is expected to be high given that it will: - Improve access to finance for productive micro-entrepreneurs with a strong focus in agribusiness, which will in turn stimulate growth, employment generation and poverty reduction. - As the Company is present in many remote areas in the country, the Project is expected to allow more individuals obtain formal financial services, such as the mobilization of savings and mobile banking. - Continue know-how transfer in the areas of Environmental and Social ("E&S") and risk management.
Indicator
Access to Finance: Outstanding Microfinance Portfolio ($)
Outstanding Portfolio ($)
The development impact of IFC''s investment in the Project is expected to be high given that it will: - Improve access to finance for productive micro-entrepreneurs with a strong focus in agribusiness, which will in turn stimulate growth, employment generation and poverty reduction. - As the Company is present in many remote areas in the country, the Project is expected to allow more individuals obtain formal financial services, such as the mobilization of savings and mobile banking. - Continue know-how transfer in the areas of Environmental and Social ("E&S") and risk management.
The development impact of IFC''s investment in the Project is expected to be high given that it will: - Improve access to finance for productive micro-entrepreneurs with a strong focus in agribusiness, which will in turn stimulate growth, employment generation and poverty reduction. - As the Company is present in many remote areas in the country, the Project is expected to allow more individuals obtain formal financial services, such as the mobilization of savings and mobile banking. - Continue know-how transfer in the areas of Environmental and Social ("E&S") and risk management.
XM-DAC-903-SII-37594
International Finance Corporation
ACLEDAGenderLoan
The proposed investment to ACLEDA Bank Plc. (ACLEDA or the Bank) consists of an up to US$ 200 million senior loan, of which a US$ 100 million is allocated towards women-owned small and medium enterprise (SME) financing. The project will be supported by IFCs Women Entrepreneurs Opportunity Facility (WEOF). The purpose of this investment is to support ACLEDA to grow its SME lending business and expand its outreach to women entrepreneurs, who play an important role within the economy and contribute towards job creation in Cambodia.
The Project is expected to have considerable development impact by increasing access to finance for women entrepreneurs in Cambodia. That, in turn, will help increase opportunities for women entrepreneurs and improve livelihoods for a wide cross-section of society. It is also expected to improve access to credit in Cambodia as it will enable ACLEDA to provide credit to underserved SMEs.
ACLEDA BANK PLC.
Dr. In Channy, President and Group Managing Director ACLEDA Bank Plc No. 61 Preah Monivong Blvd Sangkat Srah Chork, Khan Daun Penh Phnom Penh, Cambodia Tel: (855)-23 998 777 Fax: (855)-23 430 555 Email: mailto:channy@acledabank.com.kh Website: http://www.acledabank.com.kh
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
n/a
Cambodia
ACLEDA is headquartered in Phnom Penh, Cambodia, and has a network of 257 branches in Cambodia. Investment in ACLEDA will be made throughout the country.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-AA - Commercial Banking - General
Total: $100.00 million
100000000.00
100000000.00
ACLEDA BANK PLC.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/37594/acledagenderloan
Development Results
Development Result Description
Indicator
CORE - E and S Management Systems (Y/N)
Compliance/Enhancement
The Project is expected to have considerable development impact by increasing access to finance for women entrepreneurs in Cambodia. That, in turn, will help increase opportunities for women entrepreneurs and improve livelihoods for a wide cross-section of society. It is also expected to improve access to credit in Cambodia as it will enable ACLEDA to provide credit to underserved SMEs.
The Project is expected to have considerable development impact by increasing access to finance for women entrepreneurs in Cambodia. That, in turn, will help increase opportunities for women entrepreneurs and improve livelihoods for a wide cross-section of society. It is also expected to improve access to credit in Cambodia as it will enable ACLEDA to provide credit to underserved SMEs.
XM-DAC-903-SII-37898
International Finance Corporation
CAMBODIA-LAOS-MYANMAR DEVELOPMENT FUND II LP
Cambodia-Laos-Myanmar Development Fund II, L.P. (CLMDF II or the Fund), is a ten-year private equity fund with a target size of US$70 million. The Fund will focus on small and medium-sized enterprises in Cambodia, Laos and Myanmar.
Expected development impact includes (i) private sector development through creating sustainable companies in the Fund's portfolio investments and providing them with access to an alternate source of long term funding, (ii) job creation that is expected to come through the business growth of the portfolio companies, (iii) operational improvements and enhanced corporate governance in the portfolio companies and (iv) continuous upgrading of the Manager's Environment and Social Management System which will lead to the improvement of ESG standards in portfolio companies.
CAMBODIA-LAOS-MYANMAR DEVELOPMENT FUND II LP
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Trent Eddy Chief Investment Officer Emerging Markets Investment Advisers Pte. Ltd. 318 Tanglin Road, #01-38/39 Phoenix Park Singapore 247979 Tel: +65 8289 3920 Email: mailto:trent.eddy@emergingmarkets.asia
Cambodia
The Fund will invest primarily in Cambodia, Laos and Myanmar.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
P-GD - Small Business Fund
Total: $250.00 million
250000000.00
250000000.00
CAMBODIA-LAOS-MYANMAR DEVELOPMENT FUND II LP
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/37898/cambodialaosmyanmar-development-fund-ii-lp
XM-DAC-903-SII-38235
International Finance Corporation
Prasac AB Loan
The proposed project (the Project) aims to provide a senior debt package to PRASAC Microfinance Institution Limited (PRASAC or Company) in order to support its further growth in the market, especially its lending to micro borrowers.
The development impact of IFC''s investment in the Project is expected to be high given that it will: - Improve access to finance for productive micro-entrepreneurs with a strong focus in agribusiness, which will in turn stimulate growth, employment generation and poverty reduction. - As the Company is present in many remote areas in the country, the Project is expected to allow more individuals obtain formal financial services, such as the mobilization of savings and mobile banking.
PRASAC MICROFINANCE INSTITUTION PLC
SIM Senacheert, President and CEO PRASAC Microfinance Institution Limited Building 212, Street 271, Sangkat Tuol Tumpung 2, Khan Chamkarmon, Phnom Penh, Cambodia Website: http://www.prasac.com.kh Email: mailto:senacheert@prasac.com.kh Tel: +855 23 22 01 02 Fax: +855 23 21 63 62
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
As above
Cambodia
The Company is headquartered in Phnom Penh, Cambodia and offers servicers all over the country.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $20.00 million
20000000.00
20000000.00
PRASAC MICROFINANCE INSTITUTION PLC
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/38235/prasac-ab-loan
Development Results
Development Result Description
Indicator
CORE - E and S Management Systems (Y/N)
Compliance/Enhancement
The development impact of IFC''s investment in the Project is expected to be high given that it will: - Improve access to finance for productive micro-entrepreneurs with a strong focus in agribusiness, which will in turn stimulate growth, employment generation and poverty reduction. - As the Company is present in many remote areas in the country, the Project is expected to allow more individuals obtain formal financial services, such as the mobilization of savings and mobile banking.
The development impact of IFC''s investment in the Project is expected to be high given that it will: - Improve access to finance for productive micro-entrepreneurs with a strong focus in agribusiness, which will in turn stimulate growth, employment generation and poverty reduction. - As the Company is present in many remote areas in the country, the Project is expected to allow more individuals obtain formal financial services, such as the mobilization of savings and mobile banking.
Indicator
Access to Finance: Outstanding SME Portfolio (#)
Outstanding Portfolio (#)
The development impact of IFC''s investment in the Project is expected to be high given that it will: - Improve access to finance for productive micro-entrepreneurs with a strong focus in agribusiness, which will in turn stimulate growth, employment generation and poverty reduction. - As the Company is present in many remote areas in the country, the Project is expected to allow more individuals obtain formal financial services, such as the mobilization of savings and mobile banking.
