Prasac Microfinance Institution

  • Region: Asia & Pacific
  • Country: Cambodia
  • Sector: Microfinance
  • Year: 2013
  • Domicile: Cambodia
  • Instrument: Loan
  • Commitment (MNOK) as of 31.12.2016: 43.1
  • Original Commitment (MNOK): 59.6

PRASAC is the largest microfinance institution in Cambodia with a mission to provide sustainable access to financial services for rural communities and micro-enterprises in Cambodia. The company evolved from a project sponsored by the European Union and three ministries of the Cambodian government in 1995. Among its peers, PRASAC has the largest branch network that covers more than 75% of 14,000 villages in the country. PRASAC provides mainly individual loans (97%) to micro, small and medium sized companies. At the end of 2012 PRASAC had almost 2,000 employees and nearly 140,000 clients.

Prasac borrower

Cambodia is one of the poorest countries in South-Asia with low levels of financial access.  The majority of the loans provided by PRASAC are to rural clients with nearly 70% of borrowers being women.  

The shareholders are BIO (Belgian DFI), Dragon Capital (Vietnam), Lanka Orix Leasing Company (Sri Lanka) and FMO (Duch DFI). The PRASAC Staff Company owns 10%.

 

Norfund - The Norwegian Investment Fund for Developing Countries

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