FIRST FINANCE microfinance institution is providing free consultation on property issues to clients and the public after its specialized staff have received training from trainer of Ministry of Land Management, Urban Planning and Construction (MLMUPC).
FIRST FINANCE is taking care of its clients in which they can consult directly or through phone with FIRST FINANCE’s sales staff in each branch about issues in buying/selling or managing properties, or legal property ownership transfer. For the public, everyone could consult by calling the hotline number (0936666 35) during working hours.
The free consultation is a part of the campaign in reducing risks in buying/selling properties that FIRST FINANCE and collaborative partners have developed to provide knowledge to the public in which there are other projects and activities such as educational workshop for the public organized in October 2018, publicizing presentation videos of speakers from relevant ministries, and producing infographic animation video, etc.
Chun Sothany, FIRST FINANCE’s Chief Executive Officer, stated she was proud that FIRST FINANCE has been implementing the campaign smoothly, especially the free consultation service on property issues because these activities are what FIRST FINANCE has been giving both its clients who are low and middle-income Cambodians, and the public beyond its financial service.
Chun Sothany thanked BlueOrchard Finance for Technical Assistance Facility of Microfinance Initiative for Asia (MIFA) that has supported this important campaign and she strongly hopes the campaign could increase the knowledge of clients and the public about their rights on property management and they also become easy to get free consultation on property issues from consultation service that FIRST FINANCE is offering.
First Finance was granted its license on April 23, 2009 by the National Bank of Cambodia, and became the first financial institution to be focused on providing long-term Home Loans and Home Improvement Loans, and medium-term Home Equity Loans to underserved low and middle-income Cambodian households who have little-to-no access to formal housing financial services. The company is a joint venture company established between Cambodia-based First Home Plc, Singapore-based Phillip Capital, Luxembourg-based Insitor Fund, Cambodia-Laos Development Fund and Norway-based Norfund.