To alleviate the poverty and to develop the economy of the nation, it is necessary for the people to have the careers, to run household businesses or small or medium enterprises according to their capacity, techniques and experiences. However, the people usually face difficulties in accessing to the source of capital to establish and expand their businesses.
Because of this issue, a group of shareholders have cooperated with each other to establish a microfinance institution called CAMMA MICROFINANCE LIMITED with the registered at the Ministry of Commerce on 06 April 2010 and licensed by the National Bank of Cambodia on 29 July 2010.
Vision and Mission
Become a reliable microfinance institution which provides the Cambodian people with opportunities to improve their livelihoods through accessing the loans from Camma Microfinance Limited.
Our mission is to efficiently and sustainably provide a wide variety of microfinance services to entrepreneurs of small and medium enterprises who are farmers, handicrafts and businesspersons and ensure great benefits for shareholders, staff and the society as a whole.
Camma’s Name and Identity
In Khmer context, the word “CAMMA” means “well-being”. Well-being is a core factor that our institution is keeping in mind because the well-being of the clients means the well-being of our institution as well as of the society as a whole.
The identity of CAMMA is inscribed with a head of golden phoenix carrying a stem of paddy by its beak surrounded by letter C symbolizing the word CAMMA with yellow, grey and green colors. Under the golden phoenix head, the red Khmer and English as CAMMA MICROFINANCE are inscribed.
The golden phoenix’s head represents the cash and the potential of providing reliable loans to the people. The stem of paddy symbolizes the agricultural produces and diversified businesses of the people who obtain the loans from Camma Microfinance Limited. The green color symbolizes the natural environment and the growth of businesses of the clients and the institution. The yellow symbolizes the creativity and the common sense of the staff. The light grey between the yellow and the green symbolizes the closest interaction between the institution and the clients. The red color symbolizes the courage of the staff in providing the microfinance service to the clients to bring about the prosperous living standard to the clients.
Board of Directors Message
Over recent years, Cambodia’s economy has being grown at an approximately rate 7%, along with the political stability makes both domestic and foreign investors as well as clients increasingly confident in the economy. The investment in microfinance sector has also increased from year to year. Virtually, in the last five years from 2010 to 2014 microfinance institutions increased from 25 to 45. In addition, some banks have also turned to capture market share in microfinance sector to provide small and medium-sized loans to its clients. The growth of microfinance institutions and the bank’s strategic changing get customers to have more options in planning their budget in order to improve their living standards and reduce the poverty. Meanwhile, microfinance sector meets challenges such as staff’s leaving from place to place, many indebted consumers and competition to grab customers.
Even though Camma has these problems, it remains to succeed more than the previous year in providing loans. For credit balances in 2014, Camma achieved 94.64% of the plan set, which is equivalent to US $ 4,736,462. Return on equity increased in rate of 3.00% which is equal to 19.94% if compared to 2013. Return on asset increased in a rate of 24.62 in 2014. This result indicates the progress of Camma and its ability to adapt with facing issues in vision of microfinance sector.
In 2014, the Board of director welcomed Mr. Thun Vattana, who is a new formal member in January 02, 2014 to replace of Mrs. Say Channak, who has resigned from her responsibility. On behalf of the board of directors, I’d like to thank Mrs. Say Channak who contributed to build Camma during the past five years. Mr. Thun Vathana is a professor, who has highly experience in microfinance sector. I hope that the presence of Mr. Thun Vathana will make Camma’s corporate governance have more strength and will be a guide in leading Camma to get more successful.
Camma’s long-term strategy is to build strong corporate governance, which is the basis of the welfare and progress of Camma. Accordance with this clear strategy, I strongly believe that the ASEAN economic integration 2015, management and all employees of Camma will overcome every problem and take opportunity from this integration.
Camma’s success cannot take shape without any support of shareholders, financial partners and the authorities at all levels. Management and staff are the strong pillars of Camma. Therefore, on behalf of the Board of directors I would like to thank all of you who contribute to the success of Camma.