microfinance forum 2009 (2.samic mfi presentation)

SAMIC‐Limited

Cambodia at Glance  As of December 2008

• GEOGRAPHY• ‐AREA: 181,035 KM2

• ‐LOCATION: BORDERED BY  THAILAND, LAOS, AND  VIETNAM

• ‐NUMBER OF PROVINCE: 24• ‐CAPITAL CITY: PHNOM PENH• ‐WEATHER: MONSOON (TROPICAL WET

AND 

DRY)• POPULATION• ‐

POPULATION: 13.4 MILLION

• ‐

FEMALE: 51.5%• ‐

POPULATION LIVE IN RURAL AREA: 80.5%

‐

KHMER (90%), AND SOME CHINESE, • VIETNAMESE, CHAMS, BURMESE, • AND

HILL

TRIPS

Cambodia at Glance

• ECONOMY

• ‐

EXCHANGE RATE:  KHR4,200/USD

‐

GDP: USD 739 (2008)

‐

GDP GROW: 6% (2008)

‐

INFLATION: 7.5% (2008)

• ‐

CHIEF PRODUCTS: RICE,  RUBBER, GARMENT, 

WOOD, CORN, FISH

History & Revolution of MFI sector in  Cambodia

1993-2000 2000-2008

Started in 1993

No law & regulation

Run as an NGOs (not financially 

sustainable)

80% of loan were to women in 

group lending

Interest charged was high

lack of skills and expertise to 

assess loan

No proper loan monitoring

Lack management system

Results in high loan loss

Got technical and credit 

support from ADB and FDA

Microfinance reform and the 

law were established

NBC addressed the issue of 

interest charged on micro 

loans

NGO transformed to licensed 

MFI having self‐

financial 

sustainability

MFI started building 

managerial and credit skill

Attract more investors

NATIONAL BANK OF  CAMBODIA

NATIONAL BANK OF  CAMBODIA

24 Commercial  Banks

24 Commercial  Banks

21 NBC  Branches

21 NBC  Branches

MFIsMFIs

3 Foreign 

Branch Banks

3 Foreign 

Branch Banks

1 State owned

1 State owned

5 Privately 

owned

5 Privately 

owned

21 Locally 

incorporated

21 Locally 

incorporated

20 Licensed20 Licensed

Money 

Changer

Money 

Changer25 Registered25 Registered

NGOsNGOs

2 Representative 

Offices

2 Representative 

Offices

Registered 3.987

Unregistered around 60 NGOsUnregistered around 60 NGOs

6 Specialized  Banks

6 Specialized  Banks

‐7‐

No MFIs Province Loan  O/S Clients Deposits Depositors

1 ACLEDA 24 172,204,356 219,840 653,878,130 572,118

2 Prasac 17 56,038,640 84,974 158,657 2,002

3 Amret 14 52,837,019 227,614 1,682,753 2,436

4 Sathapana 16 35,721,066 35,589 2,477,610 21,866

5 HKL 11 27,740,979 40,917 1,416,572 47,289

6 AMK 24 24,970,845 210,959 154,392 8,021

7 CREDIT 10 20,044,803 37,606 578,086 2,568

8 VFC 14 19,757,197 94,575 91,994 67

9 TPC 16 16,610,570 90,266 112,855 4,070

10 SILANITHIH 7 5,768,003 9,065 384,741 9,375

11 Samic 7 4,592,790 10,353 28,042 4,527

12 IPR 6 3,823,681 4,122 0 0

13 EAP 6 1,749,747 202 0 0

14 MAXIMA 2 1,437,982 2,281 0 0

15 FUDF 4 1,437,500 2,545 0 0

16 CBIRD 5 1,232,792 2,199 117,347 2,402

17 GCMF 6 1,083,571 761 0 0

18 First Finance 2 272,457 27 0 0

19 FF 1 199,473 62 41,667 62

20 TFMF 2 92,902 277 0 0

TOTAL 448,171,198 1,080,093 661,260,972 696,797

As of Sept 2009

Vision and Mission

Background

-

Currently, our new name is SAMIC

-

CHC was created in March 1994 for responding to the public  health problems in Cambodia.

-

In October 1994, CHC began implementing   rural credit  program as part of an approach to reduce TB prevalence by 

reducing poverty.

-

8th July 2005 got license as a limited company from MoC

-

14th September 2005 got  MFI license from NBC 

-

18th

September 2008 got permanent license from NBC

CHC Governance  Structure

Source of Funds

• OXFAM AMERICA

: GRANTOR (SINCE 94‐04)

• CRS

: LENDER (FROM 2002)

• RDB

: LENDER (FROM 2005) 

• OIKOCREDIT

: LENDER (FROM 2006)

• ETIMOS

: LENDER (FROM 2006)

• MICROCREDIT ENTERPRISE : LENDER (FROM 2008)

• NORFUND

: LENDER (FROM 2008)

• DWM

: LENDER (FROM 2008)

• BLUEORCHARD

: LENDER (FROM 2008)

• PLANIS

: LENDER (FROM MAR 2009)

‐12‐

Position Dec‐05 Dec‐06 Dec‐07 Dec‐08 Sept‐09

Phnom  Penh 9 15 23 31 36

Kampot 15 25 28 34 35

Kaep ‐ ‐ ‐ 8 8

Sihanouk Ville ‐ 7 11 21 22

Kandal ‐ ‐ 6 8 8

Siem Reap ‐ ‐ ‐ 10 10

Total 24 47 68 112 119

‐13‐

Field staffs include CREDIT AGENTS, CREDIT SUPERVISORS, AND COLLECTORS only.