The development impact of IFC''s investment in the Project is expected to be high given that it will: - Improve access to finance for productive micro-entrepreneurs with a strong focus in agribusiness, which will in turn stimulate growth, employment generation and poverty reduction. - As the Company is present in many remote areas in the country, the Project is expected to allow more individuals obtain formal financial services, such as the mobilization of savings and mobile banking.
Indicator
Access to Finance: Outstanding SME Portfolio ($)
Outstanding Portfolio ($)
The development impact of IFC''s investment in the Project is expected to be high given that it will: - Improve access to finance for productive micro-entrepreneurs with a strong focus in agribusiness, which will in turn stimulate growth, employment generation and poverty reduction. - As the Company is present in many remote areas in the country, the Project is expected to allow more individuals obtain formal financial services, such as the mobilization of savings and mobile banking.
The development impact of IFC''s investment in the Project is expected to be high given that it will: - Improve access to finance for productive micro-entrepreneurs with a strong focus in agribusiness, which will in turn stimulate growth, employment generation and poverty reduction. - As the Company is present in many remote areas in the country, the Project is expected to allow more individuals obtain formal financial services, such as the mobilization of savings and mobile banking.
Indicator
Access to Finance: Outstanding Microfinance Portfolio (#)
Outstanding Portfolio (#)
The development impact of IFC''s investment in the Project is expected to be high given that it will: - Improve access to finance for productive micro-entrepreneurs with a strong focus in agribusiness, which will in turn stimulate growth, employment generation and poverty reduction. - As the Company is present in many remote areas in the country, the Project is expected to allow more individuals obtain formal financial services, such as the mobilization of savings and mobile banking.
The development impact of IFC''s investment in the Project is expected to be high given that it will: - Improve access to finance for productive micro-entrepreneurs with a strong focus in agribusiness, which will in turn stimulate growth, employment generation and poverty reduction. - As the Company is present in many remote areas in the country, the Project is expected to allow more individuals obtain formal financial services, such as the mobilization of savings and mobile banking.
XM-DAC-903-SII-38239
International Finance Corporation
HKL AB Loan
The proposed project (the Project) aims to provide a senior debt package to Hattha Kaksekar Limited (HKL or Company) in order to support its further growth in the market, especially its lending to micro borrowers.
The development impact of IFC''s investment in the Project is expected to be high given that it will: - Improve access to finance for productive micro-entrepreneurs, which will in turn stimulate growth, employment generation and poverty reduction. - As the Company is present in many remote areas in the country, the Project is expected to allow more individuals obtain formal financial services, such as the mobilization of savings and mobile banking.
HATTHA BANK PLC.
Mr. HOUT IENGTONG President & Chief Executive Officer HATTHA KAKSEKAR LIMITED (HKL), HEAD OFFICE 606, Street 271, Sangkat Phsar Doeum Thkov Khan Chamkamorn, Phnom Penh, Cambodia PO Box 2044, Phnom Penh 3 + T :( 855) 23 994 304, 23 224 102, + E : mailto:iengtong.h@hkl.com.kh + W : http://www.hkl.com.kh
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
N/A
Cambodia
The Company is headquartered in Phnom Penh, Cambodia and offers services all over the country.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $20.00 million
20000000.00
20000000.00
HATTHA BANK PLC.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/38239/hkl-ab-loan
XM-DAC-903-SII-39167
International Finance Corporation
HKL senior 2017
table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; } The proposed project (the "Project") aims to provide senior debt to Hattha Kaksekar Limited ("HKL" or "Company") in order to support its further growth in the market, especially its lending to micro borrowers and SMEs.
TThe development impact of IFC's investment in the Project is expected to be high given that it will:
- Improve access to finance for productive micro-entrepreneurs, which will in turn stimulate growth, employment generation and poverty reduction.
- Allow more rural-dwelling households to obtain formal financial services, such as the mobilization of savings and mobile banking.
HATTHA KAKSEKAR LIMITED
HATTHA KAKSEKAR LIMITED (HKL), HEAD OFFICE Mr. HOUT IENGTONG President & Chief Executive Officer (855) 23 994 304, 23 224 102 iengtong.h@hkl.com.kh 606, Street 271, Sangkat Phsar Doeum Thkov Khan Chamkamorn, Phnom Penh, Cambodia http://www.hkl.com.kh
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
Phnom Penh, Cambodia.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/39167/hkl-senior-2017
XM-DAC-903-SII-37446
International Finance Corporation
ABA Bank Loan
table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; } The proposed project (the Project) involves a senior loan of up to US$10 million to Advanced Bank of Asia Limited (ABA or the Bank), in order to support the Banks growth and to provide additional access to finance to local borrowers, in particular, MSMEs in Cambodia.
- Support the stabilization and expansion of the Cambodian banking sector
- Increase access to finance for SMEs and MSMEs, ABA's key focus client segments
- Send a positive market signal about IFC's support of a bank that is keen to strengthen corporate governance and embrace prudent risk management and cost saving measures
ADVANCED BANK OF ASIA LIMITED
ABA Zhiger Atchabarov Chief International Relations Officer +855(98) 630 168 zhiger@ababank.com No. 148, Preah Sihanouk Blvd, Phnom Penh, Cambodia, PO Box 2277 www.ababank.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; } The Bank is headquartered in Phnom Penh, Cambodia and has 42 branches across the country. It offers services to 17 of Cambodias total of 24 provinces.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-AA - Commercial Banking - General
Total: $5.77 million
5770000.00
5770000.00
ADVANCED BANK OF ASIA LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/37446/aba-bank-loan
XM-DAC-903-SII-41294
International Finance Corporation
Amret Senior 18
0 0 0 0 0 0 0 0 0.0000 The investment is in the fo rm of a senior loan of up to US$ 40 million, consisting of an up to US$10 million IFC A Loan and an up to US$30 million B Loan, with a greenshoe option of up to US$ 40 million, to Amret Company Limited (Amret or the Company). The investment aims to support the Company's sustainable growth of its micro, small and medium loan portfolio.
(i) Stakeholder impact -- Increasing financial access: The Project supports increasing financial access for MSMEs in Cambodia, in addition to maintaining and sustainably expanding financial access to micro borrowers, especially farmers and women borrowers. This contributes materially towards the WBG's goal of reaching Universal Financial Access by 2020.
(ii) Market-level impact -- Contributing to market resilience: Amret is the second largest MFI in Cambodia with strong presence in rural areas, who adopts industry-leading corporate governance and risk management platform, and is committed to responsible finance. The Project demonstrates IFC's support to Amret and the responsible lending practice in the microfinance sector in Cambodia, which is essential towards strengthening the sector's resilience.
AMRET PLC
Amret Company Limited Patrice Vignes Chief Finance Officer (855) 23 880 942 patrice.vignes@amret.com.kh #35BA, St.169, Veal Vong, 7 Makara, Phnom Penh, Cambodia, 12253 www.amret.com.kh
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
Amret is headquartered in Phnom Penh, Cambodia. As of December 31, 2017, Amret operates in 25
provinces, 297 districts, and 12,603 villages. Investment can be made throughout the country.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $10.00 million
10000000.00
10000000.00
AMRET PLC
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/41294/amret-senior-18
XM-DAC-903-SII-41223
International Finance Corporation
DCM HKL LCY Bond
0 0 0 0 0 0 0 0 0.0000 The proposed project involves IFC investment in the first local currency bond of up to US$20 million equivalent issued by Hattha Kaksekar Limited ( HKL or the Company ), which will help create the debt capital m arkets in Cambodia (the Project ) . HKL is an existing portfolio client of IFC and one of leading microfinance deposit taking institutions (MDI) in Cambodia. HKL started operations in 1994 and as of December 3 1 , 2017, operates with an asset base of around US$ 691 million, serving close to 118,000 borrowers . HKL provides loans, savings, and other inclusive financial services countrywide, in particular to women and farmers in rural areas. The funding shall be used to support the growth of the its lending program to micro borrowers . The Project will potentially be supported by the Local Currency Facility of the International Development Association ( IDA ) 18 IFC-MIGA Private Sector Window, created by the Word Bank Group to catalyze private sector investment in IDA countries , with a focus on fragile and conflict-affected states .
