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

  • PM slams HRW ‘double standards’

    Prime Minister Hun Sen has chided Human Rights Watch (HRW) Asia director Brad Adams for keeping quiet over protest crackdowns in the US following the death of George Floyd in Minneapolis on May 25. Addressing reporters while inspecting infrastructure development in Preah Sihanouk province on Monday,

  • Bank robber of $6M asks to be released

    An accused bank robber who admitted to stealing $6 million has asked the Supreme Court to release him temporarily because he had returned the money. In a court hearing on Tuesday Chan Simuntha, 39, told the judge that on January 18, his wife Teang Vathanaknearyroth told him that

  • WHO: Antibiotics cause more deaths

    Increased antibiotics use in combating the Covid-19 pandemic will strengthen bacterial resistance and ultimately lead to more deaths during the crisis and beyond, the World Health Organisation (WHO) said on Monday. WHO director-general Tedros Adhanom Ghebreyesus said a “worrying number” of bacterial infections were becoming

  • Children in poverty said to rise by 86M

    The UN Children’s Fund (UNICEF) and Save the Children warned that if urgent measures are not taken, the number of children living in poverty across low- and middle-income countries could increase by 86 million, a 15 per cent jump, by the end of the year. In

  • Four more Cambodian peacekeepers get Covid-19 in Mali

    Four more Cambodian Blue Helmet peacekeepers in Mali have been diagnosed with the novel coronavirus, bringing the number of infected Cambodian UN peacekeepers to 10. National Centre for Peacekeeping Forces and Explosive Remnants of War deputy director-general and spokeswoman Kosal Malinda told The Post on Tuesday

  • Huge tracks of undocumented land a concern for registration officials

    Siem Reap provincial deputy governor Ly Samrith expressed concern that land registration plans for residents scheduled to be completed by late 2021 could not be achieved because 80 per cent of the land had not been registered. Land dispute issues are a major factor that poses a