Cambodian Microfinance Institution Thaneakea Phum Cambodia receives USD 1.57 mn in Loans from ResponsAbility Global Microfinance Fund

Cambodian microfinance institution (MFI) Thaneakea Phum (Cambodia) Ltd. (TPC) received a USD 1.57 loan from the responsAbility Global Microfinance Fund. TPC began as part of the Small Enterprise Development program of the Catholic Relief Services in Cambodia, but has since evolved into a limited liability company licensed as a microfinance institution by the National Bank of Cambodia. MIX market, the microfinance information clearinghouse, reports that THC has 55,870 active borrowers, a gross loan portfolio of USD 7.3 mn and USD 7.7 mn in total assets as of 31 December 2006. ResponsAbility was created in 2003 by several large Swiss financial institutions. It has USD 96 mn in fund assets as of 31 January 2007 and also reports that USD 89 mn of its fund assets were allocated to microfinance investments during the same period.
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