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 mesiace
6 mesiace
USD
MenaSuma | €140,000 |
Úroky | 4.50% |
Zrelosť | 24 mesiace |
Splátky | 6 mesiace |
Mena | 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.
Názov spoločnosti | First Finance |
GENERÁLNY RIADITEĽ | Sothany Chun |
Založené | 2008-01-01 |
Umiestnenie | Phnom Penh |
Sektor | Služby |
Obrat | $3,700,000 |
Zamestnanci | 125 |
Úverové skóre | B+ |
Impact
75 % Kambodžanov si nemôže dovoliť kúpiť dom. V Kambodži je dosiahnutie vlastníctva domu jedným z kľúčov k ekonomickej stabilite rodín s nízkymi a strednými príjmami. First Finance poskytuje dlhodobé pôžičky na zlepšenie bývania, ktoré umožňujú rodinám s nedostatočnými príjmami kúpiť, postaviť alebo zlepšiť dom, na ktorý môžu byť hrdé. Okrem toho First Finance posúva svoju pomoc o krok ďalej, pretože vzdeláva ľudí o bezpečnej kúpe a predaji ich nehnuteľností, ako aj usilovne pracuje na ochrane Kambodžanov pred rizikami spojenými s kúpou nehnuteľnosti. Prístup k bezpečnému a cenovo dostupnému bývaniu zlepšuje životnú úroveň, zdravie a vývoj detí a duševné a fyzické zdravie. Vedie tiež k vytváraniu pracovných miest, zvyšovaniu príjmov a environmentálnej udržateľnosti.
SDG's dopadom
Týmto projektom prispievate k nasledovným cieľom trvalo udržateľného rozvoja:
SDG 1. Žiadna chudoba
SDG 11. Udržateľné mestá a komunity
Prečítajte si viac o vplyve, ktorý môžete dosiahnuť prostredníctvom našej platformy a SDGs na našej stránke o vplyve.
- Vďaka tejto investícii sa vytvorí 10 pracovných miest.
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