Switzerland’s responsAbility Social Investments AG recently reported to MicroCapital that it has made local-curency loans equivalent to USD 1.8 million to Cambodian microfinance companies Angkor Mikroheranhvatho Kampuchea (AMK) and Thaneakea Phum (Cambodia) Limited. AMK received the equivalent of USD 1.31 million, USD 707,000 from the responsAbility Global Microfinance Fund (rAGMF) and USD 606,000 from the responsAbility Mikrofinanz-Fonds (rAMF). ResponsAbility invested USD 506,000 in Thaneakea Phum (Cambodia) Limited (TPC) through rAMF [1].
As of December 31, 2010, AMC reported to US-based nonprofit data provider Microfinance Information Exchange (MIX) total assets of USD 43.9 million, gross loan portfolio of USD 31.7 million, return on assets (ROA) of 1.90 percent, return on equity (ROE) of 6.86 percent, and about 251,000 active borrowers. As of December 31, 2010, TPC reported to US-based nonprofit data provider Microfinance Information Exchange (MIX) total assets of USD 31.7 million, return on assets (ROA) of 2.78 percent and return on equity (ROE) of 14.7 percent. As of September 30, 2011, it reported a gross loan portfolio of USD 29.2 million and 91,033 active borrowers.
By Natalie Baer, Research Associate
About Angkor Mikroheranhvatho Kampuchea (AMK): Angkor Mikroheranhvatho Kampuchea (AMK) is a microfinance institution (MFI) located in Cambodia. It was originally founded in 1999 by Concern Worldwide, a charitable organization located in Ireland. It became an independent company in 2003 and was licensed as an MFI in 2004. It offers loans and was granted a deposit-taking license in February of 2010. As of December 31, 2010, it reported to US-based nonprofit data provider Microfinance Information Exchange (MIX) total assets of USD 43.9 million, gross loan portfolio of USD 31.7 million, return on assets (ROA) of 1.90 percent, return on equity (ROE) of 6.86 percent, and about 251,000 active borrowers.
About Thaneakea Phum (Cambodia) Limited (TPC): Thaneakea Phum (Cambodia) Limited (TPC) was launched in 1994 in Cambodia as part of the Small Enterprise Development program of US-based nonprofit Catholic Relief Services (CRS). In 2002, the initiative was incorporated as a limited liability company and given the name Thaneakea Phum (Cambodia) Limited. In 2003, TPC received its license from the National Bank of Cambodia to operate as an official microfinance institution. As of December 31, 2010, it reported to US-based nonprofit data provider Microfinance Information Exchange (MIX) total assets of USD 31.7 million, return on assets (ROA) of 2.78 percent and return on equity (ROE) of 14.7 percent. As of September 30, 2011, it reported a gross loan portfolio of USD 29.2 million and 91,033 active borrowers.
About responsAbility Social Investments AG: Founded in 2003, responsAbility Social Investments AG is a Swiss investment company whose products aim to enable investors to earn a financial return while assisting people in emerging markets to access information and markets in sectors such as microfinance, small and medium-sized enterprise (SME) financing, fair trade and independent media. As of September 2011, responsAbility reported total assets under management of approximately USD 1 billion. responsAbility is backed by Swiss financial institutions and a social venture capital company as founders and shareholders including Baumann & Cie, Banquiers, Credit Suisse, Raiffeisen Schweiz, Swiss Re, Bank Vontobel AG as well as George Avenue.
About responsAbility Global Microfinance Fund (rAGMF): The responsAbility Global Microfinance Fund (rAGMF) is a microfinance investment vehicle (MIV) managed by responsAbility Social Investments that invests in microfinance institutions (MFIs) and other MIVs, mostly through short- to medium-term debt securities. rAGMF also invests up to 10 percent of its assets in the equity of MFIs. In April 2011, its annual label was renewed by the Luxembourg Fund Labeling Agency (LuxFLAG), an organization that investigates whether investment vehicles actually support the microfinance sector. rAGMF reported to the US-based nonprofit Microfinance Information Exchange (MIX) fund assets of USD 532 million in 2011.
About Mikrofinanz-Fonds: Mikrofinanz-Fonds is a microfinance investment vehicle (MIV) that was launched in 2007, is managed by responsAbility Social Investments AG of Switzerland and is funded by German financial institutions Bank im Bistum Essen and Stadtsparkasse Dusseldorf. It invests in short- to medium-term income-bearing debt securities of microfinance institutions (MFIs). In April 2011, its annual label was renewed by the Luxembourg Fund Labeling Agency (LuxFLAG), an organization that investigates whether investment vehicles actually support the microfinance sector. Mikrofinanz-Fonds reported to the US-based nonprofit Microfinance Information Exchange (MIX) fund assets of USD 141 million in 2011.
Sources and Additional Resources:
[1] Information provided to MicroCapital.org by responsAbility
MicroCapital.org story, January 18, 2012, “MICROCAPITAL BRIEF: responsAbility Lends $4m to ACLEDA Bank, Hattha Kaksekar Limited (HKL) of Cambodia,” https://www.microcapital.org/microcapital-brief-responsability-lends-4m-to-acleda-bank-hattha-kaksekar-limited-hkl-of-cambodia/
MicroCapital.org story, March 14, 2012, “MICROCAPITAL BRIEF: responsAbility Invests $2m in Jordan’s Middle East Micro Credit Company (MEMCC), Palestine for Credit and Development (FATEN),” https://www.microcapital.org/microcapital-brief-responsability-invests-2m-in-jordans-middle-east-micro-credit-company-memcc-palestine-for-credit-and-development-faten/
MicroCapital Universe profile: Angkor Mikroheranhvatho Kampuchea (AMK) https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Angkor+Mikroheranhvatho+Kampuchea+%28AMK%29
MicroCapital Universe profile: Thaneakea Phum (Cambodia) Limited https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Thaneakea+Phum+%28Cambodia%29+Limited
MicroCapital Universe profile: responsAbility Social Investments https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=responsAbility
MicroCapital Universe profile: responsAbility Global Microfinance Fund (rAGMF) https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=responsAbility+Global+Microfinance+Fund+%28rAGMF%29
MicroCapital Universe profile: Mikrofinanz-Fonds https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=responsAbility+Mikrofinanz-Fonds
Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/
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