Stakeholder Impact:
- The Project shall support HKL's financial capacity to increase local currency ("LCY") financing therefore leading to improved quality of finance better suited to the needs of MSMEs particularly women, farmers and borrowers in rural areas leading to increased economic activity. Hence it will likely help create indirect employment and jobs and contribute towards the World Bank Group's goal of reaching Universal Financial Access by 2020.
Market Impact Assessment:
- Integration: The Project will help develop a corporate bond market in Cambodia through market enabling channel, which will help mobilize domestic savings in LCY, and promoting local currency usage.
- IFC's investment in the first LCY bond issued by a MDI would support the creation of the domestic corporate bond market through demonstration of a new viable source of medium to long term LCY debt instrument. The local currency bond issuance would create a bond pricing benchmark in KHR. Additionally, an IFC offshore KHR issuance would also help to catalyze capital market development.
- Increased usage of LCY financing would help lead to gradual de-dollarization. A high level of dollarization (i) increases the vulnerability of banks with respect to liquidity risk and (ii) limits the scope of the country's exchange rate and monetary policies. Promoting the use of LCY indirectly helps contribute towards a higher degree of exchange rate flexibility in the medium term, which would help the economy regain competitiveness in the context of US Dollar appreciation under dollarization.
HATTHA BANK PLC.
Hattha Kaksekar Limited Hout Ieng Tong President and CEO iengtong.h@hkl.com.kh www.hkl.com.kh
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
The Company is headquartered in Phnom Penh, Cambodia. As of December 31, 2017, HKL has one of the country's
largest distribution networks of branches, with 168 branches across Cambodia, employing over 3,100 people.
Investment can be made throughout the country.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $20.00 million
20000000.00
20000000.00
HATTHA BANK PLC.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/41223/dcm-hkl-lcy-bond
XM-DAC-903-SII-40973
International Finance Corporation
SLGP PPCB Risk Sharing Facility
The proposed investment consists of an unfunded 50:50 risk sharing facility (RSF) for a portfolio of up to US$30 million to Phnom Penh Commercial Bank (PPCBank or the Bank) in Cambodia, and IDA country. The investment aims to help the Bank scale up its lending to local very small enterprises (VSEs) and small and medium enterprises (SMEs).
(i) Stakeholder impact - Effective risk mitigation: The Project will provide the Bank with an effective risk mitigation tool to sustainably increase lending to VSEs and SMEs, thereby increase economic activities of these underserved segments.
(ii) Market-level impact - Inclusiveness: The small enterprise segments are not actively pursued by banks due to their higher perceived risks. The RSF is anticipated to help PPCB sustainably build its exposure to VSEs and SMEs, demonstrating the bankability of this client segment to other market players and increasing financing options for un/under-banked VSE and SMEs.
PPCB RSF
Phnom Penh Commercial Bank Heng Chantha Director (855) 23-999-500 h.chantha@ppcb.com.kh N217, Norodom Blvd, Monivong Tonle Bassac, Khan Chamkamorn, Phnom Penh, Cambodia www.ppcbank.com.kh
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
PPCBank is headquartered in Phnom Penh, Cambodia. As of December 31, 2018, PPCBank operates in 7 provinces with 19 branches in Cambodia. Investment can be made throughout the country.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-AA - Commercial Banking - General
Total: $15.00 million
15000000.00
15000000.00
PPCB RSF
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/40973/slgp-ppcb-risk-sharing-facility
XM-DAC-903-SII-41831
International Finance Corporation
Amru Rice Project
AMRU Rice Cambodia Ltd. (AMRU or the Company) is a leading rice processor and exporter in Cambodia. Its products include fragrant jasmine, organic and brown rice, sourced from rice millers and producers across the country. AMRU is expanding its business volume and, with the help of IFC, seeks to increase its working capital funding and refinance short-term debt which was used to finance the construction of the Companys rice mill in Kampong Thom province (the Project).
At the Project level, expected outcomes include increased offtake of rice from smallholder farmers, improved farmer incomes and strengthened farmer resilience to market volatility and contribution to disseminating best sustainability practices (resource-efficient, climate smart, incl. provisions for addressing forced/child labor and biodiversity risks in the supply chain).
At market level, IFC anticipates that the Project will enhance the competitiveness and sustainability of the sector by showcasing the benefits and modalities of contract farming as well as the superior financial business outcomes of focusing on more niche product lines, such as organic or SRP rice.
AMRU RICE (CAMBODIA) CO., LTD
AMRU Rice Cambodia Ltd. Saran Song CEO (+855) 23-990 900 export@amrurice.com.kh #A13-A15, Phlov Lom, Sangkat Rusey Keo, Khan Rusey Keo, Phnom Penh, Cambodia www.amrurice.com.kh
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 AMRU Rice Cambodia Ltd. #A13-A15, Phlov Lom, Sangkat Rusey Keo , Khan Rusey Keo , Phnom Penh Cambodia
Cambodia
The Companys milling and processing facilities are located in Phnom Penh as well as Battambang and Kampong Thom provinces. The working capital funding will help the Company to source raw materials in the countrys rice growing regions, including Battambang, Kampong Thom, Preah Vihear, Kampong Cham, Kampong Chhnang, Kampong Speu and Takeo provinces.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
A-AA - Grains and Beans
Total: $5.00 million
5000000.00
5000000.00
AMRU RICE (CAMBODIA) CO., LTD
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/41831/amru-rice-project
XM-DAC-903-SII-42480
International Finance Corporation
ACLEDA subdebt 3
The proposed investment consists of a syndicated subordinated loan to ACLEDA Bank Plc. (ACLEDA) to support ACLEDAs growth strategy with a focus on digitalization and finance its lending operations with a focus on small and medium enterprises (SMEs) and women-owned SMEs (the Project). The subordinated loan, structured as Tier 2 qualified capital under the laws and regulations of Cambodia, will include IFCs subordinated loan of up to US$60 million and mobilization of up to US$30 million.
(i) Increased access to finance: Through this Project, IFC expects to increase access to finance for the underserved SMEs and women-owned SMEs in Cambodia by expanding number and volume of loans provided by ACLEDA to SMEs and women-owned SMEs in next 5 years. In addition, by supporting ACLEDA's growth strategy with focus on SME and women-owned SME segments and digitalization IFC anticipates that this Project contributes to improving quality of financial services by broadening access to digital financial products and improving banking service delivery via digital channels.
(ii) Improved inclusiveness: This Project reflects IFC's strategic engagement in Cambodia's banking sector by supporting ACLEDA's sustainable growth with focus on the base-of-pyramid and digitalization. By building market capacity that opens new market opportunities for digital banking products and services to help improve Cambodia's financial sector's competitiveness and promote a cashless economy.
ACLEDA BANK PLC.
ACLEDA Bank Plc. Dr. In Channy President and Group Managing Director (855)-23 998 777 channy@acledabank.com.kh No. 61 Preah Monivong Blvd, Sangkat Srah Chork, Khan Daun Penh www.acledabank.com.kh
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
ACLEDA is headquartered in Phnom Penh, Cambodia, and has 262 branches and district offices across Cambodia. Investment in ACLEDA will be made throughout the country.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-AA - Commercial Banking - General
Total: $60.00 million
60000000.00
60000000.00
ACLEDA BANK PLC.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/42480/acleda-subdebt-3
XM-DAC-903-SII-44211
International Finance Corporation
WCS COVID HKL
The proposed project entails an IFC investment of up to US$25 million senior loan toHattha Kaksekar Limited (the Company or HKL) with 30 percent of the loans being targeted at women and women-owned businesses. The investment aims to support the Company's working capital and trade-related lending program to Cambodian micro, small and medium enterprises as a result of the COVID-19 pandemic (the Project) and will be supported by an IDA Private Sector Window (PSW) Blended Finance Facility.
