News

MFIs agree to loan repayment relief for borrowers hit by flooding

Financial institutions said on Wednesday that they will provide favorable easing to customers who have been affected by severe floods, following an appeal by Prime Minister Hun Sen. ...

Chhorn Raksmey
https://kiripost.com/stories/mfis-agree-to-loan-repayment-relief-for-borrowers-hit-by-flooding

MFIs urged to help ease flood victims' financial burden

Prime minister Hun Sen on Monday called on all microfinance institutions (MFIs) to throw a financial lifeline to people affected by flooding and defer loan repayments and ease interest rates. ...

Chhorn Raksmey
https://kiripost.com/stories/mfis-urged-to-help-ease-flood-victims-financial-burden

New MoU will make loans easier to decide and repay

Agriculture Rural Development Bank (ARDB) together with Wing (Cambodia) Ltd Specialized Bank and Cambodia Investors Corp (CIC) inked a memorandum of understanding (MoU) to facilitate loan repayments, encourage the use of digital banking and to provide information to borrowers to guarantee the credit deal. ...

Sok Chan
https://www.khmertimeskh.com/50727796/new-mou-will-make-loans-easier-to-decide-and-repay/

Nation’s banks adopt NBC’s COVID-19 crisis measures

As COVID-19 continues to carve out a path of economic destruction in the Kingdom, several financial institutions are considering re-classifying their loan-repayment structures to help relieve customers in fiscal trouble, in line with recent guidelines released by the National Bank of Cambodia. ...

Sok Chan
https://www.khmertimeskh.com/50712853/nations-banks-adopt-nbcs-covid-19-crisis-measures/

Loan repayment suspension of garment workers get the nod

Garment workers whose jobs suspended due to raw material shortages are now allowed to delay their loan repayments to the commercial banks and microfinance institutions (MFIs). ...

Khmer Times Staff
https://www.khmertimeskh.com/50700950/loan-repayment-suspension-of-garment-workers-get-the-nod

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