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%

http://www.shanghaidaily.com/article/artic
le_xinhua.aspx?id=199165