Acleda Bank Reporting In Resent Year
Chief Executive Officer Message
New challenges are coming up such as, the growth and expansion after the crisis and competition is the forefront factor to microfinance operators in this coming year. Sathapana management and staff are well prepared and ready to move on with very positive success. New technology of microfinance has continued to improve the Cambodian economy and change the living standards of its people.
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| Acleda Bank |
Now that the impact of the global financial crisis has passed by, allowing all
economic industries to recover most of their business activities, tourist
industry has turned to a good progress (increasing visitors coming in), the
garment industry, known as the major export industry in the country, has
improved its sales gradually, real estate has been slow to come back (recover)
but giving a sign of growth, while the agricultural sector has taken a chance
to move a little faster as it has a strong demand which reflects the increase
of harvest and sale. The crisis was not really bad for Cambodia , but it brought us a good
lesson to learn from and how to face such difficulties, although microfinance
would foster itself very well during this period.
The microfinance industry has been very well developed, and it has continuously
functioned to improve Cambodian economy. It provides a long-term partnership
with entrepreneurs in business development and expansion so that it can
contribute to poverty reduction and economic development effectively. As at the
end of December 2010, there were 25 licensed MFIs have extended services to all
provinces and cities making different choices for clients while each operator
needs to compete strongly in making their products more attractive and
accessible to all people in rural and urban areas. As its nature of partnership
with poor people, their offices have been set up at communal, district and
provincial level, which make a total number of 724 offices, providing loans to
1,176,353 households with a portfolio outstanding of US$ 648 million by keeping
portfolio at risk (PAR) after 30 days at 1.3%. SATHAPANA Limited is in the top
three, in terms of portfolio outstanding and it is recognized as the most
leading MFI in terms of business attitude and management.
SATHAPANA Limited made a very good record for the year as its portfolio grew at
46% along with the improvement of portfolio quality as it brought down
portfolio at risk after 30 days from 2% in 2009 to only 0.9% in 2010. Total
operation offices are: 40 covering 15 provincial areas, with 965 full-time
employees reaching to 43,566 customers with the total portfolio of US$ 57
million as at the end of December 2010. The most remarkable success of the year
was the public deposit as it could improve tremendously from US$ 3 million in
December 2009 to US$ 17 million by end of December 2010. The total
public-deposit growth of 456% has led Sathapana to be on top of the
microfinance market in regards to public deposit collection. This result
reflected the strong trust building that has gained together with company image
has increased rapidly in the public through the best effort of staff and
management in managing business operations.
The New Year will bring new experience and create a new history also bring new
challenges for individuals as well as Sathapana limited. Looking ahead for the
up-coming year of 2011, there has been significant improvement in economic
change that brings more opportunities for Cambodian entrepreneurs to improve
their business operation. Therefore, this opportunity will enhance microfinance
to expand its role in supporting all demands of financing those businesses.
Sathapana's staff and managers are strongly confident that it will bring more
success for the coming year. At the end, we would like to express our sincere
thank to all stakeholders, such as National Bank of Cambodia, Investors,
Creditors, Board of directors, Shareholders and especially our valuable clients
who continuously support. A special thanks to staff and managers for their
strong commitment in supporting and mSATHAPANA BRANCH
Operation branches in provinces and cities:
Passbook Saving
Passbook account is a type of account allowing you easy to
withdraw or deposit your money any time and any places. From this account, you
are able to obtain 4% interest rate per year. It is the best choice for those
who need to keep their money is a safe place and need to use money in daily
basis.Benefits
• Keep your cash in a safe and secure place
• No service charge for opening an account
• Recieve 4% interest rate per annum
How to open passbook account?
• Visit any nearest Sathapana branches
• Bring your identity card, family book, birth certificate or passport
• Open your account with a minimum of five dollars (5 USD) of forty thousand riels (40,000 riels)
Passbook Saving Interest Rate
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Type of Accounts
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Interest Rate Per Annum
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USD
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4.00%
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KHR
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4.00%
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• The above information is subject to change at any time without prior notice
Fix Deposit Saving
Fixed Deposit Account is the term deposit that is higher interest rate
than Passbook Saving Account. There are two kind of Fixed Deposit Accounts:
Monthly Interest Fixed Deposit and Interest on Maturity Date Fixed Deposit.Fixed Deposit type :
Monthly Interest Fixed Deposit is account that the customer can withdraw the principle amount at the maturity and Interest will be paid monthly.
Fixed Deposit Interest Rate
Interest on Maturity Date Fixed Deposit is account that the customer can withdraw the principle amount at the maturity and Interest will be paid on the maturity date.
* Close before maturity date, interest rate is 4% per annum. * The above information is subject to change at any time without prior notice. |
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Local Money Transfer
You can transfer money to all the SATHAPANA branches in
municipals, cities, districts, khans in
Fee for Local Transfer (SATHAPANA Limited – SATHAPANA
Limited)
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Description
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USD
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KHR
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% Charge
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Minimum charge
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% Charge
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Minimum charge
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Money Transfer via Passbook Saving
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0.1%
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USD1
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0.1%
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KHR 4,000
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The above information is subject to change at any time without prior notice.
