Big strides for savings in MFIs

Microfinance deposits are on the rise, a positive trend that the industry says is moving the country towards a reduced dependency on foreign funding and that will eventually lead to greater control over interest rates. The seven microfinance institutions licensed to take deposits collected $209 million ...

Hor Kimsay

World Bank Says Freeze on Lending Remains

After repeatedly equivocating about whether it has lifted a 2011 freeze on new lending to Cambodia in response to the government’s forced evictions of families in Phnom Penh, the World Bank has said that the suspension is still firmly in place. “The World Bank has not ...

Zsombor Peter

Micro-lender Plans to Become Commercial Bank

Amret, one of the largest micro-finance institutions (MFIs) in the country, has announced that it is making plans to raise the capital required to become a full commercial bank by 2015, an official at the institution said yesterday. Chea Phalarin, CEO of Amret, said the decision to expand ...

MFIs defy typically slow first quarter

Total loans and deposits at the Kingdom’s microfinance institutions jumped in the first quarter of 2012 despite what is typically a slow season for the industry, insiders said yesterday. Loans outstanding reached US$708 million for the period ending on March 31, climbing 9.8 per cent from ...

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