Aug 11, 2011


Microfinance Up on Agriculture Advance

  • Aug 11, 2011
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  • The growth of agriculture is boosting the rise of loans and deposits at microfinance institutions. The decrease of non-performing loans led to financial sustainability of the institutions. Total lending and deposits increased while the non-performing loans (NPL) decreased.

    Sathapana MFI’s total lending of US$51 million to 4,900 borrowers and the NPL rate decreased to 0.7% from 0.9% at the end of 2010, the firm’s deposit increased by 10% to US$10 million by the end of June. Hattha Kaksekar’s loans and deposits increased by 35% to US$56 million and 60% to US$9 million over the first six months of 2011 respectively.

    In addition, Prasac MFI has seen the increase in loan portfolio by 63% to US$122 million while the NPL dropped to 0.8% from 1.44%. Microfinance largely contributed to macroeconomic stability by increasing rural income via lending, said Cambodian Economic Association President Chan Sophal.

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