TWO Cambodian microfinance institutions have secured loans from the Luxembourg-based Grameen Credit Agricole Microfinance Foundation, amounting to a total US$1.14 million. Thaneakea Phum Cambodia Ltd received the equivalent of a $1 million loan, while Chamroeun Microfinance received a loan of $144,000, according to a release from Grameen Credit Agricole Microfinance Foundation this week
Angkor ACE Star Credit Limited, which is South Korean micro-finance institution, is opening its operation in the Kingdom of Cambodia, and it is the 23rd Micro-finance institution in Cambodia. Chor Sooho, Chief Executive of new micro-finance institution, was quoted by the Post as saying that the firm- which has made an initial investment of US$1 [...]
Cambodian Microfinance Association (CMA) released its figures that during the third quarter of this year, Cambodia’s microfinance institutions (MFIs), which included 21 MFIs and small loans from ACLEDA Bank, increased 5.46 percent to 448.1 million, following a 2.7 percent drop in outstanding loans in the second quarter. According to CMA’s data, non-performing loans (NPLs) declined [...]
Outstanding debt for microfinance loans dipped slightly in the first half of the year, with less people borrowing in a slow economy, according to a national group of microfinance lenders. Outstanding loans were down at least $20 million for the first half of 2009, the first-ever decrease in nearly a decade, according to the Cambodian [...]