MARUHAN Japan Bank and VisionFund Cambodia
“Shared vision: Financing the Future”
23 September 2011
Phnom Penh, Cambodia
MARUHAN Japan Bank and VisionFund (Cambodia) microfinance institution are delighted to announce new business alliance that will benefit not only both companies, but the whole of Cambodia.
MARUHAN Japan Bank was formed with the aim of supporting the strong bi-lateral ties between Japan and Cambodia that are encouraging investment and contributing to the continuing growth and development of Cambodia.
VisionFund (Cambodia) Ltd, originally a credit program of World Vision Cambodia, is part of VisionFund International, a global MFI network operating in about 40 countries around the world. VisionFund is a limited liability company with a permanent license from the National Bank of Cambodia to operate as a microfinance institution. VisionFund (Cambodia) exists to give poor people access to a wide range of financial services in synergistic partnership with key development players to maximize the effort for economic development and poverty alleviation.
This new alliance, which follows similar successful partnerships between MARUHAN Japan Bank and other leading microfinance institutions, is based on shared core-competencies, ideals and operating principles.
MARUHAN Japan Bank General Manager, Mr. ONISHI, Shizuo says, “By partnering with VisionFund Cambodia and our other leading MFI partners, we are leading the way in giving our MFI partners the opportunity to diversify their funding sources. In return, our ability to leverage the nationwide infrastructure and resources that our MFI partners already have in place will contribute further to our position as a leader in the financial services market, not only within Cambodia, but also throughout the ASEAN region.”
VisionFund (Cambodia) CEO, Mr. Chee Chin Hoe, says “the partnership with MARUHAN Japan Bank will mean we can access support from experienced fund managers as well as diversifying our funding sources, as recommended by the National Bank of Cambodia, Cambodia’s financial regulator. Together we will both be more attractive as financial partners to other institutions throughout Cambodia and the wider region”.
“We are looking forward to working together to maximize the benefits of this partnership for the development of Cambodia,” he added.