- Region: Asia & Pacific
- Country: Cambodia
- Sector: Banking
- Year: 2008
- Domicile: Cambodia
- Instrument: Loan
- Commitment (MNOK) as of 31.3.2017: 85.8
- Original Commitment (MNOK): 182.5
Founded as an NGO, Sathapana has grown into a leading, commercially-based FI in Cambodia, providing loans to entrepreneurial women in semi-urban areas in Cambodia. In 2012, SPN was bought by Maruhan Bank (95%) and rest of shares are owned by the founding NGO. In April 2016, SPN MFI was transformed into a commercial bank (“SPN” or “the Bank”) after having received the commercial banking license from the National Bank of Cambodia (“NBC”). This was achieved by consolidating SPN MFI with Maruhan Japan Bank (MJB) of Cambodia.
Sathapana provides financial services to small and micro businesses that would not receive such services from traditional banks. This dynamic company also has a clientele that is largely made of female entrepreneurs.
Poverty is on the decline in Cambodia albeit at a slower pace. The country faces several development challenges, among others lack of access to capital. With this investment, Norfund wishes to contribute to making basic financial services available to the poor.