MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Makes $1.8m Local-Currency Loan to Koperasi Mitra Dhuafa (Komida) of Indonesia and Thaneakea Phum Cambodia (TPC), Chamroeun Microfinance of Cambodia

Grameen Credit Agricole Microfinance Foundation, a nonprofit organization established in Luxembourg in 2008 as a partnership between Credit Agricole SA, a French retail bank, and Grameen Trust (GT), a nonprofit microfinance organization based in Bangladesh, extended three local-currency loans equivalent to a total of USD 1.8 million to microfinance institutions (MFIs) in Southeast Asia.

In Indonesia, Koperasi Mitra Dhuafa (Komida), which was established in Jakarta in 2004 as a credit union, received IDR 6 billion (USD 667,000). Komida offers savings, loans and insurance to underserved individuals. In 2009 Komida reported to the Microfinance Information Exchange (MIX), the microfinance information clearinghouse, a gross loan portfolio (GLP) of USD 2.5 million, total assets of USD 3.8 million, return on assets (ROA) of 1.91 percent and return on equity (ROE) of 9.93 percent.

In Cambodia, Thaneakea Phum Cambodia Limited (TPC), an MFI established in 1994 by Catholic Relief Services (CRS), an international humanitarian agency based in the United States, received THB 30 million (USD 1 million) from Grameen Credit Agricole Microfinance Foundation. In 2009 TPC reported to MIX a GLP of USD 17.5 million, total assets of USD 28.3 million, ROA of 1.46 percent and ROE of 8.29 percent. Chamroeun Microfinance, another Cambodian MFI, also received a loan of KHR 585.2 million (USD 144,000). Chamroeun reported to MIX in 2009 a GLP of USD 679,000, total assets of USD 755,000, ROA of -8.39 percent and ROE of -25.14 percent.

By Julie Moksim, Research Associate

About Grameen Credit Agricole Microfinance Foundation: The Grameen Credit Agricole Microfinance Foundation was founded in 2008 with a EUR 50 million (USD 73 million) endowment provided by Credit Agricole SA, a French retail bank, and Grameen Trust (GT), a nonprofit microfinance organization based in Bangladesh. The foundation offers a range of financing products to microfinance institutions (MFIs) and targets MFIs that adhere to transparency and consumer protection practices. The foundation focuses on MFIs dedicated to agricultural and rural development, specifically those intended for women.

About Koperasi Mitra Dhuafa (Komida): Komida was established in 2004 in Jakarta, Indonesia. Having received training from Grameen Bank, a microfinance bank established in Bangladesh, Komida provides loans to underserved individuals in an effort to empower poor communities through its subsidiary, Yayasan Mitra Dhuafa (Yamida). In 2009 Komida reported to the Microfinance Information Exchange (MIX), the microfinance information clearinghouse, a gross loan portfolio (GLP) of USD 2.5 million, total assets of USD 3.8 million, return on assets (ROA) of 1.91 percent and return on equity (ROE) of 9.93 percent.

About Chamroeun Microfinance: Chamroeun is a microfinance institution (MFI) that was established in Cambodia in 1995. The organization’s mission is to help low-income people in urban areas prepare for unexpected expenses by providing savings, loans and microinsurance. The MFI also helps micro- and small entrepreneurs by engaging them in skills trainings. In 2009 Chamroeun reported to the Microfinance Information Exchange (MIX), the microfinance information clearinghouse, a gross loan portfolio (GLP) of USD 679,000, total assets of USD 755,000, return on assets (ROA) of -8.39 percent and return on equity (ROE) of -25.14 percent.

About Thaneakea Phum Cambodia Limited (TPC): TPC was launched in Cambodia in 1994 as part of the Small Enterprise Development program of Catholic Relief Services (CRS) of the United States. In 2002, CRS/TPC officially incorporated to become Thaneakea Phum (Cambodia) Ltd. – a limited liability company. In 2003, TPC was licensed by the National Bank of Cambodia as a microfinance institution (MFI). In 2009 TPC reported to the Microfinance Information Exchange (MIX), the microfinance information clearinghouse, a gross loan portfolio (GLP) of USD 17.5 million, total assets of USD 28.3 million, return on assets (ROA) of 1.46 percent and return on equity (ROE) of 8.29 percent.

MicroCapital’s Microfinance Universe Profile: Grameen Credit Agricole Microfinance Foundation

http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Grameen+Credit+Agricole+Microfinance+Foundation

MicroCapital’s Microfinance Universe Profile: Koperasi Mitra Dhuafa (Komida)

http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Koperasi+Mitra+Dhuafa+%28Komida%29

MicroCapital’s Microfinance Universe Profile: Chamroeun Microfinance

http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=CHAMROEUN+MICROFINANCE

MicroCapital’s Microfinance Universe Profile: Thaneakea Phum Cambodia Limited (TPC)

http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Thaneakea+Phum+%28Cambodia%29+Limited

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