Huge Increase in MFI Loans, Deposits

2 May 2013
The Phnom Penh Post
Banking and financial services / Economy and commerce
AMK / AMK Chief Operation Mam Choeurn / Angkor Microheranhvatho Kampuchea / business expansion / Cambodia Microfinance Association / Cambodian Microfinance Association (CMA) / CMA / CMA General Manager Bun Mony / commercial lending / Consumer Lending / Din Virak / domestic credit growth / Domestic Saving Growth / Hattar Kaksekar Limited / loans / MFI / Microfinance / Microfinance institutions / Nonperforming loans / NPL / Prasac Microfinance / Sathapana Limited / Sathapana Limited Chairman Bun Mony / V Capital / V Capital Founder Din Virak / V Capital Managing Director Din Virak

More economic activity and a better understanding of using formal financial services among rural residents are leading to good loan performance rates and increases in savings deposits in Cambodia’s microfinance industry, according to industry sources. The loan portfolios of the 35 registered microfinance institutions (MFI) and four NGOs that are members of the Cambodia Microfinance Association (CMA) reached $1 billion at the end of March, a 41 per cent increase from a year earlier, according to recent figures from the CMA. Deposits made at seven microfinance institutions that are licensed to take deposits (MDIs) reached $346 million, a 145 per cent increase over the past 12 months. ...

http://www.phnompenhpost.com/2013050265366/Business/huge-increase-in-mfi-loans-deposits.html