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» First 43 microfinance institutions in Japan opened branches (Cambodiasky News)

It celebrated its 43 branches opening ceremony of microfinance institutions OROFinancecorp Japan recently.MFIs in Cambodia Seng Enterprises Ltd. And Japan Asia Investment Co., Ltd., a creed joint venture. Last December he received a business license from the National Bank, with a total investment of $ 4,000,000.
   

Chief Executive microfinance institutions Chet Kimchin said the Cambodian market potential is huge enough to attract Japanese investors to invest, but only about 3.7 percent of the country accepted banking, Vietnam is as high as 60%, compared with other countries, we have a surplus of developments in the banking market.He explained, GOLD primarily to provide 20 percent of the emergency loans, commercial loans 25%, 20% tractor loans, agricultural loans and auto loans 17% 15% 3% and motorcycle loans. Moreover, GOLD also plans to increase its investment each year to 20 million in the next five years will reach $ 100 million, then to commercial banks. (Kobayashi) cambodiasky.com
 

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