The National Bank of Cambodia (NBC), the country’s central bank, and the Cambodia Microfinance Association (CMA) recently launched a project called Strengthening Safe Finance in Community. The goal is to boost “financial literacy, consumer empowerment, and protection” to “enhance safe and secure use
Search Results for: Cambodia Microfinance Association
MICROCAPITAL BRIEF: Cambodia Microfinance Association, Social Performance Task Force (SPTF), Partner on Consumer Protection
Two NGOs, the Cambodia Microfinance Association (CMA) and the US-based Social Performance Task Force (SPTF), recently agreed to create a plan to foster “responsible growth, financial stability and customer protection in Cambodia’s microfinance and broader financial sector.” Elements of the plan include
MICROCAPITAL STORY: Cambodia Microfinance Association Lowers Microfinance Growth Targets Due to Effects of Global Credit Crunch
Microfinance institutions in Cambodia are experiencing reduced lending capacity due to market turbulence in the United States and the European Union. The Cambodia Microfinance Association had set a target for reaching customers, however lower foreign investments will result in a 20 percent reduction in their anticipated fulfilment of customer credit needs.
MICROCAPITAL BRIEF: Cambodian Microfinance Association Members Refusing to Charge Clients Value-added Tax
The 82-member Cambodian Microfinance Association (CMA) recently announced that its affiliated microfinance institutions (MFIs) are declining to enforce the 10-percent value-added tax (VAT) that the country’s Ministry of Economy and Finance (MEF) has levied on financial services.
MICROCAPITAL BRIEF: Cambodian Microfinance Association (CMA) Announces Payment, Interest, Collateral Waivers by Microlenders to Support Flood Victims
Cambodia’s microfinance industry reportedly has announced measures to assist its borrowers that were affected by floods between September and November 2011.
MICROCAPITAL BRIEF: Cambodian Microfinance Association Reports Improved First Quarter Performance over Last Quarter for Microfinance Institutions (MFIs) in Cambodia
According to microfinance industry officials in Cambodia, in the first quarter of 2010, non-performing loan (NPL) rates have remained mostly steady and loan disbursement by microfinance institutions (MFIs) has increased over the fourth quarter 2009.
MICROCAPITAL BRIEF: President of the Cambodian Microfinance Association (CMA) Describes 2009 as a “Difficult” Year for Microfinance in Cambodia
According to Hout Ieng Tong, the president of the Cambodian Microfinance Association (CMA), microfinance in Cambodia had a “difficult” year in 2009 in terms of non-performing loans (NPLs), profits, and loan disbursement [1,2].
MICROCAPITAL BRIEF: Cambodian Microfinance Association (CMA) Reports Poor 2009 Performance for Microfinance Institutions in Cambodia
The Cambodian Microfinance Association (CMA) recently reported that non-performing loans (NPLs) rose an estimated 2.3 percentage points in 2009, as profits from most microcredit lending firms fell by double digits.
NEWS WIRE: Cambodia’s Microfinance Association Forecasts Vast Employment Slowdowns
Source: The Phnom Penh Post.
