Cambodia’s microfinance institutions are competing with each other with various strategies to extend growth, following a decline in their number of borrowers in the wake of the economic downturn. The Prasac Microfinance Institution has implemented three strategies over the past two months in order to bring in more borrowers, said Sim Senacheert, general manager of [...]
Posts Tagged ‘credit’
Micro-Lenders Drop Rates, Seek Borrowers
August 12th, 2009 
Cambodia Economy 
Posted in Banking System 
Tags: credit, financing, global financial crisis, lending loan, microfinance institutions 
No Comments »Banking on an economic crisis
May 8th, 2009 Cambodia Economy EXACTLY one year after the subprime mortgage crisis first hit in the United States in July 2007, Cambodia’s central bank took measures to reduce liquidity in its undeveloped financial system by doubling reserve requirements from 8 percent to 16 percent. This move showed Phnom Penh was clearly out of sync with the world’s major financial [...]
Cambodia advances 15 places in doing business 2009 rankings
March 16th, 2009 Cambodia Economy Cambodia has moved up 15 places in Doing Business in 2009, a report published on September 10 by IFC and the World Bank, that compares the ease of doing business around the world. Cambodia’s significantly higher standing is the result of reforms that make it easier for businesses to get credit and to close a [...]
