Cambodia’s Micro-Lenders See 44% Lending Growth In 2013

Posted by: : Paul EbelingPosted on: February 10, 2014 Cambodia's Micro-Lenders See 44% Lending Growth In 2013

Cambodia’s Micro-Lenders See 44% Lending Growth In 2013

Cambodia’s 38 microfinance institutions reported a 44% increase in loan disbursements in Y 2013, according to a report of the National Bank of Cambodia ( NBC), the regulator of banking and finance institutions in the country.

The microfinance institutions had lent a total US$ 1.17-B to customers last year, + 44% from US$ 813-M in Y 2012, said the NBC’s annual report posted on its website Sunday.

The report said nonperforming loan rate, or bad loan, was only 0.7% last year.

On the deposit side, the customers’ deposits at the microfinance institutions had increased by 61% to US$ 364-M last year from US$226-M in 2012.

NBC’s Governor Chea Chanto said the current assets at the microfinance institutions represented about 10% of the current assets in the whole banking sector.

“Microfinance institutions have continued developing rapidly,” he said in the report. “Currently, the micro-lenders have been serving about 2.4-M customers.”

Cambodia sees microfinance institutions as a Key player in helping the government reduce poverty in rural areas and the sector has been well developed in recent years.

Generally, the maximum size of a loan micro-lenders offer is US$ 10, 000.

Stay tuned…

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Paul Ebeling

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Paul Ebeling

Pattern Recognition Analyst, equities, commodities, forex
Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.
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