USD 60.5 million syndicated loan for PRASAC, Cambodia

| Print |
10.07.2013
PRASAC, the leading microfinance institution in Cambodia, entered the syndicated loan market with a USD 60.5 million facility to expand the market with new services. BIO is one of the lenders (USD 7.5 million) of this syndicated loan organized by the Dutch Entrepreneurial Development Bank (FMO). The transaction is the largest syndicated loan ever made in the microfinance sector worldwide.

 

PRASAC is the largest microfinance institution in Cambodia with a mission to provide sustainable access to financial services for rural communities and micro-enterprises in Cambodia.

The company evolved from a project sponsored by the European Union and three ministries of the Cambodian government in 1995.

Among its peers, PRASAC has the largest branch network that covers more than 75% of 14,000 villages in the country.

PRASAC provides mainly individual loans (97%) to micro, small and medium sized companies.

As of May 2013 PRASAC had almost 2,500 employees with 156,000 borrowers.

More information on PRASAC.

Back