Microfinance helping rural economy

The “Programme to Rehabilitate and Support the Farming Sector in Cambodia” (Prasac) began in 1995 in the form of a programme covering the six provinces around Phnom Penh. Initial financing came from the European Union. From 2001 onwards, the programme changed gradually into an independent microfinance institution (MFI). Together with four other investors, BIO has taken part in institutionalizing and privatizing Prasac MFI.

Today Prasac is in the top 4 of MFIs in Cambodia. The institution mainly lends to individuals and a great portion of its clients are women (72%). It plays a leading role in expanding access to financial services, by servicing the lower income population, promoting entrepreneurship and allowing poor clients to enter the economic activity. Prasac has proven its resilience and sustainability over the years despite the financial crisis.

Since inception, Prasac has been leading the way to responsible finance. It is one of the first MFI incorporating environmental aspects in the analysis of each client, prior to disburse a loan. It has as well included the client protection principles into its procedures and processes, emphasizing the transparency of its services, the high ethical behaviour and professionalism of its staff and the care of preventing overindebtedness.


  • Investment amount (€):

    EUR 5,684,400

  • Contract signature :


  • Nature of intervention :


  • Development impacts :

    • 1 — Expanding access to financial services especially for the lower income population
    • 2 — Job creation

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