Angkor Mikroheranhvatho (Kampuchea) Co. Ltd (AMK)


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Brief History Methodology Area of Operations Clients Poverty Focus
Distinctive Features Innovations Financial Results Challenges and Development Plans Inclusion in Financial Sector


Brief History

Angkor Mikroheranhvatho (Kampuchea) Co. Ltd (AMK) originated out of the savings and credits activities of Concern Worldwide Cambodia, which started functioning in 1993. From 1997 to 1999, the savings and credit activities were separated from the community development work, and became one of the programs directly implemented by Concern Worldwide Cambodia, called "Thanakea Ponleu Thmey" (TPT). Concern started the process of developing the program into an independent Cambodian Microfinance Institution (MFI) in mid-2002 to 2003. AMK is now registered as a Limited Liability Company with the Ministry of Commerce, and obtained its license as an MFI by the Cambodian Central Bank in mid 2004.



AMK offers two types of financial services to its members: savings and credits services. Its credit products include: group loans and individual loans



AMK requires compulsory savings ('loan-linked') and introduced a voluntary savings product in September 2004.

Area of Operations

AMK operates from three branches, in Banteay Meanchey, Pursat and Kompong Speu provinces.

The operations cover a total of 610 villages.



AMK's clients are mostly located in remote rural areas usually possessing poor infrastructure facilities and utilities. Most of AMK’s clients are involved in rice production and farming (i.e. subsistence agriculture such as paddy, vegetable and fruit production).


Active clients

Active savers

Active borrowers





85% women

  As of December 2004

Poverty Focus

AMK's target group is the economically active poor, defined as 'poor people with at least one economic activity or business'. Moreover, AMK's mission statement includes 'to help large numbers of poor people in rural Cambodia to increase their livelihood', which is demonstrated by the lowest average loan outstanding balance (US$56) among the major microfinance providers in Cambodia.

Average Loan Outstanding

Average outstanding loan size / GNP per capita

Average deposit size




 As of December 2004


Distinctive Features

AMK is fully owned by an international NGO (Concern Worldwide), provide in average, smaller loans than the rest of the microfinance industry, and has integrated research in the design and development of its products, in order to better match clients profiles and needs. It has introduced high-interest voluntary savings products, which uses a very flexible methodology, while charging an industry low 3% on credit products.



AMK collects, stores and analyses information about outreach to clients on an on-going basis. Client profiles cover information about cash flow patterns, consumption, asset holding and vulnerability. The three main goals of the in-house market and social research are to: (i) inform management decisions on (new) product design or on improving procedures (ii) complement financial information in assessing institutional performance (iii) inform possible investors and donors about identified transformation effects on clients.

Financial Results

AMK is a fully-owned subsidiary of Concern Worldwide. AMK made a US$35,000 loss over 2004, down from a US$61,000 loss in 2003. 


Loan Portfolio

Portfolio at risk

Savings Deposits


RoE / RoA




93% / n/a

n/a / -2%

As of December 2004


Challenges and Development Plans

AMK aims to 'help large numbers of poor people in rural Cambodia to increase their livelihood options through the sustainable delivery of appropriate and viable microfinance services to the economically active poor'. Hence, AMK faces a challenge to achieve operational and financial sustainability, while maintaining its social objectives. It aims to breakeven in 2005.


Inclusion in the Financial Sector

AMK is a regulated microfinance institution. AMK is owned by Concern, through funding by the Irish bank, DEPFA bank. AMK has also been supported financially by USAID and the European Union, and borrows from the Microfinance Alliance Fund.


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