AMK Microfinance Institution originated from the savings and credit components of the community development work of Concern Worldwide in Cambodia from 1993 but only became a directly implemented program in 1999. Following the new Cambodian microfinance regulation, AMK became a separate company and obtained a license from the Cambodian central bank in 2004.
AMK’s long-term vision is of a
Cambodian society where citizens have equal and sufficient economic
and social opportunities to improve their standards of living and
where they can contribute productively towards the overall
development of the country.
AMK’s mission is to help large
numbers of poor people to improve their livelihood options through
the delivery of appropriate and viable micro-finance services.
- AMK provides micro-finance services to poor people in Cambodia that are grounded in sound financial discipline at all levels.
- AMK is committed to openness & transparency in all areas of management & operations.
Guiding Principles (Con.)
is committed to developing processes & services and to adopting
behaviors & standards that ensure optimum social performance,
including client protection.
- AMK is a learning organization where appropriate exchange and sharing of information contributes to staff development, training, and improvements in policies and systems.
Products, Services & Working Methodology
Group Loan Products
AMK offers three Village Bank loan products that utilize the solidarity group lending methodology.
The methodology begins with potential clients self-selecting
themselves into solidarity groups of three to six members. These
solidarity groups are then organized into Village Banks that consist
of four to twelve groups (or twenty to sixty clients).
Individual Loan Products
Clients who wish to borrow larger
amounts of capital to support their business can take advantage of a
variety of individual loan products including Business Expansion
Loan, Seasonal Loan, & Seasonal Credit Line products. Since the
amounts & associated risks are higher, these loans require
collateral and guarantors.
Emergency Loan Product
The Emergency loan is designed for
both Group Guaranteed and Individual loan clients in good standing to
assist them in the unfortunate event that an emergency arises.
AMK has created a family of flexible
deposit products to meet the savings needs of its customers. AMK
offers five distinct deposit products. These include the General
Savings Account, Easy Saving Account, Fixed Deposit Account, Future
Account, and Mobile Savings Account.
launched a nationwide money transfer service in 2011 in order to
facilitate money transfers between all AMK branches or sub-branches.
simply processed documents, customers can easily transfer money to
family members, relatives, business partners, & other