Credit Mutuel Kampuchea (CMK)
Crédit Mutuel Kampuchea (CMK) is a program supported by Centre International du Crédit Mutuel(CICM), an international non-profit organization dedicated to promoting economic and social development in developing countries by offering everyone access to financial services, especially those excluded from the traditional banking sector. CICM is an association created in 1979 under the Crédit Mutuel Foundation that controls all the national corporate activities of the famous* cooperative bank Crédit Mutuel in France.
Present in emerging countries for more than 30 years, CICM puts the emphasis on solidarity based values, on savings as a way to alleviate poverty and cooperative institution in search of sustainability. The criteria are the political, economic and cultural abilities of these actors sharing cooperative values rather than financial profitability.
*Crédit Mutuel was rated “Bank of the Year 2010 & 2011” by the prestigious magazine The Bankers and was the only French bank which had its rating unchanged during the recent global financial crisis.