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Cambodia’s top Microfinance manager plans to become a commercial bank

Microfinance institutions have seen rapid growth over the last few years, and continue to form an important and expanding part of Cambodia’s emerging economy. Prasac, Cambodia’s biggest MFI when measured by outstanding loans, has grown to the point where it now plans to become a licensed commercial bank, which the Post reported last week. Post reporter May Kunmakara sat down with Prasac president and CEO Sim Senacheert to discuss the state of the Kingdom’s MFI industry.

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Microfinance institutions have seen rapid growth over the last few years, and continue to form an important and expanding part of Cambodia’s emerging economy.

Prasac, Cambodia’s biggest MFI when measured by outstanding loans, has grown to the point where it now plans to become a licensed commercial bank, which the Post reported last week.

Post reporter May Kunmakara sat down with Prasac president and CEO Sim Senacheert to discuss the state of the Kingdom’s MFI industry.

 

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