Wednesday, February 17, 2010

Phnom Penh Provincial Branch Meeting

The provincial branch meeting (PBM) is a forum for CMA members to share and discuss current developments within their respective operational area. They are held on a quarterly basis and as needed with all middle management representatives invited to participate including branch managers and authorized decision-making staff. As of December 2009, CMA had conducted 71 PBMs with 637 participants in 15 provinces.

The Phnom Penh Provincial branch managers met on Wednesday, February 17th 2010 at the Amret Head Office to review the terms of reference (TOR) which provides guidelines for conducting PBMs. Only 7 out of 20 member MFIs attended the meeting. Those MFIs which were not represented had prior commitments while a few may not value the benefit in joining PBMs. Despite the small turnout the attendees proceeded with the session with comments on the TOR, raising issues concerning the representation of Phnom Penh’s microfinance network. The group drew up stricter parameters to define the duties of member MFIs in maintaining a healthy and sustainable microfinance sector. One such amendment was the shared responsibility of the chairperson to notify the CEO of the MFI whose representatives missed a determined number of PMBs. The group also iterated that CMA does not have an authoritative role, that which belongs to the National Bank of Cambodia, but rather serves as an independent and neutral coordinator for Cambodia’s microfinance sector. The signing of the TOR will take place next month to ensure that all members have the opportunity to contribute their comments.

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