PROJECT

Projects

Summary of Investment Information

Project Number

37505

Company Name

AMRET PLC

Date SPI Disclosed

Nov 11, 2015

Country

Cambodia

Region

East Asia and the Pacific

Projected Board Date

Dec 18, 2015

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Jan 7, 2016
Signed : Jan 26, 2016
Invested : Feb 8, 2016

Sector

Microfinance and Small Business - Non Commercial Banking

Project Description

The proposed project (the “Project”) consists of a senior debt package to Amret Company Limited (the “Company”) in Cambodia. The Project will support the Company’s 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.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation