Logo of Phnom Penh Post newspaper Phnom Penh Post - Growth steady for Kindgom’s MFI loans

Growth steady for Kindgom’s MFI loans

Growth steady for Kindgom’s MFI loans

The loan portfolio and deposit amount in Cambodia’s microfinance sector has seen noticeable growth this year, while the number of borrowers has stayed constant and bad loan ratio has been declining slightly, according to data from the Cambodia Microfinance Association (CMA).

CMA’s data showed that the total amount for outstanding loans of the association’s members was $4.62 billion at the end of March. That total is up from $3.32 billion at the same time last year. Deposits in the industry were at $2.2 billion up from $1.62 billion in March of 2017.

Despite noticeable growth of outstanding loans in the industry, the number of borrowers remains almost the same. According to CMA’s data, the number of borrowers from MFIs that are CMA members reached a total of 1.85 million clients by the end of March this year, which is the same number as at the end of March 2017. Depositors in the industry reached 2 million clients in March.

Importantly, CMA data showed that portfolio at risk (PAR), the indicator for non-performing loans, was slightly down this year – from 1.67 percent at the end of March 2017 to 1.37 percent at the end of March this year.

MOST VIEWED

  • Would you like fries with that? US burger chain makes Phnom Penh debut

    California-based The Habit Burger Grill restaurant chain is all set to serve up a delicious array of charbroiled burgers and sides at its newest international location in the centre of Phnom Penh. The Habit is “renowned for its award-winning Charburgers grilled over an open flame,

  • Phnom Penh underpass opens to ease traffic

    Prime Minister Hun Sen has announced a temporary opening of the 488m underpass at the Chaom Chao roundabout in Phnom Penh’s Por Sen Chey district, which was recently completed to connect traffic from National Road 4 to Russian Federation Blvd. The move is to reduce

  • Banteay Meanchey flood victims receive aid

    Prime Minister Hun Sen on Wednesday provided aid to more than 10,000 families affected by flooding in Banteay Meanchey province’s Mongkol Borei district and offered his condolences to the 18 victims who drowned in the province over the past week. He said flooding had occured in

  • PM urges caution as Polish man tests positive for Covid

    The Ministry of Health on Wednesday reported that a 47-year-old Polish man tested positive for Covid-19 after arriving in Cambodia on Monday. There are a total of six Covid-19 patients currently in the country, all of whom are being treated at the Khmer-Soviet Friendship Hospital

  • Show evidence of Chinese military base, critics told

    Prime Minister Hun Sen on Monday said he had had enough of certain countries and opposition groups claiming Cambodia had allowed China to base its military in Cambodia and dared critics to show clear evidence. Hun Sen made the remarks while presiding over a groudbreaking

  • Serving coffee with a side of robots

    The eye-catching glass building surrounded by greenery at the intersection of Streets 371 and 2002 in Phnom Penh’s Sen Sok district is more than just another coffee shop where you can while away a few hours. UrHobby House cafe is filled with robots and characters from