PHNOM PENH, Aug. 9 (Xinhua) -- Cambodia’s Micro-Finance Institutions (MFIs) reported 19 percent growth of loan disbursements in the first half of this year, showed the report from Cambodian Microfinance Association on Tuesday.
By June this year, the kingdom’s 27 micro-lenders had lent 505 million U.S. dollars to customers, 19 percent increase from 425 million U.S. dollars by the end of last year, it said.
The number of borrowers has declined by 15 percent to 1.03 million by June from 1.21 million at the end of 2010 due to loan sizes in the first half of this year were bigger than those last year.
Generally, the maximum size of a loan that the micro-lender lends to a customer is 10,000 U.S. dollars.
The report also recorded that the non-performing loans, or bad loans, defined as loan repayments that are at least 30 days overdue, fell to 0.74 percent or 3.8 million U.S. dollars by June this year, down from 1.29 percent or 8.3 million U.S. dollars by the end of 2010.
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