All News and Announcements
IFC, Rwanda Capital Markets Authority and Central Bank Join Forces to Boost Access to Long-Term Finance for Small Businesses
The four-year partnership will help expand access to long-term local currency finance in Rwanda for key sectors such as housing, agribusiness, and smaller businesses.
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.
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.
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.
Cambodia: Requests for Loan Restructuring Fall
More than 260,000 applicants received approval to restructure their loans from microfinance institutions as of October.
Cambodians Are Bingeing on Microfinance Loans
The downturn brought on by COVID-19 will test the industry.
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.
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.
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.