By supporting its clients' capacity to sustain operations during this acute shock, IFC best positions the private sector to support the economic recovery process, shortening the time it will take for the most vulnerable to return to their traditional income-earning opportunities. Project Outcome: By providing access to finance/liquidity to relevant stakeholders (EM FIs, and through them, their customers) to support stakeholders' capacity to sustain operations and to expedite post-crisis recovery. The project intends to provide up to US$25 million of liquidity to HKL, which will then be on lend to approximately 3,000 MSME clients. Market Creation: By sustaining the ability to provide these services, IFC's facility is intended to promote jobs as well as broader stability that comes about by providing for the going concern of market participants in Cambodia.
Project Outcome: By providing access to finance/liquidity to relevant stakeholders (EM FIs, and through them, their customers) to support stakeholders' capacity to sustain operations and to expedite post-crisis recovery. The project intends to provide up to US$25 million of liquidity to HKL, which will then on lend to approximately 3,000 MSME clients.
Market Creation: By sustaining the ability to provide these services, IFC's facility is intended to promote jobs as well as broader stability that comes about by providing for the going concern of market participants in Cambodia.
HATTHA BANK PLC.
Hattha Kaksekar Limited Hout Ieng Tong President and CEO info@hkl.com.kh https://www.hkl.com.kh/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
The Company is headquartered in Phnom Penh, Cambodia. As of April 30, 2020, HKL has one of the country's largest distribution networks of branches, with 177 branches across Cambodia. Investment can be made throughout the country.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $25.00 million
25000000.00
25000000.00
HATTHA BANK PLC.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/44211/wcs-covid-hkl
XM-DAC-903-SII-44231
International Finance Corporation
WCS COVID AMRET
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. (Amret or the Company) 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 Companys 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.
(i) Project Outcome: The project provides access to finance and liquidity to relevant stakeholders (Amret, and through them, their customers). This will support stakeholders' capacity to sustain operations and to expedite post-crisis recovery
(ii) Market Creation: Microfinance institutions (MFIs) provide working capital to support their customers' operating cash flow. By sustaining MFIs' ability to provide these services, IFC's facility is intended to promote the resilience of financial markets, as well as broader stability that comes about by providing for the going concern of market participants in Cambodia. IFC expects the Facility to attract additional private sector investors and partners to support emerging market liquidity, strengthening the market's ability to absorb shocks imposed by the current crisis.
AMRET PLC
Amret Plc. Dos Dinn Chief Executive Officer +855 023 880 942 dinn.dos@amret.com.kh 80, St.315, 7 Village, Boeng Kak 2 Commune, Toul Kouk District, Phnom Penh https://amret.com.kh/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 International Finance Corporation 11th Floor, Exchange Square, 19&20, Street 106, Phnom Penh Tel: (+855) 23 263 200
Cambodia
Amret is headquartered in Phnom Penh and has nationwide reach through 158 branches and a variety of digital channels.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-AK - Commercial Banking - Trade and Supply Chain
Total: $25.00 million
25000000.00
25000000.00
AMRET PLC
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/44231/wcs-covid-amret
XM-DAC-903-SII-42750
International Finance Corporation
Kampong Solar
The Project consists of a 60 MW solar power plant located in Cambodias Kampong Chhnang province and is the first phase of the 100 MW solar park planned by the Government of Cambodia. The Project is expected to become operational by June 2022 and will sell electricity to Electricite du Cambodge (Cambodias state-owned power utility), pursuant to a 20-year PPA. The Project will be developed by a special purpose vehicle named Prime Road Alternative (Cambodia) Co., Ltd (PRAC).
The main expected project-level outcomes are the environmental impact by reduction of CO2 emissions during generation and the stakeholder impact by helping address growing energy demand in Cambodia. Beyond the Project, the investment is expected increase market resilience and competitiveness by supporting one of the country's first solar auctions and demonstrating the role of utility-scale solar projects in the country's electricity generation mix.
PRIME ROAD ALTERNATIVE (CAMBODIA) CO., LTD.
Prime Road Alternative (Cambodia) Company Limited Mr. Kraiwee Jongjenkit, Mr. Navapat Aviphant Business Development Department +6621058686 kampongchhnang60mwsolar@primeroadgroup.com 1 TP&T Tower, 22nd Floor, Soi Vibhavadi Rangsit 19, Vibhavadi Road, Chatuchak, Bangkok, Thailand 10900 www.primeroadpower.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Prime Road Alternative (Cambodia) Company Limited No. 33, Street 294 (corner of Street 29) Sangkat Tonle Bassac Khan Chamkarmorn Phnom Penh 120101 Cambodia
Cambodia
The Project will be located at the Kampong Chhnang province in Cambodia, in a site of approximately 100 hectares, 60 km northwest of the capital Phnom Penh in linear distance.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
V-BF - Solar - Renewable Energy Generation
Total: $4.50 million
500000.00
4000000.00
500000.00
PRIME ROAD ALTERNATIVE (CAMBODIA) CO., LTD.
4000000.00
PRIME ROAD ALTERNATIVE (CAMBODIA) CO., LTD.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/42750/kampong-solar
XM-DAC-903-SII-44882
International Finance Corporation
ACLEDA sr 2020
The proposed investment to ACLEDA Bank Plc. (ACLEDA or the Bank) consists of an up to US$ 200 million 5-year senior loan to support ACLEDA to expand its lending program to small and medium enterprises (SMEs) and women-owned SMEs, who play an important role within the economy and contribute towards job creation in Cambodia (the Project). The proposed investment will include an IFC A Loan of up to US$ 100 million for IFC's own account and a syndicated loan of up to US$ 100 million.
The Project's development impact is anchored on increased access to finance for underserved SME segments, including women-owned SMEs. Beyond the Project, and along with other World Bank Group efforts in the SME segment, the investment will foster greater inclusiveness of the SME financing market via innovation and competition.
ACLEDA BANK PLC.
ACLEDA Bank Plc. Dr. In Channy President and Group Managing Director (855)-23 998 777 channy@acledabank.com.kh No. 61 Preah Monivong Blvd, Sangkat Srah Chork, Khan Daun Penh www.acledabank.com.kh
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
ACLEDA is headquartered in Phnom Penh, Cambodia, and has 263 branches and district offices across Cambodia. Investment in ACLEDA will be made throughout the country.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-AA - Commercial Banking - General
Total: $103.00 million
3000000.00
100000000.00
3000000.00
ACLEDA BANK PLC.
100000000.00
ACLEDA BANK PLC.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/44882/acleda-sr-2020
XM-DAC-903-SII-44742
International Finance Corporation
HTB Sub Debt
The proposed investment is a 7-year subordinated loan (sub-debt) of up to US$40 million to Hattha Bank Plc. (HTB or the Bank), formerly Hattha Kaksekar Limited (HKL), consisting of IFCs own account investment of up to US$10 million and mobilization of up to US$30 million. The sub-debt will be qualified as a Tier 2 capital under the local regulations to strengthen the Banks resilience amid the ongoing COVID-19 pandemic and support the Banks long-term strategy to primarily grow financing to micro, small and medium enterprises (MSMEs) including women-owned MSMEs (WMSMEs).
Project outcome: The Project will contribute towards narrowing the MSME financing gap by providing additional loans to MSMEs including WMSMEs during the tenor of the loan. This is expected to increase economic activity and job creation in Cambodia to expedite post-crisis recovery.
