According to data cited by Cambodian newspaper, the Phnom Penh Post, for 28 of the 30 members of the Cambodian Microfinance Association (CMA), outstanding microloans rose 41.5 percent from 2010 to 2011, from USD 648 million to USD 916 million. The number of borrowers rose from 1.22 million to 1.3 million borrowers. The number of non-performing loans decreased from 1.3 percent to 0.4 percent. The share of agricultural loans grew to account for over 50 percent of microfinance loans. During the same period, deposits increased 32 percent from USD 952 million to USD 1.26 billion, and the number of depositors rose by 36,776 to 1.1 million [1].
By Natalie Baer, Research Associate
About the Cambodian Microfinance Association (CMA): The Cambodian Microfinance Association (CMA) is an NGO that was formally established in 2004 by seven microfinance institutions (MFIs). As of December 31, 2011, CMA has 30 active members. Its main function is to strengthen communication among MFIs and other groups such as government authorities, donors, creditors and investors.
Sources and Additional Resources:
[1] MFIs still seeing significant growth http://www.phnompenhpost.com/index.php/2012020254280/Business/mfis-still-seeing-significant-growth.html
MicroCapital.org story, February 2, 2012, “MICROCAPITAL BRIEF: Credit Bureau Cambodia Launched to Facilitate Information Sharing Among Banks, Microfinance Institutions,”
https://www.microcapital.org/microcapital-brief-credit-bureau-cambodia-launched-to-facilitate-information-sharing-among-banks-microfinance-institutions/
MicroCapital.org story, February 1, 2012, “MICROCAPITAL BRIEF: United States Agency for International Development (USAID) Provides $2.71m Loan Guarantee to Cambodian Microfinance Institution Thaneakea Phum to Support Agriculture,”
https://www.microcapital.org/microcapital-brief-united-states-agency-for-international-development-usaid-provides-2-71m-loan-guarantee-to-cambodian-microfinance-institution-thaneakea-phum-to-support-agriculture/
MicroCapital Universe Profile: Cambodian Microfinance Association (CMA),
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Cambodian+Microfinance+Association+%28CMA%29
Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/
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