Outstanding debt for microfinance loans dipped slightly in the first half of the year, with less people borrowing in a slow economy, according to a national group of microfinance lenders. Outstanding loans were down at least $20 million for the first half of 2009, the first-ever decrease in nearly a decade, according to the Cambodian [...]
Posts Tagged ‘debt’
Lenders faced with the repayment of microfinance loans
March 12th, 2009 
Cambodia Economy In the meeting, representatives and experts said that around 0.6 percent of borrowers from the Cambodia Microfinance Association (CMA) are unable to pay their loans. Although this represents a small percentage, late payments are on the rise. Bun Mony, director of MCA, was quoted by the Cambodia Daily as saying that “most of my borrowers [...]
Posted in Loan 
Tags: Cambodian farmers, credit, Credit Microfinance Institute, debt, global financial crisis, lender, Loan, loan borrowers, MFI, micro-lender, micro-loans, microfinance 
No Comments »$50 Million in soft loans to be granted to Cambodia
March 11th, 2009 Cambodia Economy Abel Garamhegyi, State Secretary of Hungary’s Finance Minstry, led government delegation and businessmen to Cambodia said at the Ministry of Finance on Monday that the Hungarian government makes discussion to provide a US$ 50 million in soft loans to Cambodian government in order to help build infrastructure, and irrigation system and to promote agricultural productivity. [...]
Posted in Loan Tags: agricutureal productivity, Cambodia, debt, Finance, Hungary, irrigation system, Loan, soft loan No Comments »
