How many microfinance institutions are there in Cambodia?

From small beginnings, by 2016, Cambodia had over 60 microfinance institutions or MFIs. According to 2019 industry figures, micro-credit providers loaned money to around 2.6 million people across Cambodia, with an aggregate value of about $10 billion and an average loan size of $3,804.

How many microfinance are there in Cambodia?

In Cambodia, the microfinance industry acts as a banking system for many people, with around 160,000 branches across Cambodia in 2016.

How many financial institutions are there in Cambodia?

Currently there are 24 commercial banks, 6 Specialized Banks, 18 Micro-Finance Institutions and 60 Micro-Finance NGOs in Cambodia, together with some foreign banks’ branches.

How many microfinance institutions are there?

2.2 Microfinance in Ethiopia

Currently, there are 29 licensed MFIs reaching about 2.2 million active borrowers with an outstanding loan portfolio of approximately 4.6 billion birr.

How many microfinance institutions are there in the Philippines?

Financial institutions and their outreach to the poor

On the whole, there is an estimated number of about 2,800 MFis in the Philippines with a total outreach of about 650,000 customers (table 1.2).

What microfinance means?

Microfinance is the provision of financial services to low-income clients, including consumers and the self-employed, who traditionally lack access to banking and related services.

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How many types of major financial institutions are there in Cambodia?

There are three types of banks in Cambodia – Specialized, Commercial and Micro Finance Institutions (MFIs).

What are the types of microfinance?

The different types of institutions offering microfinance in India are: Commercial banks. Credit unions.

Role of Microfinance Institutions (MFIs)

  • Formal institutions, i.e., cooperatives and rural banks.
  • Semiformal institutions, i.e., non-government organisations.
  • Informal sources, such as shopkeepers and small-scale lenders.

What are the disadvantages of microfinance?

In the article ahead, we discuss the challenges faced by the Indian microfinance industry.

  • Over-Indebtedness. …
  • Higher Interest Rates in Comparison to Mainstream Banks. …
  • Widespread Dependence on Indian Banking System. …
  • Inadequate Investment Validation. …
  • Lack of Enough Awareness of Financial Services in the Economy.
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