A recent study commissioned by the Cambodia Microfinance Association (CMA) and conducted by M-CRIL made headlines across Cambodian media. The research, titled “An impact assessment of mincrofinance in Cambdoia”, revealed the microfinance sector's powerful role in driving Cambodia's economic engine and propelling the nation towards achieving the Sustainable Development Goals (SDGs).
The report, launched on January 19, 2024, garnered significant media coverage across Cambodia. Outlets ranging from prominent English newspapers like The Phnom Penh Post and Khmer Times to English-language online publications like Kiri Post and US-backed VOA all featured the study.
The report not only raises awareness about the transformative power of microfinance but also validates the CMA's dedicated efforts to strengthen the industry. In addition, this media coverage will attract further support for microfinance initiatives in Cambodia, ultimately benefiting even more individuals, communities and the sector.
The report revealed that two-thirds of the sample reported an improvement in their lives, with 31% experiencing substantial economic benefits and life improvements, while another 36% reported some improvement over the past 5 years. This is a tribute to the economic growth of Cambodia supported, for many low income households, by the availability of microfinance.
The impact assessment study, conducted meticulously with 3200+ microfinance clients from
10 provinces and 450+ villages, highlights the microfinance sector's multifaceted impact on the lives of Cambodians.
For the full research report, please go to CMA website: https://cma-network.org/information-center/cma-publication/, and go to links of some of media coverages below:
- Phnom Penh Post: Microfinance ‘powering’ economic growth, SDGs
- Khmer Times: Microfinance formed over 30% of Cambodia’s 2022 GDP
- VOA Khmer: New study: Microfinance helps improve people's livelihood as a small number of borrowers sell land to pay off debts
- Kiri Post: Microfinance Has Improved A Majority of People’s Life - CMA Study
- Phnom Penh Post (Khmer version): CMA: Cambodia’s microfinance sector is powerful force propelling the nation towards the achievement of Sustainable Development Goals (SDGs)
- Cambodia Investment Review: Microfinance Sector Contributes to Cambodia Achieving Its Sustainable Development Goals, Independent Study Finds
