1. Address: B#11 Borey Premprey, Tropengses, Kokchhork, Siem Reap City, Cambodia
Office Phone: (+855) 15 282 085
Mobile: (+855) 98 999 593
Email Address: ceo_miogroups@yahoo.com
Micro Credit…Banking for the poor
The idea of micro credit first bore fruit when Nobel Prize winner Professor Muhammad Yunus established the
Grameen Bank in Bangladesh in 1983; fueled by the belief that credit is a fundamental human right. His objective was
to help poor people escape from poverty by providing loans on terms suitable to them and by teaching them a few
sound financial principles so they could help themselves.
From Dr. Yunus' personal loan of small amounts of money to destitute basketweavers in Bangladesh in the mid-70s,
the Grameen Bank has advanced to the forefront of a burgeoning world movement toward eradicating poverty
through microlending. Replicas of the Grameen Bank model operate in more than 100 countries worldwide.
Micro Credit Cambodia
MIO Plc. opened its doors in August 2015 in Siem Reap Cambodia. The company was created by Miss Mihoko
Onozawa, a Japanese national, and her Cambodian partner Chan Dara. MIO Plc now delivers financial services at
affordable costs to sections of disadvantaged and low-income segments of Cambodian society, who would normally
be considered non bankable. Loans as small as $250 USD can make a tremendous difference to poor workers. These
small sums of money would be too insignificant to process by a commercial bank but has made the difference between
virtual wage slavery and financial independence for many poor Cambodians. The overall goal of MIO is to eliminate
poverty in Cambodia by extending financial services and addressing the constraints that exclude people from full
participation in the financial sector.
Introduction to Cambodia
*Cambodia was recognized as a developing country; a Southeast Asian nation whose landscape spans low-lying
plains, the Mekong Delta, mountains and Gulf of Thailand coastline. Its capital, Phnom Penh, glittering Royal Palace
and the National Museum's historical and archaeological exhibits. In the country's northwest lie ruins of Angkor
Wat, a massive stone temple complex built during the Khmer Empire. Cambodia is a member of Asian.
Capital: Phnom Penh
Religion: Buddhism
Currency: US dollar & Cambodian Riel
Population: 18 million
Language: Khmer
Law System: takes place in a frame work of a constitutional monarchy, where by the Prime Minister is the head
of government and a Monarch is head of state. Trustful lawyer service are available for local and
international service.
http://www.hg.org/attorney/bng-legal/35792
http://www.cspalawfirm.com/
Market of Microfinance: Huge demanding of financial in this develop country. Why?
*Research the four most significant factors of quality of life in Cambodia
1. First Factor “Natural Living and Idea Development”
1993-1995, After Pol Pot regime the country was changed, nutritious food to eat was deserved, freedom to act on
one's beliefs and people can access to education. This period traditional living of Cambodian people is still remain
practice with the daily income of $0.90 per-day, which equal $30 per month. During this time the transformation of
Cambodia GDP was increasing 294.07 million dollar.
2. Address: B#11 Borey Premprey, Tropengses, Kokchhork, Siem Reap City, Cambodia
Office Phone: (+855) 15 282 085
Mobile: (+855) 98 999 593
Email Address: ceo_miogroups@yahoo.com
Cambodian Traditional House during 1993-1995
NGOs Role in Cambodia
1995-1999, Many NGOs was formed such as ACLEDA, SATHAPANA, PRASAC MFI in providing finance solution, and
business consultancy; Most of them are becoming commercial bank and Microfinance. One worker can earn $65 to
$75 per month. We observed that some part of daily living was changed even, housing or daily consumption. Future
more, people try to make their life better and the first need is housing. In additional, the Cambodia GDP was grew
298.95 million dollar.
Cambodian Wooden House
Local and international NGOs are a team of resource
development in education, living value and human
rights protection and agriculture.
3. Address: B#11 Borey Premprey, Tropengses, Kokchhork, Siem Reap City, Cambodia
Office Phone: (+855) 15 282 085
Mobile: (+855) 98 999 593
Email Address: ceo_miogroups@yahoo.com
2. Second Factor “Human Development Index”
1999-2003 strong connections to one's community and as known of ASIAN Integration (may include culture, place,
and language) the opportunities for recreation factory, tourist, agriculture are started, which contributed to
provided many jobs for Cambodian people and economic. Tourist is one of this contribution, and every year more
than 4.5 million tourist are report accessed to Cambodia. For instance, agriculture also one of the most importance
for the country. Now day people try to modernize their farming by using tractor of machine instead of human labor.
The GDP was grew 360.14 million dollar.
Tourist at Angkor Wat (Siem Reap) and Sihanuokville
Third Factor “Satisfaction with Life Index”
2003-2015 Cambodian people now day was changed their mind to see the outside countries with the effort to
modernize family economic and micro entrepreneurship. People start to know about financial service and
comfortable living. The report of GDP of Cambodia in 2014 is 16.To
Tourist in Cambodia
2015 one worker able to earn $128. For instance of 2016 the labor will be $177 of a worker. This is the possibility
and ability to pay for better living. Average worker can earn between $250 to $800 per-month. The highest level can
earn from $800 to $1800 per-month.
