Thaneakea Phum (Cambodia)

Company profile

Thaneakea Phum (Cambodia) company profile

Thaneakea Phum (Cambodia), Ltd. (“TPC”) is a rapidly growing, regulated microfinance institution with a focus on serving entrepreneurs and families at the base of the socio-economic pyramid with the economic opportunities to transform the quality of their lives. TPC is currently the 5th largest MFI in Cambodia by number of borrowers and GLP. Due to its commitment to responsibly serving clients, focus on customer service, innovative products, and fair and transparent pricing, TPC has become a trusted provider of financial services for Cambodians. Head Office Going forward, TPC will continue its expansion in rural areas and develop new, innovative financial products and services for its clients. With an experienced management team, strong governance, and social commitment, TPC is well-positioned to further broaden its outreach and impact across Cambodia. TPC was established by Catholic Relief Services (“CRS”) in 1994 to enable rural women to gain access to financial services that they could use to finance their microenterprises. In January 2010, Developing World Markets (“DWM”), a US-based, socially responsible emerging markets fund manager acquired a majority equity stake in TPC from CRS. With over 15 years of experience and approximately $760 million in assets under management, DWM's oversight and high standards have enabled TPC to greatly improve its operations and procedures. As TPC grew very quickly, LOLC Micro Investment Ltd. (“LOMI”) became interested in investing in TPC, and acquired a majority equity stake from TPC.At present, LOMI owns 60% of total shares, DWM owns 36.97%, and the remainder is owned by TPC staff through an Employee Stock Ownership Plan (TPC-ESOP).