On October 31st, 2023, Serendib Micro Insurance Plc. signed a memorandum of understanding with Ponleu Snam Nhornem Finance Plc. with the aim of reducing informal loan and financial risk and protecting the mental security of clients. The MoU was signed by recognizing the same mission and vision of both institutions: to provide life insurance and credit services inclusively to clients for a better livelihood.

It should also be noted that Serendib Micro Insurance is a life insurance company with a clear vision and long term mission in line with the Cambodian social context, which ensures to provide the excellent diversified microinsurance services to clients with reliability and trust for unexpected risk. Whereas Ponleu Snam Nhornhem Finance Plc., a rural credit institution headquartered in Kamchay Mear district, Prey Veng province, also has a clear vision and mission to provide trusted and flexible loans to clients.

Serendib Micro Insurance is very pleased to be a partner with Punleu Snam Nhornhem Finance, particularly in promoting financial risk reduction and mental security protection for clients. Furthermore, the signing of this MoU demonstrates the improvement of life insurance and credit services in Cambodia by both institutions.

After signing the MoU, both institutions sincerely hope that their clients will receive services with trust and reliability, using the services and products rightly for their purposes. Both institutions will continue to provide life insurance and credit services to all Cambodians based on need, not ethnicity and religion, in line with the strategy of the National Bank of Cambodia: financial inclusion. Serendib Micro Insurance Plc. will continue to partner with other institutions to expand its scope and continue to carry out its mission

PUBLISH DATE: NOVEMBER 24, 2023