Y.L.P Microfinance Plc was founded in late 2019 by six (6) Cambodian businessmen and obtained a business license from the National Bank of Cambodia on March 27, 2020; however, due to the Covid-19 pandemic, the institution could not run its operation. Later, Y.L.P launched the first operation on February 2, 2022 in Banteay Meanchey Province with its own establishment which is located in Building 668, National Road 5, Korathan Village, Sangkat O’Ambel, Krong Serei Saophoan. Then it continued to expand more operations in different districts throughout Banteay Meanchey province with effective key strategic structure and operation.
In 2022, Y.L.P Microfinance Plc continues to implement its main goals and strategies to become the leading microfinance institution in the province in order to help improve the living standards of the people by providing various loans to customers such as small business loans, micro loans, medium loans, agricultural loans, personal loans, loans for civil servants and quick loans. These alternatives can help people meet their financial needs and also contribute to local and national development in accordance with the policies and strategies of the Royal Government.
In 2022, Y.L.P Microfinance Plc achieved the following significant financial results:
- Total Assets: US$ 6,635,058.
- Total Loan Portfolio: US$ 6,093,566.
- Total Active Customers: 583 people.
- Total Operating Income: US$ 277,577.
In addition, Y.L.P Microfinance Plc has contributed to many social and community activities such as providing school supplies, bicycles, computers, and other materials to students and schools.
As the Acting Chief Executive Officer of Y.L.P Microfinance Plc, I would like to thank all the management team, staff, and Board of Directors for your kind advice and support to make our institution run smoothly and efficiently.
Finally, I would like to thank the Royal Government of Cambodia, the National Bank of Cambodia, local authorities at all levels, relevant partners, and all clients who have always supported Y.L.P Microfinance Plc so far.