PRASAC increases share capital to US$20 million
PRASAC Microfinance Institution, celebrating its eighteenth anniversary this year in the Cambodia microfinance market, has increased its registered capital from 15-4 billion riel to 80 billion riel. The increase of the share capital has been authorized by the National Bank of Cambodia and the company is now amending its Articles of Incorporation. PRASAC’s share capital is distributed among five shareholders, each holding 22.25 percent: the Belgium Investment Company for Developing Countries (BIO), the Dragon Capital Group (DCG), the Netherlands Development Finance Company (FMO) and the Lanka Orix Leasing Company (LOLC), while the PRASAC Staff Company (PS Co.) holds 11 percent. With this arrangement all four international companies become influential shareholders. …
