UPCOMING EVENTS

Becoming A Good Credit Officer

Training Date: June 30, 2012
Foundations for Effective Trainers and Facilitators

Training Date: 12-15 June 2012
Strategic Problem Solving and Decision Making Skill

Training Date: May 17-18, 2012
Training Program for 2012

Training Date: Training Calendar 2012

Latest Data for Cambodian Microfinance

Wednesday, February 01, 2012 (Updated!)

Nº MFIs

30 MFIs

30 MFIs

Loans	$572.7m	$644.6m
AvgPAR	0.50%	0.22%
Clients	1,113,024	1,151,340
AvgLoan	$514.5	$559.9

Deposits	$88.5m	$114.6m
Clients	256,735	280,538

Staffs

9,360

9,669

Figure

Q3/2011

Q4/2011

HEADLINE: Becoming A Good Credit Officer

HEADLINE: Foundations for Effective Trainers and Facilitators

HEADLINE: Workshop with Local Authorities in Kandal Province

HEADLINE: Strategic Problem Solving and Decision Making Skill

HEADLINE: Signing Ceremony of MFIs with Credit Bureau of Cambodia

Finance Club

Rationale

The growth of microfinance has significantly contributed to the development of Cambodia 's economic vitality, providing improved living conditions for the poor in rural areas.

To maintain this positive achievement, MFIs must ensure that they are operating at optimum efficiency and that internal controls and management systems remain strong and compliant with national and international standards such as International Accounting Standards, Cambodian Accounting Standards, NBC regulation, Taxation Law and so on. This will hopefully ensure the continual sustainability and long term security of the MFI.

For consistent and healthy growth, the Finance Department/Unit plays a pivotal role in providing support and harboring the institution's fiscal strength for the short and long-term. Thus, it is imperative for the MFI to dedicate sufficient resources to foster the capacity of the finance staff from time to time ensuring that all assets are properly and efficiently managed in compliance with national and international standards.

Having recognized the importance of the Finance Department/Unit and the need for ongoing performance building, an MFI Finance Club has been created and memberships have been offered to the CFOSs of all CMA member MFIs. An agreement has been reached to showcase the MFI Finance Club as a crucial component for the strengthening of MFIs and financial context when coordinated with the CMA. Thus, a functioning MFI Finance Club is now established and working for coordination and facilitation amongst MFI CFOs/FMs.

Objectives

To strengthen its members by creating opportunities which enhance their skills both professionally and socially;
To build relationships within the MFI industry by providing networking opportunities within a Cambodian MFI Context;
To share best practices related to finance and accounting management;
To discuss related issues and challenges regarding the application of international and national standards and policies (such as IAS, CAS, CFRS, NBC regulation, Taxation Law and others).
To act as a resource pool in finance related CMA training;
To advocate and raise concerns on accounting and regulation issues before communicating to CMA who will then forward them to NBC and other regulators.
To ensure the long term sustainability of the MFI Finance Club including active participation and strong commitment by all members.