First Finance 14

Kambodsja

First Finance 14

First Finance

Invester i mikrofinans

+ 390 andre investorer

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

Beløp

4.50%

Interesse

24 måneder

Modenhet

6 måneder

Tilbakebetalinger

USD

Valuta

Beløp	€140,000
Interesse	4.50%
Modenhet	24 måneder
Tilbakebetalinger	6 måneder
Valuta	USD

100%

Fullt finansiert på 16 dager på 30 Juni 2022.

Prosjektet

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.

Selskapets navn	First Finance
ADMINISTRERENDE DIREKTØR	Sothany Chun
Grunnlagt	2008-01-01
Beliggenhet	Phnom Penh
Sektor	Tjenester
Omsetning	$3,700,000
Ansatte	125
Kredittpoeng	B+

Påvirkning

75 % av kambodsjanerne har ikke råd til å kjøpe hus. I Kambodsja er boligeierskap en av nøklene til økonomisk stabilitet for lav- og mellominntektsfamilier. First Finance tilbyr langsiktige lån til oppussing, slik at vanskeligstilte familier kan kjøpe, bygge eller utbedre boliger de kan være stolte av. I tillegg går First Finance et skritt videre ved å gi opplæring i hvordan man kjøper og selger bolig på en trygg måte, og ved å jobbe hardt for å beskytte kambodsjanere mot risikoen som er forbundet med å kjøpe bolig. Tilgang til trygge og rimelige boliger forbedrer levestandarden, barns helse og utvikling samt mentale og fysiske helse. Det fører også til jobbskaping, økte inntekter og et bærekraftig miljø.