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Internal Exchange Rate

Date  :   18-12-17

IN      :    4050 USD
OUT  :    4029
KHR

Date  :   15-12-17

IN      :    4049 USD
OUT  :    4029 K
HR


 

I. BAYON CREDIT MFI creates several types of credit products to satisfy their clients, living in rural, communities, towns, urban, and city, for who need fund to open or expand their businesses. Loans will be granted based on actual needs and repayment capacity of the clients. Interest rate and loan term are competitively set and based on borrowers’ income generation.  With loans given by BAYON CREDIT MFI, borrowers will be able to improve their living standards and sustainability of the national economy as well. Loans could be provided in Khmer Currency and US Dollar.

TYPE OF LOAN PRODUCTS

II. GROUP LOAN

A group loan is created to meet customers’ demands for small loans to run small businesses and also for agriculture production to improve their living standards day to day.

Condition to get loan

· Group Loan will be created from 2 to 4 members which aging from 18 to 60 years old (Good health and can earn income).

· A member is a permanent resident in the same village and have same or similar business

· Group Guarantee to each other

· Loan Size is up to 1,500 KHR or equivalent to USD with term up to 12 months and flexible interest rate and repayment methods

III. INDIVIDUAL LOAN

BAYON CREDIT MFI created individual loan products to satisfy customers’ demand that is living in rural, communities, towns, urban, and city and who demands funds for creating their new business or expanding their businesses, household family, production, services …

a. Micro, Small loan

Condition to get loan

· Loan size is up to 50, 000, 000KHR or equivalent to USD, with term up to 48 months and flexible interest rate and repayment methods

· Who is aging from 18 to 60 years old(Good health and could earn income) living in permanent address in the village and he/she has a legal business with profitability

· He/she has to contribute own fund at least 20% of total investment fund and he/she has property to mortgage for the loan.

b. Housing loan

BAYON CREDIT MFI created housing loan to satisfy their customers who have regular income to improve, decorate their existing houses and/or build new house.

Condition to get loan

· Loan size is up to 50, 000, 000KHR or equivalent to USD, with term up to 120 months and flexible interest rate and repayment methods

· Who is aging from 18 to 60 years old(Good health and can earn income) living in permanent address in the village and he/she has a legal business with profitability

· He/she has to contribute own fund at least 60% of total construction cost and he/she has property to mortgage for the loan.

c. Consumption loan

BAYON CREDIT MFI created consumption loan to satisfy their customers who have regular income and wants to purchase furniture, equipment, car, and/or anything to support using in their houses.

Condition to get loan

· Loan size is up to 50, 000, 000KHR or equivalent to USD, with term up to 60 months and flexible interest rate and repayment methods

· Who is aging from 18 to 60 years old(Good health and can earn income) living in permanent address in the village and he/she has a legal business with profitability

· He/she has to contribute own fund at least 60% of total construction cost and he/she has property to mortgage for the loan.

d. Motor loan

BAYON CREDIT MFI created motor loans to satisfy their customers who have regular income but it is small and they want to purchase motorcycle for their work, study …

· Loan size is up to 12, 000, 000KHR or equivalent to USD, with term up to 60 months and flexible interest rate and repayment methods

· Who is aging from 18 to 60 years old(Good health and can earn income) living in permanent address in the village and he/she has a legal business with profitability

· He/she has to contribute own fund at least 20% of Motor’s price and he/she has property to mortgage for the loan.

e. Agriculture loan

BAYON CREDIT MFI created Agriculture loan to satisfy their customers who run agriculture production, services, farms, …

· Loan size is up to 12, 000, 000KHR or equivalent to USD, with term up to 60 months and flexible interest rate and repayment methods

· Who is aging from 18 to 60 years old(Good health and can earn income) living in permanent address in the village and he/she has a legal business with profitability

· He/she has to contribute own fund at least 20% of total operational fund and he/she has property to mortgage for the loan.

IV. REQUIRED SUPPORTING DOCUMENTS

· A copy of ID card, or birth certificate, family book, or other relevant documents.

· Copy of title deed or land certificates

· Business plan, Patent, Company’s profile, Company status, if possible, in case Customer is a Company.

V. SERVICEs

· BAYON CREDIT MFI is waiting to serve you any time in working day and without any charge.

· Customer could contact directly to Credit Officer or by phone call. BAYON CREDIT MFI’s Credit Officer will serve you at any place you desire.

Period of loan process within 1 to 3 days if customer completely provides supporting documents