Financial services for informal sector entrepreneurs
Cambodia, 2013
Social Issue
In Cambodia, the microfinance sector originates from the development programmes of various NGOs. These were established in the 1990s, at the end of the civil war, to boost the country’s economy.
Our Response
Thaneakea Phum (Cambodia), Ltd. (TPC) is a microfinance institution with a social objective and a business orientation focused on giving economic opportunities to poor farmers to improve their quality of life and that of their communities through effective and sustainable financial services. Initially, in 1994, it was launched as part of the Catholic Relief Services (CRS) Small Business Development Program. Little by little, TPC grew with the support of other organisations such as USAID and the McKnight Foundation, currently having more than 148,000 clients and a credit portfolio of more than 50 million dollars.
Expected Social Impact
With this investment of the Netri Foundation, it is estimated that TPC will be able to provide 2,450 microloans to empower rural communities in Cambodia.