Unofficial lenders flock to the NBC seeking to be registered
More than 100 unofficial lenders have flooded into the National Bank of Cambodia seeking formal registration after the authorities announced a crackdown earlier this month on unrecognised operators. In a joint declaration from the Ministry of Economy and Finance and the NBC on February 2, officials appealed to consumers to be wary of the increasing prevalence of unrecognised lenders, often operating in small groups and masquerading as NGOs or microfinance institutions. …
Chan Muyhong
http://www.phnompenhpost.com/unofficial-lenders-flock-nbc-seeking-be-registered
