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And customers have to payback the Institution of principal and interest basing on the agreement according to the policy of the creditor and other regulations of concerned authorities.
Customers who is able to get this credit service from CHC-Limited is for legal people who has clearly an identification from competent authority, permanent address, regularity of income, never conduct illegal actions, with a high willingness to improve and increase their families' economy and revenue.
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According to the view of the variable needing of people in different areas, CHC-Limited is divided into three main types included Village Bank Loan, Individual loan and Emergency loan. |
Village Bank Loan |
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Individual Loan |
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This loan type is to provide all needed clients who have definitive trade which is related to sectors of economy; and sufficient cash flow for revolving capital or expand the business etc,. |
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Village Bank Loan is providing to clients who has a low or medium income and has daily career more concerning in agricultural sector such as: making rice field, farms, animals feeding, and do small business concerning the agricultural sector especially. The loan size is from 100,000 to 1,500,000 riel. |
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The emergency loan is to provide to priority of existing customers or customers are under the debt of CHC-Limited, new customers and all economic sectors that need this loan to revolve the capital in short term period, or in case of shortage cash flow to survive their business or trade. |
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| Condition of the Borrowers |
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| ® Focus on Existing Customer who has good credit of CHC-Limited. (At least 2 Cycle as priority) |
| ® Clients have no debt with other Micro Finance Institutions. |
| ® Clients have sufficient asset, especially fixed asset which is official and legal ownership. |
| ® Clients have a good social reputation and never concern to any illegal actions. |
| ® Clients have definitive trade and/or business is in well and expansion. |
Credit Agent and branch manager have to make valuation and estimation on client's capacity of payment based on actual income better than business plan. In case of clients' actual income is not sufficient to repay the loan, we should find another resource income. Therefore, the loan repayment of customer must abide by the term as defined in an agreement of application. If there are any customer intend to repay before expire date, we will be pleasure to accept it. But the calculation of interest based on the remaining balance of loan and the minimum duration of loan 6 months except emergency loan. |
| - Balloon: Pay monthly interest and all principal at due. |
| - Declining : Pay monthly interest and Principal . |
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| Loan Approval and Responsibility |
To be transparent in management, the adoption of providing loan must be processed through the line of Micro Management- all the size of the loan and type of loan must be finally approved by General Manager. But except the especial cases, the General Manager might provide authorization to branch manager or deputy branches manager to make final approval along with letter references. |
