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

  • US imposes sanctions on Oknha Pheap and Kun Kim

    The Ministry of Foreign Affairs and International Cooperation expressed strong dismay on Monday over the designation of Cambodian tycoon Oknha Try Pheap and General Kun Kim under the US’ Global Magnitsky Act. “It is very disturbing when the public figures of a country become the

  • Mother, daughter killed in hotel fire

    The bodies of a mother and daughter were found locked in an embrace after they were killed in a hotel fire in Phnom Penh at around 3:30am on Wednesday at the Phkar Chhouk Tep 2 Hotel and Restaurant in Phsar Doeum Kor commune, in the capital’

  • EBA withdrawal a destruction of EU achievements, PM says

    Prime Minister Hun Sen said the EU’s possible suspension of its Everything But Arms (EBA) agreement amounted to a destruction of its achievements in the Kingdom and the demise of the opposition group. Hun Sen made the remarks while addressing more than 6,700 students during

  • Rights Day forum denied in Sihanoukville

    The Preah Sihanouk provincial administration last Saturday denied the request of land communities for a public location in the province to celebrate International Human Rights Day 2019 as the administration had already held forums to discuss land issues. However, the land community representatives said they would

  • Kingdom calls on Japan to increase number of direct flights to Siem Reap, Phnom Penh

    Cambodia is requesting Japan to increase the number of direct flights from Japanese cities and provinces to Phnom Penh and Siem Reap, so as to contribute to increasing cooperation and tourist numbers between the two countries. During the opening ceremony of 3rd Japan Travel Fair

  • Court orders Sokha to stand trial on January 15 for treason

    The Phnom Penh Municipal Court has set January 15 as the trial date for Kem Sokha, the former president of the Supreme Court-dissolved Cambodia National Rescue Party (CNRP) who is under court-supervised bail on a treason charge. In a press release issued on Monday, the municipal