Banks and Microfinance Institutions to Remain Fully Operational During COVID-19 Crisis
The Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) have announced that all services will continue to be offered throughout the current COVID-19 pandemic, according to a joint statement by the ABC and CMA released last week.
Coronavirus Pandemic Deepens Cambodia's Microfinance 'Crisis'
The couple, in their 50s, run a roadside restaurant in Kampong Speu, a province west of Phnom Penh that has the highest number of microcredit loans in Cambodia.
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.
Cambodia: NBC’s Bakong Wins Nikkei Award for Financial Inclusion
The world’s biggest financial newspaper selected Bakong “for its innovative technology and impact on the country’s economic and social development.
Women Entrepreneurs With Microfinance Loans Face Lots of Challenges, With or Without a Pandemic
Microfinance-supported entrepreneurs have exhibited the same resourcefulness that has characterized many other small businesses during the pandemic. At the same time, they face a variety of ongoing challenges.
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.
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.
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.
Cambodians Are Bingeing on Microfinance Loans
The downturn brought on by COVID-19 will test the industry.