Incofin Investment Management (Incofin) Regional Director for East Asia and Impact Manager Dina Pons spoke in a joint panel at The Global Impact Investing Network Forum in Paris on 31 October. The Forum brought together over 1.000 active and inspiring impact investors such as Incofin.
Dina discussed the responsible exit of the Rural Impulse Fund II (RIF II), a fund managed by Incofin, from AMK Microfinance Institution Plc (AMK), together with John Yung, Executive Vice President of Shanghai Commercial Saving Bank (SCSB). SCSB became AMK’s newest shareholder, purchasing an 80,01% stake. While John explained his vision to pursue AMK’s social mission in enhancing its products offering, and maintaining its strong poverty outreach, Dina detailed the unique screening exercise that the exiting shareholders conducted and which they called the Fitness and Compatibility Review.
Founded in 2002, AMK is one of the largest and most recognised rural servicing finance institutions in Cambodia. AMK’s mission is to help large numbers of poor people to improve their livelihood options through the delivery of appropriate and viable microfinance services. With a multi-channel delivery approach and active operations in 13,000 villages (90%) in Cambodia, about 2,400 staffs serve approximately 700,000 clients with a broad array of financial services, including loans, deposits, money transfer, payments and micro insurance.