CHAMROEUN Microfinance Plc.

Noting the large, underserved poor communities in Phnom Penh, EdM, a French NGO, signed an agreement in late 2005 with the Phnom Penh Municipality and with the Cambodian Ministry of Foreign Affairs to start up a social microfinance project and named as "Chamroeun" (meaning “progress” in English) to provide financial and non-financial services for poor families in Phnom Penh’s urban depressed areas mainly to provide adapted and affordable loans, savings, and microinsurance to address the needs of the small market stallholders, ambulant vendors, and other small scale activities. Chamroeun successfully managed to obtain a full microfinance liciense from National Bank of Cambodia in 2011.