Partner Description (Original Language from AMK):

AMK is a leading microfinance institution in Cambodia operating in over 6,000 villages with over 220,000 clients. AMK is the first microfinance institution to have operations in every province in Cambodia and they work in nearly half of all villages in Cambodia. The focus of AMK is on very poor clients in rural areas which is demonstrated in the average loan size of just $115.

 
AMK’s Mission:

"To help large numbers of poor people to improve their livelihood options through the delivery of appropriate and viable microfinance services."

AMK's Guiding Principles:

1. AMK provides microfinance services to poor people in Cambodia that are grounded in sound financial discipline at all levels.

2. AMK is committed to openness and transparency in all areas of management and operations.

3. AMK is committed to developing processes/services and to adopting behaviors and standards that ensure optimum social performance, including client protection.

4. AMK is a learning organization where appropriate exchange and sharing of information will contribute to staff development, training, and policy and systems improvements.

AMK's Code of Practice for Client Protection:

1. Maximize the inclusion of the poor and other marginalized populations who meet AMK's other criteria for selection.

2. Minimize the exposure of (poor) clients to financial products that may prove harmful if they promote over-indebtedness.

3. Provide complete information to clients about policies and procedures, and ensure complete transparency in transactions.

4. Facilitate and promote complete freedom of choice to clients.

5. Ensure appropriate and respectful behavior of staff and management towards clients.

AMK has received numerous prestigious awards and recognitions:

1. MFI Gold Certificate Award for Transparency in Social Performance Reporting presented by TheMIX and CGAP.

2. In 2008, AMK was recognized by the National bank of Cambodia with an award for its contribution to enhance financial services outreach throughout Cambodia.

3. Runner up in the 2008 European Microfinance Awards.

4. Ranked as the Highest Microfinance Institute in Cambodia and in the Top 20 in the world in the 2006, 2007 and 2008 MIX Global 100 Composite Rankings based on outreach, efficiency and transparency.

5. CGAP Global Financial Transparency Award in 2005 and 2006.

6. Unitus Effectiveness Award

AMK is endorsed by Microfinance Transparency.
 

Status Update - July 2, 2010 

On July 1, 2010, AMK's reported delinquency rate increased from 0% to 42.35%. 

Due to technical reasons, AMK's repayments did not post properly to Kiva this month. We're working with AMK's administrative staff to make sure they are able to successfully upload repayments to the site, and hope to have the issue fixed within the next week or two. 

Once the repayments have been properly uploaded, then the high delinquency ratio expressed on the Kiva website for AMK should fall to normal levels.