Lork Oknha TE TAINGPOR

Chief Executive Officer

On my behalf of the Chief Of Executive of the Microfinance Institution Samporn Samakum Sahakreas Thuntouch Neung Matjum Kampuchea Plc, I would like to share with you for the public of the following perspective for 2024. Cambodia’s economy, in the year 2024, is prognosticated to grow by 5.8% and 6.0% in 2025. This growth is due to a recovery in the tourism sector and a strong manufacturing outlook, according to the latest release from the Asian Development Bank (ADB). Despite the global economic challenges, Cambodia’s economy is expected to perform well in 2023. Cambodia’s economy is expected to grow strongly in 2024 and 2025, with the Garment, Footwear, and Travel Goods (GFT) sectors showing significant growth, as well as a positive momentum during the last quarter of 2023. for the Cambodian banking and microfinance sector, according to the report of the Association of Microfinance Institutions in Cambodia, as of the second quarter of 2024, non-performing loans increased to a level of approximately 9%, while in the first quarter of this year, non-performing loans were at the level of 6.92%. But if you observe the money you deposited in, it will increase. Therefore, it still shows stability because there is an increase in deposits and the demand for credit decreases, which shows that the microfinance institution has more capital than before in turning over customers, as well as providing services to customers. The Microfinance Institution Samporn Samakum Sahakreas Thuntouch Neung Matjum Kampuchea Plc, has been participating in the microfinance sector since 2015 our purpose is to reduce poverty, especially for young students who want to find work in the microfinance sector. Our Institution provides services to customers with quick service and provides many loans according to the needs of customers, such as small loans, medium-sized loans, and also has many products. In particular, we offer loan in national currency in order to boost for the most our Khmer Riels.In the year 2024, as of the end of the second half of the year, our institution issued loans in national currency amounting to 1,033,875,900 in Riesl, which is 10 percent of the total loan portfolio. Despite the war situation of Russia and Ukraine, as well as other affected countries, the banking and microfinance sector remains stable and strong, with the highest attention from the wisely leadership of Samdech Moha Borvor Thipadei HUN MANET, Prime Minister of the Kingdom of Cambodia and the National Bank of Cambodia, who always pays attention and gives continuous guidance to the institution. We will continue to strengthen for tackling and continue to offer our loan in Khmer Riels as well as Loan in USD dollars according to the plan has set. Finally, I would like to thank all customers who have supported the products and services of micro-finance institutions. I also express my sincere appreciation for the efforts of all the management and staff who are highly committed to fulfilling their duties diligently to bring great achievements to the institution up to now. On behalf of the director general of this institution, I would like to thank the authorities of all levels, especially the National Bank of Cambodia, which has provided excellent cooperation and support to our institution in the past and in the future as well.