AMK Ranks No.1 on Number of Borrowers
Phnom Penh: AMK microfinance institution Plc. continues standing No.1 in term of borrower account numbers as of August 31, 2016. The numbers have been increased to over 350,000, according to Industry Performance Monitoring Report of Credit Bureau Cambodia (CBC) released in August 2016. The increase is due to AMK has provided various and different kind of loan products with flexibility based on customers’ demand and especially AMK has a wide scope of operations reaching almost of villages in remote areas.
Recently, AMK provides diversified loan products with reasonable interest rate to our clients, living in rural areas. As of August 31, 2016, AMK has extended its operations reaching to 12,470 villages which represent 89% of the total villages across Cambodia.
Mr. Suon Pisey, Head of Credit said that “from year to year, AMK has continuously developed and created new products and services especially loan products in order to meet customers’ demand. Currently, AMK has created new loan products namely Motorbike loan and agricultural loan. In addition, we are going to launch a new loan for micro, small, and medium enterprises with the loan amount up to US,000 in this October 2016.”
He added that “The number of borrowers has been increased is due to AMK has served its clients with quality services, more confidence, flexibility, and our staff are friendly, more helpful, and kinder with professional manner. The most importance is that our financial services have outreached clients even they live in very remote areas. It reflexes our vision and mission to help large numbers of poor people to improve their livelihood options through the delivery of appropriate and viable microfinance services.
AMK is a leading Microfinance Institution in terms of outreach and borrower numbers. As of August 31, 2016, AMK has a total client of around 520,000 with a loan portfolio of over US148 million. The number of offices have reached 151 nationwide and its operations are in 12,470 villages nationwide. This outreach represents 89% of all villages. AMK is providing variety of financial services including Loan, Deposit, Money Transfer, Micro Insurance, Payment Service, Mobile Banking, Payroll Service, ATMs and CDMs.