10 February 2014

You Know Cambodia's Economy is Quickly Developing When... (6) Micro-Loans Surge

Micro-loans mean a surge in small business
You know Cambodia's economy is quickly developing when there is a surge in micro-loans.

'Cambodia's 38 microfinance institutions reported a 44 percent increase in loan disbursements in 2013, according to a report of the National Bank of Cambodia ( NBC), the regulator of banking and finance institutions in the country.'

Apparently the default loan on such loans (loans of less than $10,000) in 2013 was a miniscule 0.7%


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