Since 2006, Chamroeun has been offering microfinance products to very poor urban families.

Chamroeun started its microfinance activities as a programme of "Entrepreneurs du Monde", a French international-development NGO. Managed as a Social Business, the Institution started to extend its agency network outside of Phnom Penh in 2007.

A network focused on the province of Phnom Penh, and currently being developed in other urban areas

• Chamroeun operates in five provinces via a network of 10 agencies. It works mainly in the province of Phnom Penh, one of the least served of the country.
• Its 2011 objective is to develop its activity in the urban areas of Kampong Speu, Bantea Mean Chey and Kampong Thom.
• As of december 31 2010, Chamroeun’s loan portfolio reached 1,28 million Euros, for 14,936 clients including 12,051 women.

A broad range of financial and non-financial services

The institution provides a range of four services, including both financial (loans and microinsurance) and non-financial (training and social aid) products.

At the same time, Chamroeun has established an emergency loan for its clients, in order to provide them financial support in the event of unexpected difficulties. It covers hospitalisation and childbirth costs, funeral costs for a member of the family, or the purchase of reconstruction material following a disaster or fire.

+ Chamroeun’s website

Support from Grameen Crédit Agricole Microfinance Foundation

The Foundation has approved financing for Chamroeun in the form of a loan in riels equivalent to 100,000 euros for a period of three years, with a grace period of one year.

In 2011, the foundation accepted to grant an other loan in local currency to Chamrouen, equivalent to 346 000 euros. 

More on the Foundation’s approach to microfinance