The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based nonprofit that provides financial services to microfinance institutions, recently notified MicroCapital that it approved a three-year, local-currency loan equivalent to approximately USD 370,000 to Chamroeun, a Cambodian microfinance institution. [1]
As of 2011, Chamroeun reported to the US-based Microfinance Information Exchange (MIX) total assets of USD 4.4 million, a gross loan portfolio (GLP) of USD 3.2 million, 27,990 active borrowers, deposits of USD 876,500 from 42,876 depositors, return on assets (ROA) of 2.41 percent and return on equity (ROE) of 8.89 percent.
For the same year, GCAMF reports reported total assets of EUR 51.1 million (USD 66.2 million) and 45 investment projects in 19 countries that support 30 microfinance institutions (MFIs), four social-business projects and one fund that covers foreign-exchange risk.
By Jennifer Young, Research Associate
About the Grameen Credit Agricole Microfinance Foundation (GCAMF)
The Grameen Credit Agricole Microfinance Foundation (GCAMF) was founded in Luxembourg in 2008 by Credit Agricole SA, a French retail bank, and Grameen Trust (GT), a nonprofit microfinance organization affiliated with Grameen Bank of Bangladesh. GCAMF offers financing products to microfinance institutions (MFIs), focusing on MFIs that prioritize rural development, transparency, consumer protection and serving women. As of December 31, 2011, GCAMF reports reported total assets of EUR 51.1 million (USD 66.2 million) and 45 investment projects in 19 countries that support 30 microfinance institutions (MFIs), four social-business projects and one fund that covers foreign-exchange risk.
About Chamroeun Microfinance
Chamroeun is a microfinance institution (MFI) that was established in Cambodia in 1995. The organization’s mission is to help low-income people in urban areas prepare for unexpected expenses by providing savings, loans and microinsurance. The MFI also helps micro- and small entrepreneurs by engaging them in skills trainings. As of 2011, Chamroeun reported to the US-based Microfinance Information Exchange (MIX) total assets of USD 4.4 million, a gross loan portfolio (GLP) of USD 3.2 million, 27,990 active borrowers, deposits of USD 876,500 from 42,876 depositors, return on assets (ROA) of 2.41 percent and return on equity (ROE) of 8.89 percent.
Sources and Additional Resources
[1] Information provided by the Grameen Credit Agricole Microfinance Foundation (GCAMF) to MicroCapital.
MicroCapital Story, March 15, 2013, “MICROCAPITAL BRIEF: Agence Francaise de Developpement (AFD) to Guarantee Grameen Credit Agricole Microfinance Foundation (GCAMF) Loans, Largely in Sub-Saharan Africa,”
https://www.microcapital.org/microcapital-brief-agence-francaise-de-developpement-afd-to-guarantee-grameen-credit-agricole-microfinance-foundation-gcamf-loans-largely-in-sub-saharan-africa/
MicroCapital Story, March 5, 2013, “MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Loans $1.3m to Microfinance Institution Mitra Bisnis Keluarga (MBK) of Indonesia,”
https://www.microcapital.org/microcapital-brief-grameen-credit-agricole-microfinance-foundation-gcamf-loans-1-3m-to-microfinance-institution-mitra-bisnis-keluarga-mbk-of-indonesia/
MicroCapital Story, March 5, 2013, “MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) to Loan $599k to Oxus Tajikistan,”
https://www.microcapital.org/microcapital-brief-grameen-credit-agricole-microfinance-foundation-gcamf-to-loan-599k-to-oxus-tajikistan/
MicroCapital Story, November 21, 2011, “MICROCAPITAL BRIEF: Grameen Crédit Agricole Microfinance Foundation Lends $2m to Microfinance Institutions Hekima of Congo; Findev of Azerbaijan; Chamroeun, TPC of Cambodia,”
https://www.microcapital.org/microcapital-brief-grameen-credit-agricole-microfinance-foundation-lends-2m-to-microfinance-institutions-hekima-of-congo-findev-of-azerbaijan-chamroeun-tpc-of-cambodia/
MicroCapital Story, January 3, 2011, “MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Makes $1.8m Local-Currency Loan to Koperasi Mitra Dhuafa (Komida) of Indonesia and Thaneakea Phum Cambodia (TPC), Chamroeun Microfinance of Cambodia,”
https://www.microcapital.org/microcapital-brief-grameen-credit-agricole-microfinance-foundation-makes-1-8m-local-currency-loan-to-koperasi-mitra-dhuafa-komida-of-indonesia-and-thaneakea-phum-cambodia-tpc-chamroeun-microfin/
MicroCapital Universe Profile: Grameen Credit Agricole Microfinance Foundation (GCAMF)
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Grameen+Credit+Agricole+Microfinance+Foundation
MicroCapital Universe Profile: Chamroeun Microfinance
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=CHAMROEUN+MICROFINANCE
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