New MFI To Launch Operations

7 May 2013
The Phnom Penh Post
Banking and financial services / Economy and commerce / Investment
Bun Mony / Cambodia Microfinance Association / Cambodia Microfinance Association president Bun Mony / Cambodia’s Microfinance Market / CMA / CMA President Bun Mony / MFI / MFI’s Shareholders / Microfinance Institution / National Bank of Cambodia / National Bank of Cambodia director general Nguon Sokha / NBC / Nguon Sokha / ORO Financecorp Plc

A new microfinance institution (MFI), ORO Financecorp Plc, is set to open in Cambodia, according to the director-general of the National Bank of Cambodia (NBC). …

Cambodia already has 35 registered MFIs, according to a recent report by the Cambodia Microfinance Association (CMA). …

Last week, the Post reported that the loan portfolios of the 35 registered MFIs and four NGOs that are members of the CMA reached $1 billion at the end of March, a 41 per cent increase from the same time last year. …

http://www.phnompenhpost.com/2013050765436/Business/new-mfi-to-launch-operations.html