| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.chamroeun.com/ |
| Year established | 2006 |
| Head of Institution | Sophea Suon |
| Regions active | Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, KepKratié, Phnom Penh, Pursat, Prey VengSiem Reap, Takéo |
| # Branches | 40 |
| Total Portfolio (nat'l) | KHR 29,549,677,100 |
| Total Portfolio (USD) | USD 7,480,930.91 |
| Active clients with loans | 48,192 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | CMA, BWTP, Mix Market, SPTF |
| Funders | Entrepreneurs du Monde, Microfinance Solidaire, Grameen Credit Agrole Microfinance Foundation, Chamroeun Staff Association |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Chamroeun Loan | KHR 100,000 - 1,600,000 | 3 - 12 | 80% - 100% | 20% - 40% | Business, Agriculture | Women, Men, Have business, Have home or land | Credit Educ, Tech Asst Visits, Business Training, Other Training, Social training ( health, nutrition, domestic violence, waste management) | |||||||
| Developing Loan | KHR 100,000 - 1,000,000 | 3 - 12 | 80% - 100% | 20% - 40% | Business, Agriculture | Women, Men, Have business | Credit Educ, Tech Asst Visits, Business Training, Other Training, Social training ( health, nutrition, domestic violence, waste management) | |||||||
| Entrepreneurs Loan | KHR 1,200,000 - 4,000,000 | 3 - 18 | 80% - 100% | 20% - 40% | Business, Agriculture | Women, Men, Have business, Have home or land | Tech Asst Visits, Business Training, Other Training, Social training ( health, nutrition, domestic violence, waste management) |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Chamroeun Loan | 42.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 45.6% - 52.4% | 45.6% - 52.4% | 88 | ||||||||
| Developing Loan | 39.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 42.7% - 53.8% | 42.7% - 53.8% | 86 | ||||||||
| Entrepreneurs Loan | 39.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 41.5% - 43.8% | 41.5% - 43.8% | 92 |
| Outstanding portfolio (INR) | INR 20,886,422,076 |
| Portfolio (USD) | USD 394,083,435.40 |
| Active Clients with Loans | 3,183,754 |
| Approximate % Female Clients | 100% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | Group Based Individual Lending |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | x |
| Other | Group Leadership Training |
| Other (2) | Financial Literacy & Social Awareness |
| No other services |
| Men | |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | x |
| Household income <60,000 INR | x |
| Household income <120,000 INR | x |
| Must live in rural area | x |
| Must lives in urban area | x |
| Other | Must be 18 years to 60 years |
| Other (2) |
| # Regions for this institution | 18 |
| # Regions for this product | 19 |
| Regions Active | Assam, Bihar, Chhattisgarh, Gujarat, HaryanaJharkhand, Madhya Pradesh, Maharashtra, Meghalaya, Orissa, Rajasthan, Sikkim, Tripura, Uttar Pradesh, Uttarakhand, West Bengal, Andaman and Nicobar IslandsDadra and Nagar Haveli, National Capital Territory of Delhi |
| Currency | INR |
| Minimum loan size | INR 1,000 |
| Maximum loan size | 15,000 |
| Loans less than INR 5,000 | 10% |
| INR 5,000-15,000 | 90% |
| INR 15,000-25,000 | 0 |
| INR 25,000-35,000 | 0 |
| INR 35,000-45,000 | 0 |
| Greater than INR 45,000 | 0 |
| Shortest loan term | 12.0 months |
| Longest loan term | 12.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 100% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 0.3 months |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 22.90% |
| Highest quoted nominal interest | 22.90% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Processing Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Service Tax Extra |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Life Insurance |
| % of loan amount - min | 0.47% |
| % of loan amount - max | 0.97% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 4.68 / 9.68 Rs per thousand of loan for 1 and 2 year respectively |
| Appears on Repayment Sched? | Yes |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 12.4% |
| All or some fees taxed | Some |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | INR 1,000 | INR 3,000 | INR 5,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-10-18 | 2012-09-22 | 2012-09-27 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | 0.2 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | INR 133.26 | INR 407.75 | INR 669.58 | ||
| True Price by Comp | |||||
| Interest price component | 21.8% | 22.9% | 22.9% | ||
| Fee Component | 2.0% | 2.0% | 2.1% | ||
| Insurance Component | 1.1% | 1.0% | 1.0% | ||
| Tax Component | 0.2% | 0.3% | 0.2% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 25.1% | 26.2% | 26.2% | ||
| MFIN MFI Earning (Annualised) | 23.8% | 24.9% | 25.0% | ||
| MFIN Cost to Borrower (Annualised) | 25.1% | 26.2% | 26.2% | ||
| Transparency Index | 91 | 88 | 87 | ||
| MFIN Transparency Index | 100 | 100 | 100 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Key Statistics | |
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| Loan Portfolio (USD) | |
| % Products using declining balance | |
| % Products with one or more fee | |
| % Products with one or more insurances | |
| % Products with compulsory deposits |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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