Logo of Phnom Penh Post newspaper Phnom Penh Post - Microfinance instituition gets insured

Microfinance instituition gets insured

Microfinance instituition gets insured

Cambodian Micro-financier Prasac will be indemnified against fraud, robbery and loss after signing a 12-month insurance contract with Infinity Insurance.

CEO Sim Senacheet said Prasac bought the insurace to strenghten the microfinance institution before it transforms into a commercial bank in 2013 or 2014.

To contact the reporter on this story: Rann Reuy at [email protected]


  • Report: Cambodia’s internet freedom slipping

    Althought still ranked “Partly Free”, internet freedom in Cambodia is slipping, says a report by Freedom House, a US-based democracy, political freedom and human rights watchdog. But the deputy secretary of the Ministry of Justice said the report “did not reflect the truth”. The report

  • Hun Sen to ‘step down’ if he loses Sam Rainsy bet over Kem Sokha

    Hun Sen has promised to step down as prime minister while opposition figure Sam Rainsy pledges to turn himself in as forfeits if the long-term political rivals lose a “bet” over the future of former opposition leader Kem Sokha, who is on bail awaiting trial

  • UAE prince seeks to invest in Cambodia

    The UAE has expressed interest in Cambodian oil and gas exploration. Minister of Mines and Energy Suy Sem said this was the result of his discussions with Sheikh Ahmed bin Dalmook bin Juma al-Maktoum, a member of the royal family who visited him on Wednesday.

  • Kem Sokha off the menu as Smith talks judicial independence

    The UN Human Rights Council’s (UNHRC) Special Rapporteur on Human Rights in Cambodia, Rhona Smith, on Tuesday, focused on “judicial independence” at a meeting with Ministry of Justice officials. Both Smith and ministry spokesman Chin Malin said the former opposition Cambodia National Rescue Party (