AMK Microfinance Institution Plc.

AMK Microfinance Institution Plc. is the leading Microfinance Institutions in Cambodia with the largest number of clients. The origins of AMK Microfinance Institution Plc. (AMK) trace back to Concern Worldwide’s (Concern) micro-credit interventions in the 1990s.

By 2005 AMK made its first operating profit, had its first external borrowing approved and created a social performance management mechanism. In the following years, AMK experienced rapid growth in its core credit business, extending its branch network to every province in the country.

Savings products were rolled out to all branches by mid-2011, and a domestic money transfer product was launched in July 2011. Both of these services were expanded to all 113 AMK branch and sub-branch outlets during 2012.

AMK also introduced an agent-based mobile banking solution during 2011 and 2012.

In 2013 AMK launched ATMs/CDM as additional delivery channels to its customers. To give customers easier and more convenient access to AMK deposit services, AMK added 25 ATMs/CDMs at all branch offices nationwide. By the end of 2014, there was a total of 35 ATM/CDM machines within the network.

Throughout its history, AMK’s commitment to social performance has been absolute. AMK has developed a comprehensive social performance management framework, which ensures that the organization stays focused on its mission to assist large numbers of poor people. Currently, AMK’s 1,740 staff serve over 410,142 clients in 12,075 villages across Cambodia. This outreach represents 86% of all villages.

Source: www.linkedin.com

Category: Payday loans

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