Maruhan Japan Bank, a Japanese financial institution with assets of USD 123 million as of 2011, recently has completed the acquisition of a stake in Sathapana Limited, a Cambodian microfinance institution (MFI). Neither the price nor the percentage of the stake has been disclosed . Maruhan currently has partnerships with nine Cambodian MFIs to which it provides funding and management support .
For the year 2011, Sathapana reported to the US-based nonprofit Microfinance Information Exchange (MIX) total assets of USD 108 million, a gross loan portfolio of USD 94.7 million, deposits of USD 38.9 million and approximately 57,000 active borrowers. Maruhan Japan Bank is a subsidiary of the Maruhan Corporation, which also operates in the food and gaming industries in Japan.
By Brendan Millan, Research Associate
About Sathapana Limited: Originally established as a nonprofit organization called Cambodian Entrepreneur Building Limited (CEB), Sathapana Limited registered with the National Bank of Cambodia (NBC) as a microfinance institution (MFI) under its current name in 2001. For the year 2011, Sathapana reported to the US-based nonprofit Microfinance Information Exchange (MIX) total assets of USD 108 million, a gross loan portfolio of USD 94.7 million, deposits of USD 38.9 million and approximately 57,000 active borrowers.
About Maruhan Japan Bank: Established in 1972, Maruhan Japan Bank is a Japanese financial institution and subsidiary of Maruhan Corporation. Maruhan Japan Bank currently has partnerships with nine Cambodian MFIs to which it provides funding and management support. For the year 2011, Maruhan Japan Bank reported total assets of USD 123 million and a gross loan portfolio of USD 49 million. Maruhan Corporation also has food and gaming interests in Japan.
Sources and Additional Resources:
 Maruhan Japan Bank: “SATHAPANA, leading Cambodian MFI, joins MARUHAN Japan ASEAN Financial Group”, http://www.maruhanjapanbank.com/en/highlights/press-releases/1-sathapana-leading-cambodian-mfi-joins-maruhan-japan-asean-financial-group
 Maruhan Japan Bank: “Business Partnership with Cambodian Major Microfinance Institutions”, http://www.maruhanjapanbank.com/en/highlights/microfinance-partnerships
MicroCapital.org story, April 22, 2011, “responsAbility of Switzerland Loans $11m to ProCredit Georgia, Frontiers of Kyrgyz Republic, AgroInvest Holding of Montenegro, Sathapana of Cambodia”, http://www.microcapital.org/microcapital-brief-responsability-of-switzerland-loans-11m-to-procredit-georgia-frontiers-of-kyrgyz-republic-agroinvest-holding-of-montenegro-sathapana-of-cambodia/
MicroCapital.org story, March 8, 2011, “responsAbility Social Investments of Switzerland Makes Loans Totaling $3m to Gata Daku of the Philippines; Koperasi Mitra Dhuafa (Komida) of Indonesia; and Cambodian Microfinance Institutions (MFIs) AMRET, Sathapana and Thaneakea Phum Cambodia Limited (TPC)”, http://www.microcapital.org/microcapital-brief-responsability-social-investments-of-switzerland-makes-loans-totaling-3m-to-gata-daku-of-the-philippines-koperasi-mitra-dhuafa-komida-of-indonesia-and-cambodian-microfinance-i/
MicroCapital Universe Profile: Sathapana Limited, http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Sathapana
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