MICROCAPITAL BRIEF: SEWA Affiliate Sitara Raises $20m in Equity from Nordic Microfinance Initiative, Women’s World Banking, Ongoing Shareholders to Improve Housing Conditions for Women in India
SEWA Grih Lin, an Indian affordable housing finance company also known as Sitara, recently raised USD 20 million in equity, including USD 8 million from the Norway-based Nordic Microfinance Initiative (NMI). Sitara sourced the remainder in unspecified portions from
MICROCAPITAL BRIEF: MicroVest Loans $9m to Acleda Bank via IFC Syndication to Support SMEs in Cambodia, with Focus on Women Entrepreneurs
US-based asset manager MicroVest is lending USD 9 million for five years to Acleda Bank, a publicly traded firm that operates in three countries, to support Acleda’s provision of financial services to small and medium-sized enterprises (SMEs) in Cambodia, particularly those owned by women. The investment is part of a syndication for Acleda by the World Bank Group’s International Finance Corporation (IFC) that is to include up to USD 100 million each from IFC and
MICROCAPITAL BRIEF: Microfinance Institutions in Cambodia Restructured $1.7b in Loans During Early 2021, Requests for Restructuring Peaked in 2nd Quarter
Kaing Tongngy, the director of communications for the 114-member Cambodia Microfinance Association (CMA), reportedly has stated that CMA members restructured approximately USD 1.7 billion in loans during the first six months of 2021. At the beginning of 2021, around
MICROCAPITAL BRIEF: MFIs in Africa, Asia, Latin America Borrow $42m from C-Quadrat Dual Return Vision Microfinance Fund, Including ASA International’s Institutions in Ghana, Uganda
Two microfinance institutions (MFIs) in the ASA International network, those in Ghana and Uganda, recently accepted local-currency loans from the Dual Return Vision Microfinance-Local Currency sub-fund of Austria-based C-Quadrat Asset Management. That sub-fund, together with the Dual Return Vision Microfinance sub-fund issued a total equivalent to USD 42 million during October. The other borrowing MFIs are located in Cambodia,
SPECIAL REPORT: A Model from Cambodia for Preventing Overheating – Not Just Multiple Lending; to be Presented at European Microfinance Week; November 14-16, 2018
Since 
2016, the 95-member Cambodia Microfinance Association (CMA), Incofin, MIMOSA, the Credit Bureau of Cambodia, and several other stakeholders have been developing the CMA Lending Guidelines, under which microfinance institutions (MFIs) are working together to prevent over-indebtedness in Cambodia. The project is funded by Incofin, PROPARCO, BIO, FMO and ADA.
MicroCapital: How long have you been concerned about possible overheating in the Cambodian microfinance market?
Kea Borann: Concerns of the market overheating started at least as early as 2015. Since then, the total outstanding portfolio of the industry has been growing at an average of 25 percent per year, even as the number of loans has remained unchanged at 2.3 million. This seems to mean that the same clients are taking on more debt when their loans are renewed. The average loan size grew from USD 1,691 to
MICROCAPITAL BRIEF: Shanghai Commercial and Savings Bank (SCSB) Buys 80% of AMK of Cambodia from Agora Microfinance, Incofin’s Rural Impulse Fund II, Norfund’s Cambodia-Laos Development Fund, Proparco
Incofin Investment Management, a Belgium-based impact investor, recently announced that its Rural Impulse Fund (RIF) II is among several entities selling a total of 80.01 percent of the shares of Cambodian microfinance institution Angkor Mikroheranhvatho Kampuchea (AMK) to Taiwan-based Shanghai Commercial and Savings Bank (SCSB). The other sellers are Agora Microfinance NV, a Dutch holding company; the Cambodia-Laos Development Fund of the Norwegian government’s Norfund; and the French government’s Societe de Promotion et de Participation pour La Coopération Economique (Proparco). While the sizes of the former shareholdings have not been released, each of the investors is exiting AMK completely, except for Agora Microfinance NV. AMK Staff Association,
MICROFINANCE PAPER WRAP-UP: UNCDF: “Youth Entrepreneurship and Financial Inclusion: Outlook for ASEAN and SAARC;” by Mayank Jain, Dr Robin Gravesteijn, Zamid Aligishiev, Richard Last
This is a summary of a paper by Mayank Jain, Dr Robin Gravesteijn, Zamid Aligishiev and Richard Last; published by the UN Capital Development Fund; August 2018; 23 pages; available at http://www.uncdf.org/article/3890/.
This working paper identifies factors restricting the level of financial inclusion of youth in South and Southeast Asia, with a focus on Cambodia, Lao PDR and Myanmar. The authors assert that these barriers to financial access hinder
MICROCAPITAL BRIEF: MicroFinanza Rating Issues Financial, Social, Microfinance Investment Vehicle (MIV) Ratings; Client Protection Certifications in Burkina Faso, France, Asia, Latin America
Italy-based MicroFinanza Rating (MFR) recently informed MicroCapital that during June it issued three Social Ratings, 11 Financial Ratings and two Client Protection Certifications to 13 microfinance institutions (MFIs).
MICROCAPITAL BRIEF: 11 Microfinance Institutions in Cambodia Lose Licenses for Noncompliance
The National Bank of Cambodia (NBC), the central bank of the country, recently revoked the licenses of 11 microfinance institutions (MFIs) for failing to maintain compliance with a “diverse” range of rules. The MFIs, which are classified as “rural credit operators,” reportedly comprise a