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.

Project name PRASAC Microfinance Institution
Region Southern and Eastern Asia
Sector Financial sector / Microfinance / SME
Service Investment Finance
Project country Cambodia
OeEB project volume USD 20 million
Projekt partner(s) FMO, Cordiant, Turkish Demir-Halk Bank, Norfund, OFID, BIO, DEG

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.

Video of our EDFI-partner and co-investor DEG