Khmer Capital Microfinance becomes latest MFI

Khmer Capital Microfinance Plc became the most recent microfinance institution (MFI) in Cambodia’s crowded market, when it celebrated its official opening yesterday after obtaining a license from the National Bank of Cambodia (NBC) in July. Kim Heang, president of the Cambodian Valuers and Estate Agents Association (CVEA) and co-founder of Khmer Capital, said his new MFI will provide a range of credit options to Cambodians, including loans for small- and medium-size enterprises (SMEs) as well as personal consumer loans from the purchase of vehicles, smart phones and home improvements. According to data released by the NBC, at the end of June this year, Cambodia had 66 MFIs and seven microfinance deposit-taking institutions. (Source: Phnom Penh Post)