‐14‐

Loan Products

• VILLAGE BANK LOAN: 100,000 –

1,000,000 RIELS

25 USD ‐

250 USD  

• GROUP SOLIDARITY LOAN: 400,000 –

2,000,000 RIELS

100 USD ‐

500 USD 

• INDIVIDUAL LOAN: 1,000,000 –

4,000,000 RIELS   

250 USD ‐

10,000 USD  

• EMERGENCY LOAN: 500,000 –

4,000,000 RIELS   

125 USD ‐

5,000 USD

Village Bank Loan

• GROUP:

2‐10 GROUPS ( 3‐7 MEMBERS PER GROUP)

• ELECT VILLAGE BANK OFFICERS:

CHIEF, SECRETARY , &  TREASURER

• BENEFICIARY TRAINING:

45 MINUTES ON LENDING  CONDITIONS, 

VB RULES, SAVING, MEADA PROGRAM, 

FAMILY PLANNING, ETC.

• MONTHLY MEETING‐

ALL VBS MEMBERS & TO REFRESH  THEM THE LENDING CONDITIONS AND CREDIT WITH 

EDUCATION PROGRAM

• LOAN DURATION:

4‐12 MONTHS (BALLOON/DECLINING  PAYMENT)

• INTEREST RATE:

3.20%/MONTH

• VOLUNTARY SAVINGS:

MINIMUM OF 1,000 RIELS  (EQUIVALENT

TO

0 25 USD)

MONTHLY

Group Solidarity Loan

• TERMS AND CONDITIONS- GROUP GUARANTEE/GROUP PRESSURE

(OPTIONAL)- FORM A GROUP FROM 2 TO 7 MEMBERS- COLLATERAL (IS PREFERRED)- DURATION: FROM 4 - 12 MONTHS- INTEREST RATE : 3%/ MONTH

• REPAYMENT METHOD :- DECLINING PAYMENT & BALLOON PAYMENT

METHOD1717

Individual Loan cont.

• TERMS AND CONDITIONS

‐

GUARANTOR

‐

COLLATERAL

‐

DURATION:  FROM 4 ‐

24 MONTHS

‐

INTEREST RATE : 2 ‐

3%/ MONTH

• REPAYMENT METHOD :

‐

DECLINING PAYMENT  & BALLOON PAYMENT METHOD

18

OPERATION REPORTS

ACTIVITIES DEC 05 DEC 06 DEC‐07 DEC‐08 SEP‐09

Net Loan O/S $506,602 $1,091,495 $1,774,02 3

$4,775,209 $4,592,79 0

Clients‐

Individual

‐

Group

3,3701,0892,281

4,4521,6892,763

6,2942,2674,027

10,3403,6406,700

10,3533,9566,397

Operation Area‐

Cities

‐

Provinces‐

Districts

‐

Communes‐

Villages

121459128

312188216

3220116304

3327161512

1528175594

19

20

Samic OfficeOperation areaNon-operation area

L/O BREAKDOWN BY TYPES OF LOAN

21

L/O BREAKDOWN BY TYPES OF  CURRENCIES

‐23‐

SIEM REAP PROVINCE

• Population: 456,461• No of Households: 180,743• Urban: 23.77%• No of Districts:  12• Chief of Products: Tourist 

industries, Rice mills, and  Fisheries

SIEM REAP BRANCH

• Operational Date: Feb‐08• Operational Outreach: 3 

districts, 18 communes, 88  villages

• No of Staffs: 10

BRANCH STRUCTURE

Trend of Net Loan Outstanding

Trend of Clients

Trend of PAR Ratio

Souvenir and Decoration

Heng Sunpov, Female, Siem Reap province, borrow $1,000 to expand

her 

businesses. The repayment method is declining within 12 months.

Ice Grinning and Gas distribution 

Chea Sinath, Female, Siem Reap province, borrow 2,000,000 KHR 

(equivalent to 500 USD) to fulfill her business cash flow and expansion. 

The repayment method is declining within 12 months.

Khmer Cheese and other kinds of foods

Eath Sarem, Female, Siem Reap province, borrow $4,000 to buy more 

fishes to supply the demands at the few provinces beside Siem Reap. The 

repayment method is declining within 12 months.

Motor Repairing and Spare Part change

Mith Kakvey, Male, Siem Reap province, borrow $1,500 to reside motor 

spare parts more. The repayment method is declining within 12 months.

Raw material for construction supplies

Krud Lab, Female, Siem Reap province, borrow $5,000 to reside more 

materials to supply the huge demand. The repayment method is 

declining within 18 months.

All Plastic Supplies are available here

Beng Ravy, female, Siem Reap province, borrow $8,000 to import more 

plastic and other products. It is her 2nd

cycle and this time, she decides to 

repay as declining method.

SculptureKhun Savin, Female, Siem Reap province, borrow $1,000 to buy raw

materials for their sculptural businesses and start a new business‐

grocery selling. The repayment method is declining within 12 months.

Thanks

WWW.SAMIC.COM. KH