Cambodia Credit Union Outreach Program: Building Trust

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Purpose:
Strengthen the capacity of primary level financial intermediation institutions to develop and maintain a sustainable microfinance program for the entrepreneurial poor.

Goals:
Strengthen the operational and management capacity skills of CCSF to facilitate support for primary level grassroots financial intermediation institutions.

Project Objectives:
To broaden the base of rural community access to village level savings and loan products.

CUFA entered into an agreement with CCSF in relation to providing assistance for CCSF to become a sustainable wholesale financial institution, providing various types of savings and loan products to its member CBMIFO’s with sustainability as the centrepiece of CCSF’s development plan.

Sustainability within this agreement involved two targets – that of operational sustainability and financial sustainability.

The funding was to do a range of things including:

1. Strengthen CCSF training capability on Model Credit Union Building (MCUB)
2. Assist in the finalisation of a standardised accounting system manual for CCSF and CBMIFOs
   Strengthen CCSF lending systems, internal controls and methodologies
3. Assist administration of the CUFA provided On-Lending Funds to boost CCSF income and sustainability
   Strengthen CBMIFOs on financial disciplines and MCUB
4. Boost CBMIFO income and growth through providing liquidity for on-lending to members
   Strengthen CBMIFO soundness through lending criteria prerequisites and technical assistance on financial management and planning through CCSF
5. Boost CBMIFO growth through marketing assistance to affiliated CBMIFOs through CCSF
   Provide assistance with advocacy and preparation of a Draft Credit Union Law in Cambodia.

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