80 Microfinances Operating Across Cambodia

AKP Phnom Penh, December 26, 2018 —

Cambodia has currently a total of 80 microfinance institutions operating throughout the country, according to local media report.

The source cited Mr. Rath Sovannorak, Director General of National Banking Supervision sharing so when presiding over the opening ceremony of a new building of a leading microfinance institution LOLC (Cambodia) here in Phnom Penh on Monday.

All the microfinance institutions, Mr. Rath Sovannorak continued, process credit balance of about 20.62 trillion Riel for over 1.8 million people, and deposit of 10.32 trillion Riel from about 2.1 million clients.

He also spoke highly of LOLC expansion underlining that it was possible because of trusted Cambodia’s development.

By Lim Nary