Cambodia pays its unfailing attention to Microfinance sector due to its important roles complementary to formal banking sector, and successes in extending financial products and services to the rural population throughout the country. As of December 2008, about 900,000 people had access to microfinance loans from 18 licensed microfinance institutions.

Showing supports and commitment to the development of Microfinance, the first Microfinance summit was held in January 2006 to celebrate Microfinance Year under the presidency of Prime Minister Hun Sen. The second Microfinance conference was organized jointly by National Bank of Cambodia, International Finance Corporation and United Nation for Development Program in November 2007 with an objective to explore ways to sustain growth and development of Microfinance sector.

While impact of global economic crisis is glooming, the ability of the borrowers to repay their loans becomes increasingly challenging and worrying. This has been reflected by increasing PAR ratio. Loan duplication starts to be uncovered and the NPL has become an increasingly nerve-racking matter.

 

 

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