Market-level outcome: IFC's engagement with the Bank will mobilize private sector investors to support the financial sector in Cambodia and increase access to finance to the underserved MSMEs and WMSMEs.
HATTHA BANK PLC.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
The Bank is headquartered in Phnom Penh, Cambodia and has 177 branches across 25 provinces and cities in the country.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $10.00 million
10000000.00
10000000.00
HATTHA BANK PLC.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/44742/htb-sub-debt
XM-DAC-903-SII-45535
International Finance Corporation
BOP HTB Senior
The proposed investment is a 3-year senior loan of up to US$50 million to Hattha Bank Plc. (HTB or the Bank), formerly Hattha Kaksekar Limited, consisting of IFCs own account investment of up to US$10 million and mobilization of up to US$40 million. The loan proceeds will support the Banks MSME portfolio and improve access to finance for MSMEs during the COVID-19 pandemic. This loan will be supported by the IDA Private Sector Window (PSW) Blended Finance Facility.
Project outcome: The Project will contribute towards narrowing the financing gap in the country by providing additional loans to MSMEs including WMSMEs during the tenor of the facility. This is expected to increase economic activity and job creation in Cambodia, expediting post-crisis recovery.
Market-level outcome: IFC's engagement with the Bank will mobilize private sector investors in support of Cambodia's financial sector and increased access for underserved MSMEs and WMSMEs.
HATTHA BANK PLC.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
The Bank is headquartered in Phnom Penh, Cambodia and has 177 branches across 25 provinces and cities in the country.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $10.00 million
10000000.00
10000000.00
HATTHA BANK PLC.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/45535/bop-htb-senior
XM-DAC-903-SII-43894
International Finance Corporation
ASEAN Frontier Markets Fund
ASEAN Frontier Markets Fund, LP (AFMF or the Fund) is a US$90m (target) generalist growth capital fund investing in small and medium enterprises (SMEs) primarily in Cambodia and Laos. The Fund will also seek a limited number of opportunities in other ASEAN-based companies which will typically have a strategic interest in, or growth plans to, Cambodia and Laos. The Fund will target growth-oriented sectors, including consumer, financial services, healthcare, and education. The fund will be supported by the IDA19PSW Blended Finance Facility, created by the World Bank Group to catalyze private sector investments in IDA countries with a focus on fragile and conflict-affected states.
AFMF, LP
Emerging Markets Investment Advisers Joshua Morris CEO +65 834 720 69 joshua.morris@emergingmarkets.asia 15 Beach Road #02-01 Singapore 189677 www.emergingmarkets.asia/investments
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
AFMF will invest primarily in Cambodia and Laos, and opportunistically in adjacent/ASEAN markets such as Thailand and Vietnam (with a 15% cap).
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
P-GD - Small Business Fund
Total: $250.00 million
250000000.00
250000000.00
AFMF, LP
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/43894/asean-frontier-markets-fund
XM-DAC-903-SII-44741
International Finance Corporation
Forte Convertible
The Project comprises a convertible senior debt investment of upto US$15 million in FIG3 Investment Holding Pte. Ltd (Forte or the Company), the holding company which operates in the insurance sector via its subsidiaries in Cambodia and Lao PDR. The funds will be used to strengthen Fortes capital position, expand its product suite and enhance reach within and outside Cambodia.
The development impact of the proposed project is the increase in insurance coverage in the non-life segment through both expansion of existing insurance products and introduction of new insurance products in Cambodia and also in other East Asian countries, including Lao PDR. Beyond the Project, IFC anticipates that via demonstration, replication and innovation channels, the investment will foster increased competitiveness in its operating markets by introducing new insurance products and catering to specific needs in the market.
FIG3 INVESTMENT HOLDING PTE. LTD
FIG3 Investment Holding Pte. Ltd Guido M Meyerhans Chief Strategy Officer (+855) 23 885 077 guido.meyerhans@forteinsurance.com 120 Robinson Road, #08-01 Singapore 068913 www.forteinsurance.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
The funds will be used to strengthen Fortes capital position, expand its product suite and enhance reach in emerging markets of Southeast Asia.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-JC - Composite Insurance (Life and Non-life)
Total: $15.00 million
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/44741/forte-convertible
XM-DAC-903-SII-46195
International Finance Corporation
HTB Women Project
The proposed investment is a 5-year senior loan of up to US$100 million to Hattha Bank Plc. (HTB or the Bank), formerly Hattha Kaksekar Limited (HKL), consisting of an A Loan, for IFCs own account, of up to US$25-50 million and a mobilization of up to US$50-75 million. IFCs investment will be exclusively used for on-lending to women-owned micro, small and medium enterprises (WMSMEs) in Cambodia to support the growth of HTBs WMSME portfolio (the Project), which is expected to contribute to narrowing the financing gap to WMSMEs in Cambodia. The Project is expected to be consecutively supported by the Women Entrepreneurs Opportunity Facility (WEOF) and the Women Entrepreneurs Finance Initiative (We-Fi) as described in the Blended Finance Section.
Project outcome: The Project will contribute towards narrowing the WMSME financing gap by providing additional loans to WMSMEs during the tenor of the loan. This is expected to increase economic activity and job creation in Cambodia to expedite post-crisis recovery.
Market-level outcome: IFCs engagement with the Bank will mobilize private sector investors to support the financial sector in Cambodia and increase access to finance to the underserved WMSMEs.
HATTHA BANK PLC.
Hattha Bank Plc. Socheata IN VP & Head of Treasury Department (+855) 69 555 523 socheata@hatthabank.com Sangkat Boeng Tumpun 1, Khan Mean Chey, Phnom Penh, Cambodia. https://www.hatthabank.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
The Bank is headquartered in Phnom Penh, Cambodia and has 177 branches across 25 provinces and cities in the country.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-AC - Commercial Banking - Microfinance
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/46195/htb-women-project
XM-DAC-903-SII-46267
International Finance Corporation
BOP PRASAC 2022
The proposed investment to PRASAC Microfinance Institution Plc (PRASAC or the Company) is a 3-year senior loan facility of up to US$80 million consisting of (i) IFCs own account of up to US$50 million of which up to US$30 million in US dollar and up to US$20 million in local currency (LCY), and (ii) mobilization of up to US$30 million in US dollar. The loan proceeds will be used to support PRASACs financing to micro, small, and medium enterprises (MSMEs), and at least US$20 million of the loan proceeds will be dedicated to green financing, which will be IFCs first green loan in Cambodia (the Project). This senior loan will be supported by the IDA Private Sector Window (PSW) Blended Finance Facility.
The development impacts of the Project will be delivered through (i) improved access to finance for MSMEs; (ii) strengthened resilience among MSMEs in Cambodia by assisting financial institutions to improve responsible finance practice; (iii) increased access to climate finance, to support PRASAC to grow green financing, thereby catalyzing the private sector in Cambodia to adopt environmental and social sustainable principles, setting standards and reducing greenhouse gas emission.
