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In Brief: Microfinance sector to meet

In Brief: Microfinance sector to meet

About 450 representatives of microfinance institutions, banks, micro-credit providers and government regulators are to take part in a two-day seminar titled "Cambodia Microfinance Amid the Global Financial Crisis" beginning today. Industry experts are scheduled to discuss topics including risk and nonperforming loan management, financial inclusion and consumer protection. Cambodian Microfinance Association figures show outstanding loans dropped 2.7 percent quarter on quarter to US$426.1 million in the second quarter, while nonperforming loans increased from 1.75 to 3.39 percent.

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