Monday
January 11
2021

The Cambodia Microfinance Association Says Member Institutions Have Restructured $1.38 Billion of Loans

By Sok Chan

The Cambodia Microfinance Association (CMA) has announced that as of January 3, 2021, CMA members have provided loan restructuring worth $1.382 billion.  The total number of restructuring requests stood at 303,593 with 285,234 having been granted.

The CMA also stated that requests for loan restructuring over the last four months has remained steady at over a thousand applications per week.

The association membership includes four banks, six micro-finance deposit taking institutions (MDI’s)’s, 69 micro-finance institutions (MFI’s), 11 financial leasing institutions and 19 rural credit operators.  The four bank members are Hattha Bank, Phillip Bank, SBI LY HOUR Bank Plc. and AEON Specialized Bank Cambodia.

Photo courtesy of shankar s.

Source: Khmer Times (link opens in a new window)

Categories
Finance
Tags
debt, economic development, emerging markets, financial inclusion, microfinance, microloans, sustainability