Logo of Phnom Penh Post newspaper Phnom Penh Post - Siem Reap: MFI pushes accounts at office launch

Siem Reap: MFI pushes accounts at office launch

Siem Reap: MFI pushes accounts at office launch

Siem Reap
MICROFINANCE institution Hattha Kaksekar launched a new Siem Reap office yesterday, taking advantage of National Bank of Cambodia permission to allow deposits.

The MFI’s General Manager Hout Ieng Tong said it had a total of eight offices with 101 employees in Siem Reap province.
He said that it lends US$5.5 million to 6,200 customers in the province.

Siem Reap Governor Sou Phirin at the office launch yesterday urged Cambodians to use savings accounts, highlighting their relative safety and contribution to economic growth.

“If more people used bank accounts, they avoid stealing or gambling,” he said. RANN REUY


  • US to ramp up sanctions after ‘flawed’ national polls

    At a press conference on Wednesday, the US State Department announced that it would expand visa sanctions on the Cambodian officials and individuals it deems responsible for “undermining democracy” in Cambodia. At the briefing, spokesperson Heather Nauert reiterated that the department regarded the July 29 elections

  • PM's Bodyguard commander hits back at US

    The commander of Prime Minister Hun Sen’s Bodyguard Unit (BGU) Hing Bun Heang on Sunday dismissed a short video clip that went viral on social media in which he says he is preparing for a war with the United States over its aggressiveness towards

  • Final poll results confirm first single-party Assembly

    IN an unprecedented situation in Cambodian politics, the official results of the July 29 national elections have declared that the Cambodian People’s Party (CPP) will take all 125 seats in the National Assembly on the back of it receiving 76 per cent of the votes. The National

  • Chinese influence to sweep Kingdom?

    Growing Cambodia-China ties have seen the latter’s influence sweep across the Kingdom through increased investments and tourism. The Asian giant has become the leading source of foreign funds in Cambodia, fuelling the construction sector with huge casino and hotel projects. Much of the growth