Status: Approved investment
Back to map

Why disclosure?

FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more

In case of questions

In case of questions, please contact us at


The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

Chamroeun Microfinance Plc is a regulated microfinance institution in Cambodia. Chamroeun’s main product offering consists of small productive loans. Chamroeun currently operates in 15 provinces, has 21 branches, employs over 370 staff and has Total Assets amounting to over USD 40 million as per year end 2021.

What is our funding objective?

FMO’s total loan of USD 10 million will be used to grow the loan book of Chamroeun. Chamroeun’s client base consists mainly of female borrowers in rural areas. As such the investment contributes to decent work, economic growth and reducing inequalities.

Why do we fund this investment?

Although significant progress has been realized the last two decades, still a significant share of Cambodian population has no access to formal financial services. Chamroeun is committed to lifting people out of poverty by providing small uncollateralised loans for productive use and onboarding marginalised people in formal credit channels. With Chamroeun’s focus on female entrepreneurs in rural areas, underserved people are reached by partnering with Chamroeun. Furthermore, FMO brings additionality by providing scarce long-term financing and supporting the growth of Chamroeun’s reducing inequalities portfolio. This transaction will be the first DFI loan to Chamroeun.

What is the Environmental and Social categorization rationale?

Chamroeun E&S is categorized as C given the nature and size of its loans. The company does not have exposure to activities on FMO’s exclusion list or IFC-PS triggered transactions. In terms of Client Protection Principle risk FMO acknowledges the high contextual risks in the Cambodian MFI sector. In this regard it is noted that Chamroeun is a responsible MFI with a strong social mission and is SMART certified (see for more information on SMART campaign here: Loans are uncollateralized, small (average ~ USD 750), predominantly in local currency and provided for productive use to underserved segments (rural and women).

Financial Institutions
Publication date
Effective date
Total FMO financing
USD 5.00 MLN
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)