House in Urban area
4. Address: B#11 Borey Premprey, Tropengses, Kokchhork, Siem Reap City, Cambodia
Office Phone: (+855) 15 282 085
Mobile: (+855) 98 999 593
Email Address: ceo_miogroups@yahoo.com
Fourth Factor Happy Planet Index
2015 Now the number of Cambodian people who has money to afford with new house such as apartment, or
condominium are expected to be numerous the end of 2020.
The condominium in Phnom Penh
Apartment in Siem Reap City
A dream to have a nice and comfortable house is what people though, how can Cambodian afford to get their
achievement from nothing?
*Our Client:
Molee Tek,is a 25 year old is a hairdresser from in Siem Reap. “My mother
and I didn’t have enough money to start our own shop. In 2015 Molee
received her first loan from MIO Plc of $500 towards opening her own shop.
Molee said “Mom and I are workingtogether and we felt we want to have a
bigger shop in the future”. Now Molee has received her second loan of $1500
for shop renovations.
Sambo Heng, 27 years old, living in Siem Reap province. “My husband
works as a builder and I stay at home so I decided to sell groceries
from my home, I started to raise this family business from a $250
loan from MIO Plc.” Now Sambo has increased her loan to $1000 to
achieve her goal. “My neighbors spend more time in my place now
than they do in the market. She added that “With this amount not
only can I fulfill my dream of having my own grocery store, but now
that we have money my builder husband can renovate our house to
support our new industry”.
5. Address: B#11 Borey Premprey, Tropengses, Kokchhork, Siem Reap City, Cambodia
Office Phone: (+855) 15 282 085
Mobile: (+855) 98 999 593
Email Address: ceo_miogroups@yahoo.com
Hat Man living in Siem Reap province. “I sold vegetables from a small
stall in the market for more than 3 years. I used to earn from $12 to
$25 per day” Hat said. “I took a loan from MIO Plc. Of $200 in order
to buy more vegetables. I had tried to get bank loans before but it was
impossible for such a small amount. They just weren’t interested. Mio
Plc has helped me expand my business and gave me the opportunity
to grow. Eventually I hope to open my own shop. Some of my income
was used to support my family and my children’s school fees study at
school. I hope MIO Plc will continue to support me when I need to
expand my business in future”. Hat Said.
Mean Leng 35 years old living in Siem Reap. Mean has a rice farm and her
husband works elsewhere. She applied for a loan from MIO Plc for$150 to
maintain her rice planting machine. “I planted rice two times per year, but
it was very hard work. I want another life my son and need to earn more
money to put him through school. Our lives are very hard but hopefully my
son’s education can help make a change for all of us. Mean said. She added
“We were really lucky to get loan from MIO Plc. Now we can afford to keep
our rice planting machine maintained and cover our basic needs with a
little left over for our son’s education
Mrs Srey Mao lives in a village near Siam Riep and took a loan of $200 to
expand her business making traditional Khmer cake. “Our country is changing
quickly but local people still love the traditional Khmer cake. With the support
of MIO Plc I can continue doing the job I love and continue bringing happiness
to the local community”. Said Srey
6. Address: B#11 Borey Premprey, Tropengses, Kokchhork, Siem Reap City, Cambodia
Office Phone: (+855) 15 282 085
Mobile: (+855) 98 999 593
Email Address: ceo_miogroups@yahoo.com
Success Company about financial service in Cambodia:
1. Sathapana Limited & Harahan Japan Bank was established as a Cambodian non-government organization
(NGO) in 1995, under the name of Cambodia Community Building (CCB) and first capital is $230,000.00
(1995). In 2014 the Capital was reach $ 300 million and April of 2016 Sathapana has corporate with
MARUHAM JAPAN BANK and become commercial bank.
http://www.sathapana.com.kh/english/otherpage.aspx?key=gm_message_1
2. SAHAKRENAPHEAP MICRO FINANCE Plc
Establish in 2011 as Credit Operator with capital $200,000.00, in 2015 SAHAKRENAPHEAP have 45 branches
in Cambodia with Capital $8 million.
3. NIRON MICRO FINANCE Plc
Established in 2006 with first capital $ 60,000.00 with 6 staffs, today NIRON have share capital $42 million.
0
200,000,000
400,000,000
600,000,000
800,000,000
1,000,000,000
1,200,000,000
1995 2000 2013 2015
SATHAPANA & MARUHAM
Sathapana Maruham Capital
$0
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
$35,000,000
$40,000,000
$45,000,000
1/1/2011 1/1/2012 1/1/2013 1/1/2014 1/1/2015 1/1/2016
SAHAKRINAPHEAP Plc
Capital Loan Outstanding
7. Address: B#11 Borey Premprey, Tropengses, Kokchhork, Siem Reap City, Cambodia
Office Phone: (+855) 15 282 085
Mobile: (+855) 98 999 593
Email Address: ceo_miogroups@yahoo.com
*No information from 2007 to 2014 (http://www.niron.com.kh/)
4. Acleda Bank Plc With 257 offices and 11,901 staffs. Established in 1993 started from NGO project with
Capital of $ 300,000.00
http://www.acledabank.com.kh/kh/eng/
Yellow: Acleda capital
Green: Shareholder & Investor
$0
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
$80,000,000
NIRON Plc
Capital Loan Outstanding
