29 April 2015
The International Finance
Corporation (IFC), a member of World Bank Group, has invested in PRASAC
Microfinance Institution Ltd. to expand lending for micro and smaller businesses
in Cambodia.
IFC has provided a loan of up
to US$10 million to PRASAC to increase lending to micro, small and medium
enterprises in the rural and agricultural sectors. IFC aims to expand lending
to more than 845,000 borrowers, or about 48% of the number of borrowers served
by microfinance lenders in Cambodia at present.
Source:
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