Tag Archives: lending loan

New Loans for Small Businesses

Everybody wants to have their own business these days but not all are business conglomerates to get started on their own. This is where loans for small business come in handy. Agencies like the small business association have helped scores of people in realizing their dreams of starting their own small business. Apart from small … Continue reading

China loans $1.2bn for Cambodia

Chinese Vice President Xi Jinping officially has visited Cambodia during a three-day state visit. China agreed to give US$1.2 billion in interest-free loans for Cambodia’s economic development in 14 different agreements during a signing ceremony at the Council of Ministers. Khieu Kanharith, Information Minister and government spokesman, told reporters during a press conference that Cambodia … Continue reading

Microfinance loan up 5.46 percent in 3th quarter

Cambodian Microfinance Association (CMA) released its figures that during the third quarter of this year, Cambodia’s microfinance institutions (MFIs), which included 21 MFIs and small loans from ACLEDA Bank, increased 5.46 percent to 448.1 million, following a 2.7 percent drop in outstanding loans in the second quarter. According to CMA’s data, non-performing loans (NPLs) declined … Continue reading

Micro-Lenders Drop Rates, Seek Borrowers

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 … Continue reading

Micro-Loans Decreasing in Slow Economy

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 … Continue reading

ACLEDA profits plunge

AN increase in the volume of loans not repaid on time and greater lending caution led to a 54 percent drop in second-quarter profits at ACLEDA Bank, President and CEO In Channy said Monday. Unaudited quarterly financial statements released by the bank last week showed profit after income tax dropped 54 percent to US$1.34 million … Continue reading