ABOUT US | CEO's Message
Dear valuable Customers and Business Partners,
Please be informed FUTABA Microfinance Plc., received a business license as a microfinance institution from the National Bank of Cambodia to operate business activities on December 16, 2015. With its fulfillment of good business performances achieved, strong management by which the activities of directing, controlling, and organizing the company followed by laws and regulations as well as clear vision with effective long-term Strategic Business Plan, the National Bank of Cambodia has decided and officially issued the Permanent License as Microfinance Institution in lieu of the given Three Year - License for FUTABA Microfinance Plc., since December 30, 2019, and also approved operating a new branch at Krong Doun Kaev Branch in Takeo Province, which received a legal license from the National Bank of Cambodia on February 07, 2023. In 2024, the National Bank of Cambodia also issued a new license with a new governor, on July 24, 2024.
The economic situation in Cambodia is still not well, and we have noted that the situation of the banks, financial institutions, and leasing institutions sector, as well as FUTABA Microfinance Plc., in 2024, are still facing some challenges, especially in credit quality management, where non-performing loans have been increasing. We established FUTABA Microfinance Plc., and have been operating for almost 9 years, serving customers and working at the Head Quarter and 05 branches of the Head Office Branch, Khan Praek Pnov Branch, Khan Pur Senchey Branch, Krong Chbar Mon Branch (Kampong Speu Province), and Krong Doun Kaev Branch (Takeo Province). Krong Doun Kaev Branch is the last branch to run the operations in 2023.
The achievements of FUTABA Microfinance Plc., as of December 31, 2024 as follows:
1. Total staff: 97, 28 females and 69 males
2. Total Active Customers have been using loans 1,015
3. Total Loan Portfolio is US$14,798,206
4. Total Assets is US$15,549,479;
5. Net Profit In 2024 is US$307,018;
6. Portfolio at Risk (More than 30 days) is 19.41%;
7. Written-Off Loan is still 0%.
Until now, although FUTABA Microfinance Plc., has not yet rapidly expanded many branches within the whole country, our Vision is to become one amongst the premier leading Financing Institutions in the Kingdom of Cambodia to contribute to the sustainable Society Development and Stable Economic Growth for both current & Next Generation throughout stabilizing and transparency of Financing Markets and Long-Term Strategic Business Plan for expanding operational areas in other provinces, flexible to the economic situation, which is our sincere wishing as well as our goal.
While customer needs during 2024, we also focused on strengthening our internal control systems, developing and updating policies and procedures, managing and resolving non-performing loans, strengthening staff capacities (through internal and external trainings), and structural reform in the board level to ensure strong and effective execution and monitoring by compliance with the laws and regulations required by the National Bank of Cambodia and relevant ministries.
FUTABA Microfinance Plc., is going to develop various kinds of services for solving financial requirement for our existing and future customers. To satisfy our customers' need, FUTABA Microfinance Plc., has developed various kinds of Financial Product such as Business Loan, Agricultural Loan, Housing Loan, Consumption Loan, Staff loan, Education Loan, and Employee Loan. The Staff Loan and Education Loan are offered with a very low Interest Rate with the best services, for contributing in social enhancement, staff living conditions, and human resources development.
The global economic situation and the current economy of Cambodia are still not good, which poses some challenges to the banking, financial and leasing sectors and also affects to FUTABA Microfinance Plc., with lower achievement than planned on profits and an increasing in the number of overdue loans. But for the Cambodia's banking and microfinance systems have been continuing to be strong, which brought Cambodia’s domestic economic activities to return back to be normal and businesses operating better in the near future. Last but not least, we do believe that our institution will continue to operate effectively and will be the PATHWAY for Cambodian Next Generation, which should be materialized based on our Fair and Transparency of Financial Services, funded by a single Shareholder from Japan, which we can manage skillfully and make decisions quickly to meet customer needs.
To make "Dreams Come True", for both customers and FUTABA Microfinance Plc., we are pleased and welcome to provide our warmed and confident financial services to our esteemed customer with a wide range of loan services everywhere and all the times.
Finally, on behalf of FUTABA Microfinance Plc., Management, I would like to thank to our Customers, Shareholder, Board of Directors, Deputy CEO, managements and all staffs for their supporting and effort making in role and responsibility to implementing the FUTABA Microfinance Plc.,'s strategies, as well as the National Bank of Cambodia and relevant ministries for always collaborating and supporting us so far.
Dreams Come True!