General Management Team Meeting

Phnom Penh,July 8 and 9, 2016, FUNAN Microfinance Plc., with FUNAN with HOPE, has arranged its general management team meeting for 1st semester 2016 chaired by Mr. SOY Socheat, Chief executive officer, and participated by assistant to chief executive officer, chief finance officer, department managers, deputy department managers, regional managers and branch managers at Headquarter #15, Samdach Monireth Blvd (217), Phum Thmey, Sangkat Steung Meanchey, Khan Meanchey, Phnom Penh, Kingdom of Cambodia.

The main purposes of semester meeting are covered on:

  •       - Working Achievement for 1st Semester Compared with Actual Performance
  •       - New Challenges and Solutions
  •       - Continuous Plan of Action for Next Semester 


Mr. PHUONG Sarun, operation department manager said, “Today is the first day of FUNAN has organized general management team meeting since it was transformed from CAD and licensed by NBC. During the first semester after transforming and licensing, FUNAN has learned many challenges and experiences from our real practices. Actually, the achievement of our operation presented that; by first semester, our clients are reached to 33,289 with loan portfolio 10,178,200 US$.

Mr. SENG Ratha, finance department manager presented, “By 1st semester 2016, FUNAN still has not achieved good performance referring to financial statement because many of branches still not gained much profit and some of branches usually get much profits but it was changed to a little bit because our new challenges are coming with more expenses referring to the requirements. Even though, as a whole of FUNAN, we have still gained but it is not responded to our beginning plan of the year.

Mr. CHEA Rum, Human Resource and Admin Department Manager said, “Presently, FUNAN has 849 employees with 15.90% are female. If we compared with the beginning of the year 2016, the number of staff is decreased 40 staff because we have transferred from weekly and monthly loan so the operation is not much as before. The main reasons of decrease are because of FUNAN has no plan to add up and replace resigned employees so when employees resigned, we just restructured fields and area combination.

Mr. SOY Socheat, Chief Executive Officer advised, “Referring to all the achievements presented by each department, FUNAN is still not recognized as a secured microfinance institution so management team of FUNAN must take action carefully to improve what we have done so far in order to convey our institution to recognized as standardized microfinance institution in the future”.