PRASAC MICROFINANCE INSTITUTION PLC
PRASAC Microfinance Institution Plc. Mr. WON Soo Yeon EVP & Chief Financial Officer +855 23 220 102 / +855 96 718 5049 sooyeon.won@prasac.com.kh Building 212, Street 271, Sangkat Tuol Tumpung 2, Khan Chamkarmon, Phnom Penh, Cambodia https://www.prasac.com.kh
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
PRASAC is headquartered in Phnom Penh, Cambodia and has 182 offices across 25 provinces in the country.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/46267/bop-prasac-2022
XM-DAC-903-SPI-9675
International Finance Corporation
SEF ACLEDA Bank
Summary Of Project Information (SPI) Project Name Cambodia: ACLEDA Bank RegionEast Asia and the Pacific Sector Project No009675 Projected Board DateJuly 15, 1999 Company NameACLEDA Bank Technical Partner and/or Major Shareholders The Primary shareholder in ACLEDA Bank will be the Association of Cambodian Local Economic Development Agencies, or ACLEDA (32%), a non-governmental organization created in 1993 to provide financial services in rural Cambodia. Other shareholders in ACLEDA Bank are expected to include ACLEDA Staff Association Ltd.(19%), IFC, DEG, Triodos Bank and an additional investor. Project Cost Including proposed IFC investment Project cost, including the acquisition of ACLEDA''s existing assets and funding required to support ACLEDA Bank''s projected portfolio growth, is estimated at approximately US$20 million. IFC would make an equity investment of up to US$750,000 and a loan of up to US$1.0 million to ACLEDA Bank. Location of project and Description of site The headquarters of ACLEDA Bank will be located in Phnom Penh and the bank will operate a network of branches across Cambodia. ACLEDA currently has 27 branches/offices in Cambodia. Description of Company and Purpose of Project ACLEDA is the largest microfinance institution in Cambodia and provides financial services to entrepreneurs and small businesses across the country. ACLEDA currently serves over 60,000 borrowers and has a portfolio of approximately US$10.0 million. ACLEDA has reached the stage where it needs to transform into a regulated microfinance bank in order to continue expanding and strengthening its operations. As such, ACLEDA will transfer substantially all of its assets and staff to ACLEDA Bank, in return for equity and subordinated debt. ACLEDA Bank will provide regulated, for-profit financial services in rural Cambodia. The creation of ACLEDA Bank will enable ACLEDA to develop a more sustainable institutional structure and to attract commercial sources of funding, including outside shareholders. Environmental Category and Issues This is a Financial Intermediary (FI) Type 1 project according to IFC''s environmental review procedure. IFC will require that ACLEDA Bank''s operations are consistent with host country requirements and with IFC''s Microfinance Exclusion List. IFC will assess ACLEDA Bank''s capability to comply with this requirement. In addition, ACLEDA Bank will be required to submit an annual environmental performance report. The is from the InfoShop. Date SPI sent to InfoShop June 15, 1999 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384
ACLEDA BANK PLC.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
AC - Commercial Banking - Microfinance and Small Business
Total: $1.49 million
1000000.00
490000.00
1000000.00
ACLEDA BANK PLC.
490000.00
ACLEDA BANK PLC.
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/9675/sef-acleda-bank
XM-DAC-903-SPI-11596
International Finance Corporation
SEF Villa Apsara Hotel
The proposed project consists of the renovation and operation of the Villa Apsara Hotel in Siem Reap, Cambodia, as a 12 room, boutique hotel called the Aman Princiere Resort. The project will be the thirteenth Amanresorts operated property. The sponsor expects the project to commence full operation in the first quarter of 2003. For projects in frontier countries such as Cambodia, access to US dollar long-term financing is difficult. Local banks have been unable to offer an adequate financing package for this venture, and international banks are wary of taking risk in Cambodia. Thus, the sponsor has approached IFC to obtain the necessary long-term financing, with a view to partner with the Corporation in future projects in other frontier markets. The project will have a significant developmental impact on Siem Reap as a tourist destination. The entry of a high end player, such as Amanresort, into Cambodia will provide the country positive publicity amongst potential visitors and tour operators. This will contribute to hasten the growth of the local tourism industry which supports the local economy and creates employment opportunities. As a restoration of an existing hotel, the project would also help to bring idle assets back into productive use.
PRINCIERE RESORTS LIMITED
Greg Sirois 1 Orchard Spring Lane #05-01 Tourism Court Singapore 247729 Phone: (65) 883-2555 Fax: (65) 883-2431
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
The project site is the current Villa Apsara Hotel in Siem Reap, Cambodia. The site is located at the east side of the Angkor Grand Hotel and has an area of 5,797 square meter, which includes the existing buildings. The site is bordered on the northern side by private land, on the southern side by land of the provincial tourism office, on the eastern side by a road along the riverside, and on the western side by a road to Angkor park.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
AB - Resort Hotel (Including Lodges)
Total: $1.20 million
1200000.00
1200000.00
PRINCIERE RESORTS LIMITED
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/11596/sef-villa-apsara-hotel
XM-DAC-903-SPI-11649
International Finance Corporation
SEF Hagar Soya
The project is to incorporate Hagar Soya as a private company and expand it by establishing a soy milk manufacturing plant employing new processing and packaging technology. The new plant will expand the current production capacity from 1,200 liters per day to 12,000 liters per day and will produce soy milk in 150 milliliter Combibloc paper carton drink boxes. The project will have a significant development impact in Cambodia. In ACLEDA (project #9675), IFC successfully converted an NGO into a commercial bank, which IFC supported extensively through advisory work, investments, and by arraging financing. In the proposed project, IFC will seek to demonstrate the feasibility of converting NGOs'' income generating activities into private companies operating on a commercial basis. The project will ensure the company long-term sustainability and also support Hagar''s social activities by creating jobs and re-investing the dividends received by Hagar NGO from the company.
SEF Hagar Soya
Mr. Gregg Burgess Manager Hagar Soya Postal Address: P.O. Box 1521, Phnom Penh, Cambodia Location: Street 163, House 9, Sangkat Olympic I, Phnom Penh, Cambodia Phone: 855-23-217478 Fax: 855-23-217477
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
The project company''s registered address will be #9, Street 163, Sangkat Olympic 1, Phnom Penh, Cambodia The factory will be located at Road#2, Toul Rokar Village, Sangkat Chak Angre Krom, Khan Mean Chey, Phnom Penh.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
AI - Other Food
Total: $0.45 million
450000.00
450000.00
SEF Hagar Soya
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/11649/sef-hagar-soya
XM-DAC-903-SPI-21363
International Finance Corporation
Cambodia Airports
The project company is Société Concessionnaire de lAéroport (SCA or the company) a joint venture between Vinci Airports and Muhibbah Masteron Cambodia), is a special purpose company that holds a 25-year concession (from 1995) from the Government of Cambodia to manage and operate the Phnom Penh International Airport, Phnom Penh and Siem Reap-Angkor International Airport, Siem Reap. Some parts of the operation of the two airports are delegated to Cambodia Airport Management Services Limited (CAMS - a joint venture between Aéroport de Paris, Vinci Airports and Malaysian Airport Berhad), under an operating agreement with SCA.
Given the increasing traffic at the two airports, SCA is required, under the concession, to carry out additional investments in the next five years. The total project cost is estimated at $72.0 million and includes at this stage:
- the financing of the 2003-2007 capital expenditure program for a total amount of $47.1 million, including $23.2 million to upgrade the facilities of Pochentong Airport (runway lengthening and widening, construction of a parallel taxiway, expansion of apron and warehouse facilities and modernization of the airport operating equipment);
- $23.9 million for Siem Reap Airport (major repairs of the runway and taxiway, extension of the taxiway and aprons, construction of a new terminal building, modernization of the airport operational equipment and construction of a new cargo warehouse);
- the payment of $8.2 million due to the contractor for past capital expenditures; and
- the refinancing of $16.7 million of the existing shareholder and shareholder-guaranteed loan.
