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Regulatory Environment Wednesday, 30-Mar-2011 15:34:53 GMT+7 [ Viewed : 30684 ]  Regulatory Environment
Cambodia and the Microfinance Environment Monday, 28-Mar-2011 10:27:26 GMT+7 [ Viewed : 29728 ] Cambodia and the Microfinance Environment  Regular commercial lending has traditionally been constrained in rural Cambodia by high costs of operations, the inability to verify and enforce property rights, and low levels of economic activity. As a result, the vast majority of the rural population up until recently has had almost no access to formal financial services.
In 1992, after the signing of the country's peace accords which marked the end of decades of bitter conflict, Cambodia emerged from economic isolation. Large-scale international aid and relief operations followed. The first microfinance experiments were credit-oriented, designed to kick-start new business activity. Microcredit was initially provided by NGOs to fill gaps left by the non-existent banking sector. Without a working banking system, organizations such as GRET, World Relief, ACLEDA, and CRS initially ran microcredit projects by physically handling cash transfers themselves. By 1998, Cambodia's microfinance industry was serving 214,000 people. Reaching this scale meant increased risks for clients as well as for microfinance promoters. Consequently, microfinance stakeholders felt that a regulatory framework was needed. The National Bank of Cambodia (NBC) issued a sub-decree to license large deposit-taking institutions and to register the smaller ones. The Cambodian Microfinance Association (CMA) was created in 2004, initially comprising of just six MFIs. Since its inception, the CMA has been widely viewed as useful for sharing microfinance information, representing the microfinance industry, organizing training conferences, and publishing benchmarking reports. It is also seen as a vehicle for sharing information on clients, facilitating collective investments in areas such as MIS development, and being a mechanism for sharing other industry-specific costs. Continued growth in the industry has resulted in 21 MFIs being licensed by the NBC. One commercial bank, ACLEDA, also offers micro-credit products. After ACLEDA, the largest microfinance provider is AMK (in terms of client numbers), reaching more than 250,000 borrowers. Microfinance has emerged as a sizeable industry in Cambodia, with a diversity of players (commercial banks, microfinance institutions, credit unions), substantial growth of outreach, and increased diversity of products and services. The newest entrants in the industry are private companies coming from a business background with no prior NGO experience (such as Maxima, Cambodia Microfinance, and Tong Fa Microfinance). By the third quarter of 2010, the microfinance industry in Cambodia was serving approximately 1,000,000 borrowers and 130,000 depositors (this number excluding those with Acleda Bank). Challenges for the future of Cambodian microfinance include increased competition with associated issues of cost pressures, mission drift, and client over-indebtedness. The need for a central credit bureau has already been identified as a way of minimizing client over-indebtedness caused by simultaneous borrowing from several MFIs. MFI Client Outreach Friday, 8-Jun-2012 14:49:05 GMT+7 [ Viewed : 28848 ] MFI Client Outreach
MFI Portfolio Friday, 8-Jun-2012 15:41:58 GMT+7 [ Viewed : 28889 ] MFI Portfolio
Average MFI Loan Size Friday, 8-Jun-2012 15:22:12 GMT+7 [ Viewed : 28969 ] Average MFI Loan Size
Market Leaders by Provinces
Friday, 8-Jun-2012 15:12:17 GMT+7 [ Viewed : 28897 ] Market Leaders by Provinces
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