[MicroCapital.org]
Angkor Mikroheranhvatho Kampuchea Company Limited (AMK), a deposit-taking microfinance institution (MFI) in Cambodia, has been awarded the second Giordano Dell’Amore Microfinance Best Practices International Award 2011 by the Italian foundation Fondazione Giordano Dell’Amore.
AMK, established in 1999, aims to “help poor people to improve their livelihood options through the delivery of appropriate and viable microfinance services.” It was granted a deposit-taking license in 2010. The products offered by AMK include credit, saving and inter-branch transfer. As of 2010, AMK reported to the US-based nonprofit Microfinance Information Exchange (MIX) total assets of USD 43.9 million, a gross loan portfolio of USD 31.7 million, approximately 251,300 borrowers, return on assets (ROA) of 1.90 percent and return on equity (ROE) of 6.86 percent.
The Giordano Dell’Amore Microfinance Best Practices International Award aims to increase the understanding of microfinance as a tool to fight poverty, promote social inclusion and encourage microfinance practitioners to share successful practices. The focus of the award for 2011 was “transparency, client protection and social impact,” and it was presented during the “Present and Future of Microfinance: Transparency, Client Protection and Social Impact for a Sustainable Growth” Conference hosted by Fondazione Giordano Dell’Amore on October 24 in Italy. Fundación Pro Vivienda Social, a microfinance and infrastructure development nonprofit in Argentina, was the recipient of the first edition of the award in 2009.
About Angkor Mikroheranhvatho Kampuchea Company Limited (AMK):
Angkor Mikroheranhvatho Kampuchea (AMK) is a microfinance institution (MFI) located in Cambodia. It was originally founded in 1999 by Concern Worldwide, a charitable organization located in Ireland. It became an independent company in 2003, was licensed as an MFI in 2004 and was granted a deposit-taking license in February of 2010. It aims to “help poor people to improve their livelihood options through the delivery of appropriate and viable microfinance services.” The products offered by AMK include credit, saving and inter-branch transfer. As of 2010, AMK reported to the US-based nonprofit Microfinance Information Exchange (MIX) total assets of USD 43.9 million, a gross loan portfolio of USD 31.7 million, approximately 251,300 borrowers, return on assets (ROA) of 1.90 percent and return on equity (ROE) of 6.86 percent.
About Fondazione Giordano Dell’Amore: Fondazione Giordano Dell’Amore is an Italy-based foundation established in 1967 to work in development finance. It was formalized under Italian law in 1977 by Cassa di Risparmio delle Provincie Lomabrde, an Italian state-owned bank. The foundation’s mission is to catalyze the skills and resources of Italians in support of the microfinance sector in developing countries. The foundation is a member of Italian Rete Italiana di Microfinanza (RITMI), an Italian microfinance network, and is associated with the European Microfinance Network (EMN), a nonprofit membership organization based in France with offices in Belgium, that promotes microfinance. Financial information on Fondazione Giordano Dell’Amore is not available.
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