The context of recovery after the devastating effects of the Covid-19 pandemic is reflected in the recovery of tourism, along with the growth of production activities, with trade agreements such as Regional Comprehensive Economic Partnership (RCEP) and the Cambodia-China Free Trade Agreement. In addition, the Royal Government of Cambodia continues to pay close attention to improving infrastructure, improving the business environment and developing a skilled workforce to support sustainable economic growth and the environment. Cambodia's economy is expected to grow strongly in 2024 with a forecast of 5.8% to 6.4%. At the same time, uncertainty in global trade, investment flows and a slow recovery in the construction and real estate sectors remain a challenge for the Royal Government of Cambodia to address. Measures to strengthen economic resilience and promote competition in the banking sector, such as (Source: Asian Development Bank, World Bank, IPS Cambodia Real Estate).

Looking into financial services, we see that the quality of loan portfolio (NPL) in the banking sector and microfinance institutions has also increased in recent years after the COVID-19 crisis. As of the first quarter of 2024, the loan portfolio quality of PAR>30 for deposit-taking microfinance institutions increased to 4.9%, for microfinance institutions 12.5%, and rural credit institutions 11.2%. Separately, the PAR>30 loan portfolio quality of MAMEDE Microfinance Institution as of March 2024 is only 4.82%.to achieve an average return (ROE) of 14.21% in 2023 and beyond. Growth (ROE) of about 19.22% in the first six months of 2024.

The good results that MAMEDE Microfinance Institution has achieved due to the good cooperation of staff at all levels, especially the financial services team always consider the target use of credit customers and offers. Customer specific problem solutions. The team also examines and studies the needs of clients, risks, possibilities, partnerships and the most appropriate choice of small-scale solutions, and then expands and strengthens clear steps to ensure that the provision of real financial services. It can help customers, business partners and communities to increase productivity effectively, support each other and strengthen each other to achieve the ultimate goal is to help improve the daily lives of customers, business owners and communities. . In addition, the team of MAMEDE Microfinance Institution also helps to improve the quality of investment, investment or operation, encourages MAMEDE Finance Plc. to be able to increase productivity to meet the needs of customers in a more competitive environment.

Strategies for Achieving Long-Term Goals and Achieving High Achievements We need to invest in human resources, technology, finance and facilitation as a stream of visionary operations. Under the guidance and guidance of the Guardian Regulator (NBC) as well as the high responsibility of the financial operator (MAMEDE Finance Institution) in assisting clients and partner entrepreneurs to enable microfinance institutions Developed mammoths will continue to expand their potential rapidly.

Once again, on behalf of us, the Board of Directors of MAMEDE Finance Plc, we sincerely appreciate and thank all the clients, business partners and executive colleagues who have supported each other at this critical stage. Many difficulties, especially in the context of the fierce competition of regional and global free trade and economic well-being.

We stay together, work together, achieve success, grow together, achieve goals and share development equitably !!!

Chairman of the Board

Narin Piseth