• Search
• Browse
• Create New Listing

Our Adverts**

PRASAC MFI, LTD.

PRASAC MFI Head Office

Location

View Larger Map

PRASAC MICROFINANCE INSTITUTION

PRASAC is a licensed micro-finance institution is registered with the Ministry of Commerce as a private limited liability company. Its activities began as an offshoot of the PRASAC Credit Association (PCA), which was managed and funded by the European Union (EU). PCA was initially established in 1995 as a support program for the agricultural sector in Cambodia. In 2007 PRASAC finalized its transformation from being a NGO operated company to being a commercial based entity.

• 

  Award

  PRASAC MFI is reverting from a poor microfinance operator in terms of poor management, poor loan portfolio quality, and weaknesses in many other operational aspects, “PRASAC is become a respected, leading and professionally managed MFI by following all best practices and high professional and moral standards at all operational levels and governance”.

• 

  Licensed

  PRASAC obtained its first license from the National Bank of Cambodia to conduct business as a license micro-finance institution in the Kingdom of Cambodia. The first license expired on 1 December 2007. PRASAC obtained a renewal of the license for an indefinite period from the Central Bank on 14 December 2007.

• 

  Public Perception

  PRASAC confirmed its positioning as a biggest MFI and best MFI service providers for convenience of transactions and close customer interface.

  In 2007 PRASAC had 722 staff deploying in more than 76 office networks in 14 provinces and cities working in 100 districts, 941 communes to serve about 94,555 active clients with loan portfolio about 134 Billion Riel (USD33.5 million).