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  Leading micro finance institution PRASAC receives loan 

In 2013, OeEB granted a long-term credit-line of USD 10 million to PRASAC Microfinance Institution as part of a USD 60.5 million loan arranged by the Dutch Development Bank FMO. In 2016, OeEB signed a second credit line of USD 10 million.


The credit-lines facilitate financing for micro, small and medium-sized enterprises (MSMEs) in Cambodia. It is estimated that the share of MSMEs makes up to 99% of the total amount of the private-sector. MSMEs are crucial for the situation on the labour market of the country, rated as "least developed" by the OECD.

 

The credit-lines enable local enterprises to access financing and to undertake investments in one of the poorest countries of the world.



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Oesterreichische Entwicklungsbank AG

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