Bringing together LOLC’s financial, non-financial and social performance.
How does LOLC translate its policy into practices and impact? Find out more in this section where it showcases the effective translation of an institution’s mission into practice that inline with the accepted social values. LOLC implements the integration of Universal Standard of Social Performance Management into its policy, procedure, training, internal control and implementation.
|Relevant Social Goals||Annual Measurable KPIs||Annual Target||2018||2019||2020|
|Increased access to financial services||Number of borrowers in rural areas||>= 85%||93%||92%||93%|
|Number of borrowers involved in agriculture||>= 30%||46%||39%||34%|
|Percentage of female borrowers||>= 67%||72%||70%||70%|
|Poverty Outreach||Percentage of new group loan borrowers below 150% National Poverty Line
|Environmental Sustainability||Result of environmental assessment in Monitoring||Monitoring||Medium Monitoring
LOLC provides employees with a right environment, good communication, staff safety considerations, and benefits to staff such as training, year-end bonuses, increase annual salary, health benefits (medication and hospital stays), incentives for CO/RM/DBM/HCO, other compensation, etc. Besides, LOLC routinely surveys employee satisfaction or dissatisfaction and reports to management and board of directors annually. LOLC complies with all applicable labor laws.
LOLC has clearly defined social & financial goals and strategies to achieve them by maintaining the
|Environment and Social Assessment
||# of loan||Remarks|
|Low||87||- Client’s risk management quality is high
- Client risk level is low Therefore, no action taken is required
|Medium||83||- Client’s risk management quality is ranged from medium to high
- Client risk level is ranged from low to medium Therefore, monitoring should be tracked to see the progress of the risks.
To contribute to the Cambodia Government in the Covid-19 crisis, LOLC has donated KHR 40,000,000 to the National Committee for Covid-19 Disease Control. For the client, LOLC provided some foodstuff to 790 clients whose economy affected during this bad situation. After the recovery situation, LOLC also donated USD 100,000 to the government for the Covid-19 vaccine expense.
Recently, LOLC (Cambodia) Plc. has supported the publication of 100,000 Anti-drug brochures. In the pictures below, LOLC showed its commitment by delivering the brochures to Mr. Lim Tong Hout, Director of the Department of Legislation Education and Rehabilitation of the General Secretariat of the National Authority for Combating Drugs. LOLC believes the leaflet will contribute to drug trafficking prevention and drug use.
LOLC has a vision of helping people live with dignity, safety, social connection, economic stability and justice. This year, LOLC branch donated rice and noodles to three provinces include Batambang, Banteay Meanchey, and Pursat for supporting to the people who negatively impacted by flooding.
(Cambodia) Plc. has been serving Cambodian public and society for over 26 years,
and has been recognized by both local and international financial authorities. Our
products and services are committed to improving the livelihood of Cambodian
#666B, Street 271, Kbal Tumnub Muoy Village, Sangkat Boeng Tumpun 2, Khan Mean Chey, Phnom Penh, Cambodia.
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