SOCIETE CONCESSIONNAIRE DE L'AEROPORT
Bruno BLANC-FONTENILLE, General Manager SCA
Phnom Penh International Airport
P.O. Box 1256 National Road No. 4
Phnom Penh
Kingdom of Cambodia
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
The project sites are the Phnom Penh International Airport (PPIA), located 10 km west of the capital city of Phnom Penh on a total area of 450 hectares, and the Siem Reap-Angkor International Airport (Siem Reap), located 8 km northwest of Siem Reap city on a total area of 195 hectares. PPIA serves as the main gateway to Cambodia while Siem Reap mainly caters to the tourist traffic visiting the various Angkor temples located in the nearby Angkor Archeological Park, a UNESCO World Heritage site. PPIA handled 948,614 passengers and 18,082 aircraft movements in 2002. International passengers represented 76% of the activity, with the remaining 24% domestic passengers which were mainly tourists transferring to Siem Reap. Siem Reap handled 572,664 passengers, mainly tourists visiting Angkor temples, and 13,605 aircraft movements, in 2002. International passengers represented 66% of the activity, with the remaining 34% domestic passengers mainly transferring to/from Phnom Penh.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
BD - Other Support Activities for Transportation (Grain Terminals, Cargo Terminals, Airport Operations)
Total: $10.00 million
10000000.00
10000000.00
SOCIETE CONCESSIONNAIRE DE L'AEROPORT
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/21363/cambodia-airports
XM-DAC-903-SPI-22320
International Finance Corporation
Acleda Bank Loan
The project is to extend a term loan of up to $6.0 million to Acleda Bank Limited (Acleda or the company), the leading Cambodian microfinance bank, to support expansion of its lending operations.
ACLEDA BANK PLC.
Mr. Inn. Channy, General Manager Acleda Bank Limited Phone: (855-23) 210-812 Fax: (855-23) 364-914
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
Based in Phnom Penh, Acleda provides microcredit, deposit, account management and other financial services to over 95,000 urban and rural clients through an extensive network of 15 branches and 80 outlets in fourteen provinces. The banks average loan size (December 2003) was about $400; its customer profile includes urban micro and small enterprises, artisans and other service providers, and rural market traders and small shopkeepers.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
AC - Commercial Banking - Microfinance and Small Business
Total: $6.00 million
6000000.00
6000000.00
ACLEDA BANK PLC.
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/22320/acleda-bank-loan
XM-DAC-903-SPI-22597
International Finance Corporation
Canadia Bank
The project entails IFC providing Canadia Bank PLC (Canadia, the bank or the company) a credit line of up to $5 million to help finance the growth of the banks residential mortgage portfolio. The purpose is to augment the level of home ownership within the middle-income segment of the population by supporting the promotion of housing finance products in Cambodia. The objectives of this project are the following: - The bank aims to tap into the increased demand from middle-income homebuyers by providing financing for mid-range priced housing units with longer tenured loans. Given the growth in population and an emerging young and upwardly mobile middle-income segment, the demand for new housing is strong. - The tenor and pricing of IFCs credit line will allow the bank access to long-term funding to better manage its growing long-term mortgage loan exposure. - Canadia Bank is Cambodias largest private sector bank, with total assets as of December 2003 amounting to $191.2 million, equity of $22.4 million, and a net income of $3.5 million for FY 2003. With over 300 employees, Canadia offers a wide range of financial services through its network of eleven branches throughout Cambodia. Some dates of importance are the following : 1991 - Canadia Bank was established as Canadia Gold & Trust Corporation Limited, a joint venture between overseas Cambodians and the National Bank of Cambodia. 1993 - The name of the bank was changed to Canadia Bank Limited, as it was transformed into a commercial bank registered under the Ministry of Commerce and the National Bank of Cambodia. 1994 - Canadia was the first Cambodian bank to be granted a foreign exchange license. 1998 - The bank was fully privatized.
CANADIA BANK PLC
Mr. Pung Kheav Se, CEO No.265, Ang Duong Street, Phnom Penh, Cambodia Phone: 855-23-215 286 Fax: 855-23-427 064
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
Canadia Bank is headquartered in Phnom Penh and has 11 branches spread across Cambodia. IFC investment will provide the bank with the required long term funding it needs to support the growth in its mortgage portfolio. To date all housing loans funded by the bank have been in the Phnom Penh area.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
EA - Primary Mortgage Institutions
Total: $5.00 million
5000000.00
5000000.00
CANADIA BANK PLC
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/22597/canadia-bank
XM-DAC-903-SPI-24590
International Finance Corporation
Acleda_MFI Loan
ACLEDA Bank Plc. (Acleda or the Bank), based in Phnom Penh, Cambodias capital, is an existing IFC client, and one of the leading financial institutions in the country, fourth largest in terms of assets, providing a full range of banking services with particular emphasis on micro and small business credit. With 141 branches and offices, the Bank is now active in 22 provinces over the Kingdom of Cambodia. In December 2003, Acleda was granted a new license by the National Bank of Cambodia to operate as a full commercial bank enabling Acleda to launch many new financial services including cash management and trade finance. With assistance from UNDP and the ILO, the Bank was originally established as Acleda NGO (Association of Cambodian Local Economic Development Agencies), in January 1993, as the national NGO for micro and small business development and credit. Major international development agencies supported the rapid expansion of Acleda. Because of the Banks expansion to cover the main provinces of Cambodia and its ability to continually operate profitably, Acleda NGO decided to transform itself into a commercial bank. The project is to provide a $5.0 million term loan to Acleda to support the Banks expansion into SME and on-lending to wholesale traders/financiers or integrators in the agribusiness sector, and licensed microfinance institutions.
ACLEDA BANK PLC.
In Channy General Manager E-mail: channy@acledabank.com.kh Telephone: (855 23) 210 812
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
Acleda Bank is headquartered at Phnom Penh, Cambodia. With 141 branches and offices, the Bank is now active in 22 provinces over the Kingdom of Cambodia.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
AC - Commercial Banking - Microfinance and Small Business
Total: $5.00 million
5000000.00
5000000.00
ACLEDA BANK PLC.
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/24590/acleda_mfi-loan
XM-DAC-903-SPI-25332
International Finance Corporation
Cambodia Airp II
The project company is Société Concessionnaire de lAéroport (SCA or the company), a special purpose company that holds a 45-year concession (from 1995) from the Royal Government of Cambodia (RGC) to operate the Phnom Penh International Airport (PPIA) at Phnom Penh, the Siem Reap International Airport (SRIA) at Siem Reap, and the Sihanoukville Airport (SIA) at Sihanoukville. PPIA serves as the main gateway to Cambodia while SRIA mainly caters to the tourist traffic visiting the various Angkor temples located in the nearby Angkor Archeological Park, a UNESCO World Heritage site. Sihanoukville was established in the 1950s and forms together with Phnom Penh and Siem Reap one of the destinations that has been identified by the RGC as cornerstones for the countrys short-term tourism development. The Sihanoukville airport, located 15 km from the city center, was built in the 1960's and remains a small airport with limited facilities. The concession for the development and operation of Sihanoukville Airport was awarded in March 2006 by the RGC to the company. SIA reopened in January 2007.
The proposed project consists of:
- the mandatory capital investments required under the concession for SIA for 2006 and 2007;
- the terminal capacity increase at SRIA to provide service to the increasing passenger growth; and
- the capital investments required at SIA in 2008-10, should traffic at the airport increase in accordance with the companys projections.
This would be IFCs second investment in SCA. In June 2004, IFC provided a $10 million loan to SCA to support capital expenditures at PPIA and SRIA.
The project will have a significant development impact on the Cambodian economy. The RGC is aggressively promoting tourism, especially in the Angkor temple complex near Siem Reap and the coastline near Sihanoukville. Tourism has the potential to become one of the most important sectors of the economy. Expansion and modernization of the airports infrastructure is viewed as critical to the RGCs coordinated efforts to grow the tourism industry as the airports are an essential component of the infrastructure required to support international tourism to Cambodia. In this context, the proposed project would expand the international airports of SIA and SRIA and help the country develop the value of its unique cultural assets of Angkor temples and its coastline. The project will also raise operating efficiency and service levels at SRIA and SIA by adjusting airside and landside capacity to expected passenger traffic, and help SCA meet performance standards established under the Concession Agreement. Finally, the projects success will encourage foreign investments and further private sector participation in infrastructure projects in Cambodia and privatization of airports in East Asia in general.
