First Finance

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First Finance is the first microfinance institution in Cambodia specialized in housing finance. The MFI’s social mission is to build the economic stability of low income Cambodian families by increasing access to home ownership. First Finance targets financially excluded and underserved clients in urban and peri-urban areas, providing them with the possibility of becoming a home owner.

The purpose of BIO’s loan is to finance housing projects with a total building cost per unit up to an amount of USD 50,000. This will ensure that the financing will be targeted to the low-income population of Cambodia.

Website : www.firstfinance.biz

  • Investment amount (€):

    USD 1 million

  • Contract signature :

    2014

  • Nature of intervention :

    Senior loan

  • Development impacts :

    • 1 — Support stability and deepening of Cambodian financial sector
    • 2 — Support housing for low-income families