News

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/

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. ...

Rann Reuy
https://www.phnompenhpost.com/national/losing-104-rural-credit-agencies-may-allow-growth-finance-sector

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/

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