About MEADA Rabrong Plc.
Cambodian Health Committee (CHC) was established on 1994 as an NGO in response to the public health problems (especially Tuberculosis) among rural poor people in Svay Rieng. CHC also initiates Credit Program as an effort to provide financial services as another means of combating poverty that transformed into a registered micro finance that licensed by National Bank of Cambodia (NBC).
Seeing that no organizations presently provides insurance to the Cambodian poor population, and realizing the insufficiency of savings and credit services through microfinance in assisting the poor to manage and cope up with uncertain losses such as death, the Cambodian Health Committee initially launched a microinsurance project known as MEADA Program on 2007 in order to provide affordable risk protection coverage to MFI clients borrower.
It started a pilot social protection program in three (3) branches in Kampot Province being the first microinsurance project in Cambodia. The purpose of CHC MEADA Program were to promote the welfare of economical protection for the vulnerable household, to avoid clients from selling of valuable properties such as farm land, rice field, jewelries and livestock to repay their loans in case of death as they are their sources of income and their next generations’ lives and no more debts to pay in case of death or disability of client borrower and will provide death benefits for them.
On May 08, 2015. CHC MEADA Program received the certificate of registration from the Ministry of Commerce as a Public Limited Company (PLC) and then obtained the license to operate as a Microinsurance Company from the Ministry of Economy and Finance on September 15, 2015.