Phnom Penh – On February 15, 2019, at 2:00 PM at the headquarter of AMK Microfinance Institution Plc. held the press conference on Cooperation on Financial Health Check between Credit Bureau Cambodia (CBC) and AMK Microfinance Institution Plc. The two parties have signed the Memorandum of Understanding to make this service available at AMK’s branches, effectively from January 2, 2019, onward.
The press conference honors with the presence of Mr. Oeur Sothearoath, Chief Executive Officer of CBC, Mr. Kea Borann, Chief Executive Officer of AMK, the management team from both parties, and the journalists.
Mr. Oeur Sothearoath, CBC’s CEO said that “within the 6 years of operation, CBC has started with its core service, credit report, which allows its members to understand their customers better and make a decision on loan approval faster, more effective, and more responsible. In addition, this system also helps the general public to understand their creditworthiness to be ready for the loan application. Besides, this credit reporting system also contributed to the financial and economic stability.”
“Due to the importance of credit report to the general public as well as to make it convenient for people living in the province and rural areas, CBC developed the financial health check service with the cooperation with the strategic partner, AMK Microfinance Institution Plc, which has 150 branch office to extend this service available at the branch level of the institution. For the first phase, it is available at 5 provincial branches and expects to roll out to all the branches by end of 2019.” He added.
Financial Health Check is one of CBC services, that allows all public consumers to check his/her own creditworthiness/credit report via strategic agents of CBC. To check their credit health, the general public is just required to bring their national identity card or passport and visit either branch among the 5 branches such as headquarter, Pou Senchey Sangkat Chaom Chau 3 Branch, Kampong Cham Branch, Kandal Branch, or Siem Reap Branch.
Mr. Kea Borann, CEO of AMK said that “AMK is delighted to cooperate with CBC in providing financial health check service to the Cambodian people through the personal credit report request at our Branch office. AMK is serving over 760,000 clients and covers all districts and communes in the kingdom. This financial health check service will help them to understand their financial health at their own wish and promote financial knowledge and responsible for the use of loan with financial institutions.”
Since 2012, CBC has been serving both its members and individuals with its core service, Credit Report. This system has largely contributed to all stakeholders such as general public, financial institutions, and financial sector.