Small and Medium Enterprise
Loan
Small and medium enterprise loan offers to small and medium
enterprises aiming to invest in buying raw materials, real estates, land,
buildings, transportations and other important items to run their business. We
expect that they are capable to generate income which, in turn, creates jobs
for local people to develop and sustain their business and contribute to the
development process of the country.Benefits
- Up to USD 50,000 or equivalent in riel
- Maximum duration: 36 months
- Offer a reasonable interest rate
- Currency: Khmer riel and USD
How to acquire loan?
- Come to any nearest Sathapana’s branches
- Eligible customers have to be 18 year-old or over
- Bring your identity card, family book, birth certificate, passport or other relevant documents
- have a proper shelter and be a resident in a location where Sathapana is operating
Agricultural Loan
Agricultural loan is a type of loan allowing customers to
invest in agricultural activities. It provides to those customers who earn
their incomes seasonally rather than monthly. They are able to use the loan to
buy seeds, fertilizer, or agricultural machineries. From this loan, they are
not only able to leverage their living standard, but also contribute in
agricultural sector which is the backbone of the country’s economy.Benefits
- Help farmers access funds to uplift agricultural activities
- Amount: up to USD 25,000 or equivalent in riel
- Interest rate: reasonable
- Maximum duration: 12 months
- Currency: Khmer riel and USD
How to acquire loan?
- Come to any nearest Sathapana’s branches
- Eligible customers have to be 18 year-old or over
- Bring your identity card, family book, birth certificate, passport or other relevant documents
- Have a proper shelter and be a resident in a location where Sathapana is operating
Small Loan
Small loan is designed for an individual customer who demands loan for thier
business activities or personal usages.It enables them to expand their existing
business. Benefits
- Amount: up to USD 5,000 or equivalent in riel
- Interest rate: reasonable
- Maximum duration: 24 months
- Currency: Khmer riel and USD
How to acquire loan?
- Come to any nearest Sathapana’s branches
- Eligible customers have to be 18 year-old or over
- Bring your identity card, family book, birth certificate, passport or other relevant documents
- Have a proper shelter and be a resident in a location where Sathapana is operating
Consumption Loan
Consumption loan is a loan product giving to customers who
intend to buy home equipments or personal items for using at home. The
customers are able to use this loan for personal needs to improve their living
standard. Benefits
- Amount: up to USD 50,000 or equivalent in riel
- Interest rate: reasonable
- Maximum duration: 36 months
- Currency: Khmer riel and USD
How to acquire loan?
- Come to any nearest Sathapana’s branches
- Eligible customers have to be 18 year-old or over
- Bring your identity card, family book, birth certificate, passport or other relevant documents
- Have a proper shelter and be a resident in a location where Sathapana is operating
Group Loan
Group loan is a type of loan offering to a group of 2 to 8
borrowers. This type loan can help generate daily income for people who live in
rural areas. Throughout this loan, they are able to live in a decent living
standard with enough food and send their children to school, etc.Benefits
- Be able to offer loan to many members, but physical collateral required from only one representative member
- Amount: USD 350 or equivalent in riel
- Interest rate: reasonable
- Maximum duration: 12 months
- Currency: Khmer riel and USD
How to acquire loans?
- Come to any nearest Sathapana’s branches
- Eligible customers have to be 18 year-old or over
- Bring your identity card, family book, birth certificate, passport or other relevant documents
- have a proper shelter and be a resident in a location where Sathapana
Staff Loan
Staff loan is a type of loan providing to Sathapana’s
staff at a reasonable interest rate when they need cash for personal
usages. This loan can fulfill the urgent need of the staff. It can contribute
to promote the living standard of the staff as well as encourage them to
work for the company’s happily.Benefits
- Amount: depends on staff’s salary and period they have served the company
- Interest rate: reasonable
- Maximum duration: 48 months
- Currency: USD only
- Help them improve their living standard
How to acquire loans?
- Come to any nearest Sathapana’s branches
- Eligible borrowers have to be Sathapana’s staff
- Bring your identity card, family book, birth certificate, passport or other relevant documents
History
Sathapana Limited was established as a Cambodian non-government organization (NGO) in 1995, under the name of Cambodia Community Building (CCB), to offer financial and health education service to poor communities. After financial grants were finished in late 1999, CCB adopted a minimalist microfinance approach focusing purely on credit loan and saving service. As a result, the lending operations shifted gradually from predominantly village banking group loans to a mix of solidarity group lending and individual lending.
CCB put forth its efforts to transform into a license microfinance institution. CCB registered at Ministry of Commerce in February 2003 with the new name “Cambodian Entrepreneur Building Limited”. In April 2003, CEB obtained a license of microfinance institution from National Bank of
Acleda Bank Reporting In Resent Year
Reviewed by khmerkhasikor
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Reviewed by khmerkhasikor
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6:40 AM
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