Intean Poalroath Rongroeurng (IPR) The company Intean Poalroath Rongroeurng Ltd. (meaning Credit, Population, Prosperity in Khmer) was founded by two private Cambodian individuals, Mr. Oknha Phou Puy and Ms. Hao Simorn, in 2003. It was founded as a credit unit of the Federation of Cambodian Rice Millers Associations, to alleviate the capital constraint of rice mill entrepreneurs who lacked access to credit to expand their production.
In January 2005, the Unit registered with the National Bank of Cambodia as a rural credit operator. In July in the same year, the Unit transformed into a private limited liability company and officially registered with the Ministry of Commerce under the name “Intean Poalroath Rongroeurng Ltd”, IPR, with a registration number Co. 7896/05 P. The Company furthermore received a microfinance institution license, MF 014, from the National Bank of Cambodia in August 2005. As the funding situation of rice mills had gradually improved over time, IPR turned its focus to small farmers after its registration and MFI license. On June 24th 2008, IPR’s MFI license was renewed by the NBC as a permanent one. On April 03rd 2009, IPR re-registered following a capital injection from its existing shareholders. A new permanent MFI license that took the capital increase into account was granted by the NBC on June 19th 2009.
In 2010, the Company’s ownership underwent a significant change. Ms. Hao Simorn transferred the entirety of her shares in IPR with full rights to Mr. Oknha Phou Puy in July 2010. On December 30th 2010, Leopard Cambodia Fund, Cambodia’s first private equity fund operated by the international financial group Leopard Capital L.P., took a minority stake in IPR though the Hong Kong based company IPR (HK) Limited.
Website: www.iprmfi.com
