06cs-4851 Sustainable Branch Development Project 2007
| budget |
€ 215.894,47 |
status |
execution |
| start date |
01-01-2007 |
date end |
31-12-2007 |
| location |
|
country |
cambodia |
| financer |
Agriterra |
| executor |
Cambodia Community Savings Federation |
intervention level |
sub-national |
| Programmes |
| work area 08: Banking and Credit sector (including Insurance) | IFAP 08: Ensure secure access to resources | |
| description |
Financial Services:
The project encourages the saver members to deposits regularly, even with a small amount. The member’s savings are mobilized among the members through building financial access to the members for several purposes, including family income generation, emergency, and consumption purposes.
CCSF is playing a whole sale financial institution by providing (...more...) |
| description |
Financial Services:
The project encourages the saver members to deposits regularly, even with a small amount. The member’s savings are mobilized among the members through building financial access to the members for several purposes, including family income generation, emergency, and consumption purposes.
CCSF is playing a whole sale financial institution by providing loans to the member organizations, and small & medium entrepreneurs at a reasonable interest rate.
Non-Financial Services:
Capacity building is a major focus of the project, in order to build safe & sound community based micro-financial organizations. Two levels of training are provided to member organizations:
a) basic training, on-the-job training on general management, including role & responsibilities of directors, managers and employees; & simple bookkeeping; technical on-site & off site monitoring; problem solving in case arise; liaise with the local authority at the local level; coordinate the saving banks to build office space, and facilitate related policy development.
b) Advanced technical training with subsidized fees basis :
- Good loan management,
- Delinquency management & control,
- Advanced bookkeeping,
- Leadership development,
- Effective monitoring tools (PEARLS),
- Risk management, and
- Positioning credit union in the market place.
CCSF is implementing Loan Protection & Life Saving (LPLS) program to its members, aiming at to reduce burden of the death family members when death occur, and also to eliminate debt heritage to the next generation. (...less...) |
| results & observations |
CCSF had two main objectives for this year: 1. to continue to build three sustainable branches in order to provide affordable and sustainable financial and non-financial services to member organisations / individuals
2. Continue to support the member organisations (CBMIFOs) to build sound and safe community based financial organisations.
CCSF managed to (...more...) |
| final results & observations |
CCSF had two main objectives for this year: 1. to continue to build three sustainable branches in order to provide affordable and sustainable financial and non-financial services to member organisations / individuals
2. Continue to support the member organisations (CBMIFOs) to build sound and safe community based financial organisations.
CCSF managed to attract over 4.000 new members this year, with a total membership of about 30.000. Loan Protection & Life Savings (LPLS) services are provided to almost every member. The LPLS policy was reviewed with support of Micro Insurance Association Netherlands (MIAN). The LPLS is important for CCSF as they are the only organisation providing this facility, and offers them a good position in the competition to recruit new members among various micro finance institutions in Cambodia.
CCSF did not get financial support from WOCCU and CUFA (previous donors of CCSF) as they judged the business plan of CCFS being not aggressive enough. CCSF is believing much in its own business plan and was not willing to make it more aggressive. This shows that the CCSF management is strongly believing in its own capacities. CCSF managed to complete most of the planned activities despite the lack of external funds and was able to maintain sustainable services to its member organisations. CCSF has reached Operational Self Sufficiency (OSS) excluding donor funds for head office and one branch office. This means that CCSF is actually able to finance its operation costs and activities without donor funding. Agriterra funds have been used for training and capacity building and indirectly to strengthen the revolving fund of CCSF, enabling them to expand its coverage. Few activities related to human resources management were not implemented due to time and budget constraints as well as a piloting of IT computerized system with one CBMIFO and organize over-sea exposure program for CBMIFO directors and employees.
It has been worthwhile to invest in CCSF as it proves to be a sustainable organisation with a good membership coverage and providing important services to its members.
Reaching OSS shows that they are not depending anymore upon donor funding, and for 2008 they have already established loan agreements with two banks. CCSF will register as a micro finance institute in 2009 and therefore they need to expands their capital asset. Agriterra will continue advisory support in 2008 and 2009, especially related to the LPLS scheme but will not provide financial services for 2008.
(...less...) |
| specialisms |
| Banking and credit sector (incl. insurance) | |
PROPOSAL
| Agri-agency | Own contribution executor | Other parties | Total requested budget |
|---|
| Agriterra | CCSF | | |
| € 0,00 + € 0,00 | € 0,00 | € 0,00 | € 50.000,00 |
| Through the branches, the project implements two main activities: a) financial services, b) non-financial services in order to support the Community Based Micro-Finance Organizations ( CBMIFOs) as CCSF member organizations, and the branches itself to be self finance and management. Next to this CCSF focusses on implementing the Loan Protection & Life Saving (LPLS) program. At this point of time, there are 28 CBMIFOs with 23,959 individual members have availed LPLS services. |
GOALS
- Continue to build 3 sustainable branches by the end of 2009 in order to provide affordable and sustainable financial and non-financial services to member organisations and individuals.
- Continue to support the member organizations (CBMIFOs) to build sound and safe community based financial organisations. |
