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 mėnesių
6 mėnesių
USD
ValiutaSuma | €140,000 |
Palūkanos | 4.50% |
Brandumas | 24 mėnesių |
Grąžinimai | 6 mėnesių |
Valiuta | USD |
Projektas
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.
Įmonės pavadinimas | First Finance |
GENERALINIS DIREKTORIUS | Sothany Chun |
Įkurta | 2008-01-01 |
Vieta | Phnom Penh |
Sektorius | Paslaugos |
Apyvarta | $3,700,000 |
Darbuotojai | 125 |
Kredito balas | B+ |
Poveikis
75 % Kambodžos gyventojų negali sau leisti įsigyti būsto. Kambodžoje būsto nuosavybė yra vienas iš raktų į ekonominį stabilumą mažas ir vidutines pajamas gaunančioms šeimoms. First Finance teikia ilgalaikes paskolas būstui pagerinti, leidžiančias nepasiturinčioms šeimoms nusipirkti, pasistatyti ar pagerinti namus, kuriais jos galėtų didžiuotis. Be to, First Finance žengia dar vieną žingsnį į priekį, nes moko žmones saugiai pirkti ir parduoti nekilnojamąjį turtą, taip pat stengiasi apsaugoti Kambodžos gyventojus nuo neigiamos rizikos, susijusios su nekilnojamojo turto įsigijimu. Galimybė įsigyti saugų ir įperkamą būstą gerina gyvenimo lygį, vaikų sveikatą ir vystymąsi, psichinę ir fizinę sveikatą. Tai taip pat skatina darbo vietų kūrimą, didesnes pajamas ir aplinkos tvarumą.
TAPpoveikį
Įgyvendindami šį projektą prisidedate prie šių darnaus vystymosi tikslų įgyvendinimo:
TAP 1. Nėra skurdo
TAP 11. Tvarūs miestai ir bendruomenės
Daugiau apie poveikį, kurį galite padaryti naudodamiesi mūsų platforma ir TAP, skaitykite mūsų poveikio puslapyje.
- Ši investicija 10 sukuriamos darbo vietos.
- Šios investicijos 65 pagerina gyvenimą.