Funan Microfinance Plc. is the subsidiary company of Cambodia post bank Plc. established in July 2011 as an NGO named
Cambodian Association Development (CAD) legally registered with Ministry of Interior to provide the quality micro-loan to the
poor for developing their community. By the end of 2014, CAD had 49 branches, 821 staffs, more than 30,000 clients with loan
outstanding around US$4 Million.
In August 11, 2015 Cambodian Association Development (CAD) received the microfinance license from National Bank of
Cambodia (NBC) named Funan Microfinance Plc; and legally registered with other government authorities such as Ministry
of Commerce in June 2015 and General Department of Taxation in July 2015. All assets and liabilities of the CAD had been
transferred and received officially approval by the National Bank of Cambodia in August 11, 2015. In 2016, Funan
Microfinance Plc had 49 branches, 733 employees, more than 30,311 clients and loan outstanding around US$ 10 Million.
On 30th November 2016, Cambodia Post Bank Plc. entered into a sale and purchase agreement (SPA) with the Company’s
shareholders to acquire 100% shares of the Company. This was subsequently approved by the National Bank of Cambodia
(NBC) on 4th April 2017 and approved by the Ministry of Commerce on 11 April 2017.
On May 12, 2017, Funan organized an official shares transfer event attended from new and existing shareholders, authorities,
staff and management, other national and international distinguished guests hold at City Hall, Koh Pich. During the year of
acquisition in 2017, Funan Microfinance Plc. has been transformed and defined new target market segment compliment to
the target market of its parents company, the Cambodia Post Bank PLc. In 2017, Funan had 51 branches, 638 employees,
19,825 clients, and the loan outstanding was increased to US$28.7 Million.