First Finance 14
With this investment of EUR 140,000 local partner First Finance in Cambodia can provide loans to support 13 families in Phnom Prek district to purchase land for their first home. **please note: this project contains an exchange rate risk EUR/USD)**
€140,000
4.50%
24 kuud
6 kuud
USD
ValuutaSumma | €140,000 |
Intressid | 4.50% |
Küpsus | 24 kuud |
Tagasimaksed | 6 kuud |
Valuuta | USD |
Projekt
Summary
First Finance (“FF”) is a Cambodia-based mortgage provider for low- and middle-income borrowers. FF operates under a non-deposit taking microfinance license from the National Bank of Cambodia (NBC). The company is owned by several national and international (impact) investors, among which Norfund and Insitor. Amongst its lenders are Oikocredit, Symbiotics, BlueOrchard and Triple Jump.
First Finance’s mission is to build economic stability of low-income Cambodian families by increasing access to home ownership. The company positions itself as “housing solutions partner”, not only providing finance but also providing legal advice, construction planning, and home purchase decision-making services.
First Finance focuses on low- and middle-income salaried employees or self-employed business owners. Its customers are predominantly employed as office or factory workers and civil servants.
The company is active in 85 (out of 165) districts and in 17 provinces (out of 25), through 9 branches, mostly in urban areas. First Finance reaches its clients through referral programs, direct marketing campaigns, public workshops on financing a home, partnerships and online media. First Finance also manages a call-center to provide consultation on property issues to existing and new clients.
The main products of the company are:
- (First) home loans (mortgages)
- Home improvement loans (loans for constucting a house on existsing land or to renovate an existing house)
- Residential Land loans (loans for the purcahse of land for residential purpsose)
- Home equity loans (loans for consumptive or productive use based on the value of an existing home)
Use of Proceeds
With this investment of EUR 140,000 local partner First Finance in Cambodia can provide loans to support 13 families in Phnom Prek district to purchase land for their first home.
Mission
The company’s mission is to build the economic stability of low-income Cambodian families by increasing access to home ownership through the provision of finance.
Vision
To help low-middle income families in Cambodia to live in dignity, security, happiness, and stability through home ownership.
Highlights or Awards:
- In 2012, First Finance won an ASEAN Business Award in the category of Growth (for SMEs).
- In 2017, FF was selected as semi-finalist for the European Microfinance Award. The theme of the award is Microfinance for housing.
Ettevõtte nimi | First Finance |
TEGEVJUHT | Sothany Chun |
Asutatud | 2008-01-01 |
Asukoht | Phnom Penh |
Sektor | Teenused |
Käive | $3,700,000 |
Töötajad | 125 |
Krediidiskoor | B+ |
Mõju
75% kambodžalastest ei saa endale maja osta. Kambodžas on koduomanikuks saamine madala ja keskmise sissetulekuga perede jaoks üks majandusliku stabiilsuse võtmetest. First Finance pakub pikaajalisi kodude parandamise laene, mis võimaldavad vähekindlustatud peredel osta, ehitada või parandada kodu, mille üle nad võivad uhked olla. Lisaks sellele läheb First Finance oma abiga sammu võrra kaugemale, sest nad õpetavad inimesi oma kinnisvara ohutult ostma ja müüma ning teevad tööd selle nimel, et kaitsta Kambodža elanikke kinnisvara ostmisega seotud riskide eest. Juurdepääs turvalisele ja taskukohasele eluasemele parandab elatustaset, laste tervist ja arengut ning vaimset ja füüsilist tervist. Samuti toob see kaasa töökohtade loomise, sissetulekute suurenemise ja keskkonnasäästlikkuse.
SKT's mõjutatud
Selle projektiga aitate kaasa järgmiste säästva arengu eesmärkide saavutamisele:
SKT 1. Ei ole vaesust
SKT 11. Jätkusuutlikud linnad ja kogukonnad
Loe lähemalt mõju kohta, mida saad meie platvormi ja SKT kaudu avaldada , meie mõju leheküljelt.
- Selle investeeringuga luuakse 10 töökohti
- Selle investeeringuga parandatakse 65 elu