SOCIETE CONCESSIONNAIRE DE L'AEROPORT
For inquires and information regarding the project: Charles Winter Project Coordinator C/O Vinci Concessions 1 cours Ferdinand de Lesseps F-92851 Rueil Malmaison Cedex Tel. +33 1 47 16 43 34 Fax. +33 1 47 16 38 82 Paris, France Environmental documentation will be made available: Phnom Penh International Airport, P.O. Box 1256 National Road No.4, Phnom Penh, Kingdom of Cambodia Office of the General Manager Tel. (855-23) 890 520
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
- Sihanoukville:
The Sihanoukville airport, known also as Kang Keng, was built in the 1960's. It was and remains a small airport with limited facilities. The airport is located 15 km from the city center and is accessed by a 2 lane road that connects to the main road between Phnom Penh and Sihanoukville.
- Siem Reap:
Siem Reap International Airport is situated about eight kilometers northwest of the city of Siem Reap and serves as a gateway to thousands of tourists visiting the 9-12th century temples in the Angkor Archeological Park, a UNESCO World Heritage Site. A two-lane road (one in each direction) links the airport with the Siem Reap city, where most of the tourist hotels are located.
- Phnom Penh:
Pochentong International Airport is situated about ten kilometers west of the city of Phnom Penh and is the main gateway to/from Cambodia. A four-lane highway (two in each direction) links the airport with the city of Phnom Penh.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
BD - Other Support Activities for Transportation (Grain Terminals, Cargo Terminals, Airport Operations)
Total: $17.50 million
17500000.00
17500000.00
SOCIETE CONCESSIONNAIRE DE L'AEROPORT
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/25332/cambodia-airp-ii
XM-DAC-903-SPI-26365
International Finance Corporation
Millicom Cambodia
The project consists of the upgrade and nationwide expansion of a Cambodian GSM mobile network of CamGSM Company Ltd. (or the company). The company was granted its GSM license in 1996 for a period of 25 years, which was extended to 35 years in 1999. The company currently covers only 55% of the total population in the country. As part of its expansion, the company plans to install 400 new sites and additional microwave backhaul links in order to provide coverage to 75% of the population.
By increasing the availability of telecommunications services in Cambodia, the project will: - Improve Access. The project will improve the availability of reliable and affordable communications for consumers and businesses. The Company conservatively projects mobile penetration to increase from about 16% to 46% by December 2012. - Spur Competition. The project will enhance competition in the sector, leading existing mobile operators to: - invest further in their networks, thereby increasing availability and improving the quality of cellular services; and - lower tariffs. - Expand Geographic Coverage. Although CamGSM is authorized to provide nationwide mobile service, geographic coverage is currently poor and limited to the main urban areas. Through this Project, the Sponsors plan to provide coverage to all major cities and as much remote area as is commercially viable, thus significantly increasing geographic and population coverage. - Increase Employment. The project will make available high quality jobs at the company, while creating quality employment opportunities in Cambodia in adjacent sectors, such as network construction and maintenance and mobile supplier/distribution. - Support Local Companies/SMEs. In addition to improving the overall reliability of telecommunications, CamGSM plans to expand data and internet access services directed to the business segment, thus enhancing the efficiency and competitiveness of these companies. Demonstrate Successful FDI. Successful implementation of this project will signal to other potential foreign investors that infrastructure investments can be done in a transparent fashion, thereby encouraging further investment in the country.
CamGSM Company Limited
Camgsm Co., Ltd 33 Preah Sihanouk Blvd P. O. Box 2468 Phnom Penh Kingdom of Cambodia Tel +855 12 800 800 Fax +855 12 801 801
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
The headquarters for CamGSM is in Phnom Penh, Cambodia. The company plans to extend its current cellular network to provide mobile services throughout Cambodia.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
AC - Mobile Telephony
Total: $60.00 million
60000000.00
60000000.00
CamGSM Company Limited
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/26365/millicom-cambodia
XM-DAC-903-SPI-28471
International Finance Corporation
ANZ Royal RSF
The proposed investment is for an unfunded Risk Share Facility (RSF) of up to USD30 million with IFC and ANZ Royal Bank (ANZRB or the Bank) sharing the potential risks arising from ANZRBs portfolio of Cambodian agribusiness credits (the Project).
ANZRB, in consultation with its head-quarters, has made a strategic decision to expand its agribusiness portfolio. This is only a logical step given the prominence of the agriculture sector in Cambodia, accounting for 29% of GDP and employing 70% of Cambodian labor force. Cambodia, with its large cultivable land mass, favorable climatic conditions and labor availability, is a country well-endowed to become a prominent agribusiness economy in the region.
With IFC partaking in the risk of credit loss in the agribusiness portfolio, the Project is expected to provide a risk reduction benefit to ANZRB as it expands its agribusiness portfolio in a country.
The Project is expected to have a high development impact on account of the following:
The Project will increase access to finance for underserved market participants in the agriculture sector which accounts for 29% of Cambodian GDP and employs 70% of total labor force.
IFCs support to Cambodias agriculture sector will be instrumental in dampening the impact of the global economic downturn which has resulted in Cambodia suffering from declines in its garment exports, slow down in tourism, and collapse in the real estate market.
The Project will also benefit the Cambodian government as agribusiness and its value chains will become more profitable and generate higher income taxes for the government.
ANZ ROYAL BANK (CAMBODIA) LIMITED
John McGinley Head of Business Development & Strategy
ANZ Royal Bank (Cambodia) Ltd. No 14, St 106, Sangkat Wat Phnom. Khan Daun Penh. Phnom Penh Kingdom of Cambodia
Tel: +855 (0) 23 999 000 (EXT 8977) Fax: + 855 (0) 23 986 105
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
ANZRB is headquarter in Phnom Penh with extensive branch network across Cambodia Phnom Penh, Siem Reap, Sihanoukville, Battambang, Poipet, Kampong Cham and Takhmao. As of June 2009, ANZR; with the help of its 500 plus staff, had approximately 80,000 customer accounts and a credit portfolio of about $291 million, of which agribusiness comprised approximately $8.5 million or 2.9% of its total portfolio. Investments can be made through out Cambodia.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
AH - Commercial Banking - SME Finance
Total: $15.00 million
15000000.00
15000000.00
ANZ ROYAL BANK (CAMBODIA) LIMITED
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/28471/anz-royal-rsf
XM-DAC-903-SPI-30607
International Finance Corporation
Acleda Sub debt
The project is to provide a subordinated loan, meeting the tier 2 capital requirement to ACLEDA. This subordinated loan aims to help ACLEDA to maintain a CAR/solvency ratio of more than 15% as required by the National Bank of Cambodia (NBC) and support the Banks loan growth which is expected to be strong in 2011.
Increase access to credit: The proposed investment in ACLEDA is expected to improve access to credit in Cambodia as it will enable ACLEDA Cambodia to provide credit to underserved micro finance and SME and retail borrowers.
Improving market confidence: An IFC loan to a bank such as ACLEDA will enhance market confidence in the Cambodian financial sector and its perception in the international markets. The proposed subordinate debt will not only strengthen the Bank's capitalization, but is also expected to enhance prospects of mobilizing additional equity and long term funding from private investors.
ACLEDA BANK PLC.
Financial Institution Department (FID)
ACLEDA Bank Plc.
Headquarters: #61, Preah Monivong Blvd., Srah Chork, Daun Penh, Phnom Penh, Cambodia
Tel: 855 23 998 777 / 430 999
Tel: 855 23 998 666 / 430 555
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Cambodia
ACLEDA Bank is headquartered in Phnom Penh and has 234 branches across Cambodia. Investments can be made throughout the country.
Location description
A description that qualifies the activity taking place at the location.
13.0000000000 105.0000000000
AC - Commercial Banking - Microfinance and Small Business
Total: $6.00 million
6000000.00
6000000.00
ACLEDA BANK PLC.
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/30607/acleda-sub-debt