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.
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%.