Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - MFIs encouraged to take deposits

MFIs encouraged to take deposits

National Bank of Cambodia Deputy Director General Kim Vanda called on microfinance institutions (MFIs) to take advantage of government rules allowing them to take deposits from customers at a two-day workshop that ended Friday aimed at strengthening the domestic micro-credit sector. He said deposits would reduce reliance on foreign lenders, which he said drives up interest rates. Just two of the 20 domestic MFIs are licensed to take deposits, he said. Sector representatives also vowed to push ahead with a credit bureau to track loans and prevent borrowers from taking out multiple loans from different lenders.



Please, login or register to post a comment

Latest Video

Turkish Embassy calls for closure of Zaman schools

With an attempted coup against the government of President Recep Erdogan quashed only days ago and more than 7,000 alleged conspirators now under arrest, the Turkish ambassador to Cambodia yesterday pressed the govern

CNRP lawmakers beaten

Two opposition lawmakers, Nhay Chamroeun and Kong Sakphea were beaten unconscious during protests in Phnom Penh, as over a thousand protesters descended upon the National Assembly.

Student authors discuss "The Cambodian Economy"

Student authors discuss "The Cambodian Economy"

Students at Phnom Penh's Liger Learning Center have written and published a new book, "The Cambodian Economy".