Microfinance up on agriculture advance

The Kingdom’s growing agricultural sector is leading to more loans and deposits at microfinance institutions.

The small-scale lenders also credit the boost in Cambodia’s agro-industry for declining non-performing loans rates.

“We see that political stability and our economy are offering a strong climate for opening businesses or enlarging the businesses, leading to more demand for loans,” said Sathapana Microfinance Chief Executive Officer Bun Mony. “We don’t have any major challenges, as our performance has improved after being hard hit by the crisis.”

The MFI’s lending totalled $51 million to 4,900 borrowers at the end of June, whiles its NPL rate declined to 0.7 percent from 0.9 percent at the end of December 2010. Read more of this post

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Cambodia’s fish exports decline 33% in first 6 months

Cambodia recorded 33 % decline in fish exports in the first half of this year, compared with the same period a year ago, showed the figure from the Fisheries Administration on Tuesday. 

From January to June this year, the country has exported 16,000 tons of fresh and processed fish with an estimated revenues of 45 million U.S. dollars, 33% decrease from 24,000 tons with the total cost of 67 million U.S. dollars at the same period last year.  Read more of this post

Cambodia begins to attract money

Cambodia, once regarded as a spill-over investment from Vietnam, is showing signs of standing on its own feet as frontier funds start to produce strong returns.

Frontier investors such as Leopard Capital – a private equity fund which launched a potential $100m Cambodia-focused fund in 2008 only to close with $34m – is now finding renewed interest in the country, holding the door open as other regional funds begin to sense an opportunity.

Vietnam’s largest asset manager, Vinacapital Investment Management, in January announced it would be expanding into Cambodia with a pledge to invest $100m, launching a dedicated fund targeting real estate, infrastructure, hospitality and agriculture investments. Read more of this post

Update : New document on Agro Cambodia

Dear readers,

AgroCambodia informs you that new documents have been uploaded to the “Newsletter/Documents” and “Cambodia Background” pages:

Thank you for following Agro Cambodia website

Risks, Rewards as Economic Corridor develops

Cambodia is building up its rural infrastructure in an effort to link itself to its neighbors, under an “economic corridor” project aided by the Asian Development Bank.

Proponents of the southern economic corridor, part of the Greater Mekong Subregion project, say it will bring benefits to villagers like those in Kampong Thom district’s Sambo Prey Kuk temple, in Prasat Sambo district. Read more of this post

Update : New document on Agro Cambodia

Dear readers,

AgroCambodia informs you that new documents have been uploaded to the “Newsletter/Documents” page:

FAO-Agriculture Outlook 2011-2020

Thank you for following Agro Cambodia website

Update: New documents on Agro Cambodia

Dear readers,

AgroCambodia informs you that new documents have been uploaded to the “Newsletter/Documents” page:

Thank you for following AgroCambodia website

Microfinance grows on agriculture loans

The microfinance sector saw increased demand for loans particularly from small and medium enterprises and the agricultural sector during the first quarter of the year, according to industry insiders. Read more of this post

Fish farming development in Koh Kong province

CAMBODIA is increasingly turning to fish farming in order to meet domestic demand. The business can be lucrative, but faces hurdles such as requiring substantial investment and know-how, according to Cheng Chhun, owner of the Cheng Chhun Seafish Farm.  Read more of this post