The Global Commercial Microfinance Consortium made the first installment of its USD 3 mn loan to the Capital Aid Fund for Employment of the Poor (CEP) of Cambodia, totaling to USD 600,000. CEP is a nonprofit organization based in Vietnam whose mission is “to assist the poor in developing their business and meeting their basic needs, reducing unemployment in the province, and supporting a spirit of mutual assistance in work and the social environment.” It reported to MIX market, the microfinance information clearinghouse, on 31 December 2006 as having a gross loan portfolio of USD 9.9 mn and USD 12.2 mn in total assets. Its capital/asset ratio is 51.79% and its debt/equity ratio is 93.09%.
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