Symbiotics Investments Issued a $7.5 M Green Loan With AMK Microfinance Institution Plc in Cambodia
AMK Microfinance Institution Plc “AMK”, one of the largest microfinance deposit-taking institutions in Cambodia, has recently raised a $7.5 million green loan arranged by Symbiotics Investments. The loan was subscribed by the $75 million green basket bond program structured by Symbiotics Investments in partnership with British International Investment “BII”, the United Kingdom’s development finance institution and impact investor.
AMK Microfinance’s mission is to provide a range of responsible financial services to its clients from varying economic segments, particularly low-income households and women, to help them to achieve their financial and household aspirations. With this green loan, AMK shows how microfinance financial institutions, in highly vulnerable to climate hazards countries, may align their environmental bottom line with financial and social objectives.