News

PM orders another logo change

Prime Minister Hun Sen yesterday ordered microfinance institute (MFI) Prasac, one of the largest in Cambodia, to change its logo immediately for fear that the public may confuse it as representing the government. ...

Sok Chan
http://www.khmertimeskh.com/news/35753/pm-orders-another-logo-change/

Cambodian investment by fund with $1 billion ambition to increase sustainability-focused banking

Sustainability Finance Real Economies SICAV – SIF (SFRE, pronounced Sapphire) has made an investment totalling USD 4 million in PRASAC (Cambodia) a microfinance institution, in line with its strategy of advancing social, environmental and economic development by providing capital to banks. ...

Luxembourg
http://www.prnewswire.com/news-releases/cambodian-investment-by-fund-with-1-billion-ambition-to-increase-sustainability-focused-banking-574962271.html

MFI deposits double in 2014

The total amount of savings at Cambodia’s deposit-taking microfinance institutions (MFIs) reached $897 million by the end of 2014, more than doubling from its 2013 base of $445 million, according to figures from the Cambodian Microfinance Association (CMA). Prasac is the largest MFI with deposits ...

Hor Kimsay
http://www.phnompenhpost.com/business/mfi-deposits-double-2014

After poll, deposits at microfinance institutions down

Saving deposits at microfinance institutions (MFIs) this month decreased slightly from the average monthly amount because of a rise in withdrawals, industry officials said. Bun Mony, president of the Cambodia Microfinance Association (CMA), and the general manager at MFI Sathapana Limited, said many people have come ...

http://www.phnompenhpost.com/business/after-poll-deposits-microfinance-institutions-down

MFI loans, deposits continue to increase

Both outstanding loans and savings deposits in 35 microfinance institutions (MFIs) continued to grow from January through to June this year, according to the latest report from the Cambodia Microfinance Association (CMA). By the end of the first half of this year, total loans from MFIs ...

http://www.phnompenhpost.com/business/mfi-loans-deposits-continue-increase

Largest MFI Prasac gets loan boost for coffers

Cambodia’s largest microfinance institution, (MFI) Prasac, has received a $60.5 million loan to strengthen its capacity in offering broader financial services in the country. On Friday, Prasac signed the agreement for the syndicate loan – provided by more than one lender – with the Netherlands Development ...

http://www.phnompenhpost.com/2013070166577/Business/largest-mfi-prasac-gets-loan-boost-for-coffers.html

Cambodia business embraces Facebook advertising

With an average of 1,100 additions every day, a new user joins Facebook in Cambodia every two minutes, according to estimates from social media marketing and advertising agency Social Media Plus. Founder of Social Media Plus Anthony Galliano said more and more companies operating in Cambodia ...

http://www.phnompenhpost.com/2013021261301/Business/cambodia-business-embraces-facebook-advertising.html

Loans and deposits climb

Loans and deposits at Cambodia’s 32 micro-finance institutions and four NGOs, as well as small loans from Acleda Bank, rose sharply last year compared with a year earlier. Industry players say this is a result of the Kingdom’s rapid economic improvement and political stability. Official data from ...

http://www.phnompenhpost.com/2013020461166/Business/loans-and-deposits-climb.html

Prasac borrows $1.5m from German company

Assets of Cambodian Microfinance Institution Prasac reached US$210 million with the combination of newly borrowed $15 million from Germany’s Deg-Deutsche Investitions Und Entwicklungsellschaft Mbh (DEG), officials said during the signing ceremony. The seven-year agreement at an annual interest rate of 5.5 per cent would help Prasac ...

http://www.phnompenhpost.com/index.php/2012083058374/Business/prasac-borrows-15m-from-german-company.html

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 ...

http://www.etmcambodia.com/blog.php?article=505

Advanced Bank of Asia loans MFI $2m

The Advanced Bank of Asia (ABA) last week loaned PRASAC Microfinance Institution US$2 million to support the rapid growth of the microfinance loan industry. The domestic loan was chosen to “diversify our funding sources” because of a large reliance on overseas capital which moves many of the jobs created ...

http://www.phnompenhpost.com/index.php/2012052956446/Business/advanced-bank-of-asia-loans-mfi-2m.html

PRASAC takes $2m loan from Dutch firm

PRASAC Microfinance Institution, Cambodia’s biggest MFI by outstanding loans, has received a US$2 million loan from the Netherlands Development Finance Company ...

http://www.phnompenhpost.com/index.php/2012031955101/Business/prasac-takes-2m-loan-from-dutch-firm.html

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