The free program will help almost 50 million "credit invisibles,"” or people with limited or no credit history, to start building credit.

Georgia Tech Financial Services Innovation Lab to leverage differentiated data assets 'only Equifax' can provide to drive new studies on access to credit and fintech entrepreneurship.

The world’s biggest financial newspaper selected Bakong “for its innovative technology and impact on the country’s economic and social development.

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.

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.

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

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.

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

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.