All News and Announcements

Showing 1 - 10 of 15
News

Cambodia: Financial Institutions Restructure $5.5 Billion in Loans

Loan restructuring applications peaked in April-May with the second wave of COVID-19, reaching about 20,000 applications per week, and are now down to about 2,000 per week.

News

Digital Payments the ‘New Normal’ During Lockdowns

Last week, the Microfinance Association of Cambodia and the National Bank of Cambodia discouraged the use of physical currency to help curb the spread of the pandemic.

News

Cambodia Launches $200M Guarantee Scheme to Support Businesses During Pandemic

The scheme is designed to support businesses including micro, small and medium enterprises, and large firms to enhance their access to formal loans.

News

Cambodia's Finance Sector Lends Hand to Nation's Needy

Since the beginning of 2020, Cambodia's BFIs have raised more than $500,000 in donations for health, sanitary and food supplies to support vulnerable communities.

News

Cambodia: Requests for Loan Restructuring Fall

More than 260,000 applicants received approval to restructure their loans from microfinance institutions as of October.

News

Cambodians Are Bingeing on Microfinance Loans

The downturn brought on by COVID-19 will test the industry.

News

SME Bank and ARDB Disburse $63M in Loans

Ministry of Economy and Finance undersecretary of state Ros Seilava told a news conference that the economic crisis instigated by COVID-19 had been the primary trigger for the emergency SME lending endeavours.

News

Cambodia: Micro-Loan Borrowers Face COVID-19 Crisis

Debt relief measures by micro-loan providers in Cambodia are failing to alleviate the serious financial burdens on indebted families affected by the COVID-19 pandemic.

News

Garment Workers Pressed by Piling Microfinance Debt, Report Says

Tens of thousands of garment workers, who are facing slashed work hours and wages amid the global pandemic and economic downturn, will struggle to repay mounting microfinance debt, a new civil society report says.

News

Cambodians Forced to Sell Assets to Repay Loans as Coronavirus Hammers Economy

Many Cambodians are being forced to sell their livestock and farms to pay off debts to banks and microfinance institutions, prompting calls for the government to prevent lenders from collecting during the outbreak.