| final results & observations |
ACTIVITIES
ACCU elaborated together with the Cambodian Credit Union CCSF and the National Bank of Cambodia a draft CU Law in Cambodia or “Prakas”.
ACCU conducted several leadership trainings for CBFIs organized by SEDOC (savings and credit training institute) on building vision, effective functioning of the Board, strategies in increasing membership, etc. Exchange visits were organized between Cambodian CU staff and Sri Lankan and Thai CU’s, in collaboration with the CU League of Thailand. In total 23 officers and leaders of savings banks (CUs) in Cambodia and CCSF staff participated in the exchange visits.
Internal Training/ Meeting:
ACCU conducted 12 advance training on: Loan Delinquency Management and Control, Leadership Development (4 courses), Advance bookkeeping courses (397 CBMIFO’s directors, managers, and employees were trained, of which 187 women, 47%). Basic training was provided at the primary CBMIFO level to 3.961 SB leaders (1,833 women 46%) and 30.892 members and non-members (22.234 women, 71.97%); topics e.g. What is savings bank? Self-help, Mutual help, and household economy, SB policy and By-laws, Simple bookkeeping etc. ACCU facilitated 3 bi-annual internal audits to 3 branches of CCSF and provided additional services, monitoring and support to organize offices (one office was completely finished and the other two are under the construction). With the help of ACCU 6 new CBMIFO has been established with 584 members (636 women, 62%), 13 CBMIFOs have been merged into 5 CBMIFO to enhance efficiency of the CBMFO’s.
RESULTS
The draft CU Law or “Prakas” in Cambodia was translated in Khmer language and undergoes some more revisions. CCSF discusses with the National Bank of Cambodia the approval of the draft CU Law by the National Bank of Cambodia.
As result of the project activities, CCSF has gained credibility in Cambodia as cooperative savings based microfinance organisation. One of ACCU’s partners, the Canadian Co-operative Association (CCA) expressed their willingness to work directly with CCSF. With the funds received from these partners, CCSF indicated that they can manage the replication project in Banteay Mean Chey even without the support of ACCU.
Under the RUFICA Project Phase II, 70 leaders and promoters were given opportunity to expand their knowledge and vision on the real CU operations.
On the Micro-insurance Program for Savings Banks, ACCU coordinated with Agriterra the provision of consulting services to CCSF. MIAN was engaged to assist CCSF to prepare a study on the feasibility of micro-insurance. It turned out that CCSF’s priority was to cover the operational cost of the institution rather than introducing micro insurance. The existing Loan Protection and Life Savings scheme seems sufficient for now.
As per December 2006, SEDOC has organized 57 Community Based Financial Institutions (CBFIs) with 6,729 individual members. SEDOC has agreed to adopt CU system in their programs.
Results in figures:
-25.220 accumulative active saver members (16.243 women, 64%) reached as at Nov. 2006.
-24.056 accumulated numbers of loans have been granted to members
-7.082 active borrowers (5.033 women 71%) accessing the loans
-118 CBMIFO employees (70 women 59%) are recruited
-114 BoD members (45 women 39%) are elected from the membership of CBMIFOs.
-36 savings banks have been using double entry accounting system.
-23.999 members (15.398 women equivalent to 64%) have used the LPLS program as at Nov. 2006. (...less...) |
