On Friday 27th October 2017, First Finance has inaugurated its new Branch Office in Kampot Province, under the honor of Mr. Leang Reun Sothy, the governor of Kampot city along with other honorable guests such as the chief districts, chief villages, cooperated partners, villagers, clients, and First Finance’s managements.
In the ceremony, Mrs. Chun Sothany, the CEO of First Finance mentioned that “First Finance received its license from the National Bank of Cambodia in 2009 and was known as the first financial institution that provide micro housing loan to the low and middle income Cambodians. Recognizing the strong potential in Kampot regarding economic growth and the needs for shelters, First Finance decided to expand its operations to this province in order to facilitate and provide opportunities to the low and middle income people in accessing to their first home ownership or home improvement. As First Finance’s product offer up to 20 years , enabling a long term payment with less monthly installment, along with many good conditions such as affordable interest rate, prepayment and others, Mrs Sothany strongly hoped and believed that many clients in the area would benefit from First Finance’s products in providing a home full of happiness and sustainability for their families. ”
Mr. Leang Reun Sothy the governor of Kampot city had shown his excitement in welcoming the presence of First Finance in Kampot province. He highlighted that “there is a big need for shelters for people in Kampot and we need support from private sector in financing and related skills.” He had also shown appreciation and conviction to support First Finance’s vision and mission that provides good impact to society and Cambodia’s economy.
There were about 50 families joining the event and that each family had received a bottle of fire extinguisher, along with 5 districts and each district received 4 bottles of fire extinguisher.
First Finance has been providing financial service such as home loan, home improvement loan, land loan, and home equity loan to about 1500 families in Phnom Penh, Kandal, Battambang, Pailin, Banteymean Chey, Odormean Chey, Siem Reap, Kampong Cham, and Tbong Khmom with a total loan portfolio around 20 millions USD.