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 [...]
Posts Tagged ‘microfinance’
Microfinance recruitment slowing
March 16th, 2009 
Cambodia Economy THE rate of job creation in the microfinance sector will slow sharply this year as the sector’s previously high levels of loan growth start to slow, the industry body has warned. Bun Mony, chairman of lender Sathapana Limited and a board member of the Cambodian Microfinance Association (CMA), forecasts sector-wide employment growth could be as [...]
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 
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