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CHC becomes SAMIC

| Publication date 24 February 2010 | 08:00 ICT

CHC becomes SAMIC

THE Cambodian Health Committee (CHC), an NGO offering healthcare, has changed its name to SAMIC Ltd in a bid to avoid confusion over its status, which since 2005 has also been as a microfinance institution, General Manager King Kap Kalyan said Tuesday. First established in 1994 as a healthcare provider in rural areas, CHC has for the past five years also offered a full range of microfinance services in the provinces as a body separate from the Cambodian Health Committee. As of the end of December, SAMIC had outstanding loans of US$5.5 million to 11,000 households across seven provinces, said King Kap Kalyan.

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