News
Cambodian Banking and Financial Associations implement new rules to strengthen operations and consumer protection
The Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) have introduced new regulations to enhance responsible business practices and bolster consumer protection in the country’s banking and financial sectors. Announced on Friday, the new rules are designed to promote a sustainable ...
Khmer Times Staff
https://www.khmertimeskh.com/501543235/cambodian-banking-and-financial-associations-implement-new-rules-to-strengthen-operations-and-consumer-protection/
More Cambodian borrowers of MFIs are buying land than selling
The financial standing of Cambodian borrowers has seen improvement over the years in many cases, as per data with the Cambodian Microfinance Association (CMA). ...
Rachel David
https://www.khmertimeskh.com/501523109/more-cambodian-borrowers-of-mfis-are-buying-land-than-selling/
Microfinance sector provided $5.12B loans to 1.57M clients in 2023
The microfinance sector has provided a credit sum of $5.12 billion to 1.57 million clients, an average of $3,260 per account last year, creating direct employment for 21,567 people nationwide with a business network of 904 offices. ...
Nhean Chamrong
https://www.khmertimeskh.com/501440074/microfinance-sector-provided-5-12b-loans-to-1-57m-clients-in-2023/
Microfinance formed over 30% of Cambodia’s 2022 GDP
Microfinance has grown exponentially in Cambodia and is not as stressed as reported by the international media, according to a study by research firm M-CRIL in partnership with the Cambodia Microfinance Association (CMA). A sector which had only 50,000 clients in 1995, now services 2.1 ...
Rachel.David
https://www.khmertimeskh.com/501429233/microfinance-formed-over-30-of-cambodias-2022-gdp/
Microfinance has improved a majority of people’s life - CMA study
A study on over 3,200 microfinance borrowers from 450 villages in 10 provinces in the country has revealed that two thirds of them have seen an improvement in their lives, according to the Cambodian Microfinance Association (CMA). ...
Kiripost staff writers
https://kiripost.com/stories/microfinance-has-improved-a-majority-of-peoples-life-cma-study
MFI outstanding loans stood at $5.13 billion in 2023 Q3
Total outstanding loans in the microfinance sector stood at $5.13 billion during the end of the third quarter of the last year, according to the latest data published by the Cambodia Microfinance Association (CMA). ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501422993/mfi-outstanding-loans-stood-at-5-13-billion-in-2023-q3/
Complaint advances against investor Oikocredit for role in microfinance sector’s abuses
A Dutch government watchdog group accepted a complaint last Friday alleging that social investor Oikocredit contributed to abuses in Cambodia’s microfinance sector. ...
Probe launched into ‘debt-related suicides’
The Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) are working together with members over the allegation on suicides and attempted suicides due to over-aggressive handling by loan officers in Ratanakkiri recently. ...
May Kunmakara
https://www.phnompenhpost.com/business/probe-launched-debt-related-suicides
Chea Serey promoted to central bank governor
Chea Serey has been formally appointed as governor of the National Bank of Cambodia (NBC) on the heels of her promotion from central banking director-general to deputy governor in March. ...
May Kunmakara
https://www.phnompenhpost.com/business/chea-serey-promoted-central-bank-governor
Losing 104 rural credit agencies ‘may allow growth’ in finance sector
The central bank’s recent revocation of the operating licences of 104 rural credit institutions (RCI) – nearly half – should not have significant ramifications on the Kingdom’s wider financial system, industry insiders and observers have assured. ...
NBC warns of scammers in disguise
The National Bank of Cambodia (NBC) has appealed to the public to exercise increased caution before transferring money to anyone in order to avoid cyber-scams. ...
Chea Sokny
https://www.phnompenhpost.com/national/nbc-warns-scammers-disguise
Central bank, CMA roll out local-level ‘safe finance’ plan
The Kingdom’s central bank and the Cambodia Microfinance Association (CMA) have jointly launched a project aimed at promoting financial literacy, consumer empowerment and consumer protections at the community level. ...
Yuth Vireak
https://www.phnompenhpost.com/business/central-bank-cma-roll-out-local-level-safe-finance-plan
MFIs seek boosting financial literacy at communal level
A project to strengthen financial literacy at the local level has been launched to promote knowledge related to finance, rights, and client protection as well as to increase clients’ access to formal financial services within communities. ...
Ou Sokmean
https://cambodianess.com/article/mfis-seek-boosting-financial-literacy-at-communal-level
Microfinance growth slows in final quarter
Growth in the country’s expanding microfinance sector slowed slightly in the last quarter of 2015, but both loans and deposits finished the year about 45 percent higher than at the end of 2014, according to figures from the Cambodia Microfinance Association (CMA). ...
Kang Sothear
https://www.cambodiadaily.com/news/microfinance-growth-slows-in-final-quarter-107138/