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PRASAC not only reaffirmed its status as a leader among MFIs in Cambodia with the largest branch networks, profitability, and loan portfolio, but also proved to be a leading sustainable financial institution.

PRASAC MFI is reverting from a poor microfinance operator in terms of poor management, poor loan portfolio quality, and weaknesses in many other operational aspects, PRASAC is become a respected, leading & professionally managed MFI by following all best practices, high professional & moral standards at all operational levels & governance.

PRASAC obtained its first license from the National Bank of Cambodia to conduct business as a license micro-finance institution in the Kingdom of Cambodia. The first license expired on 1 December 2007. PRASAC obtained a renewal of the license for an indefinite period from the Central Bank on 14 December 2007.

PRASAC confirmed its positioning as a biggest MFI and best MFI service providers for convenience of transactions and close customer interface.

In 2007 PRASAC had 722 staff deploying in more than 76 office networks in 14 provinces and cities working in 100 districts, 941 communes to serve about 94,555 active clients with loan portfolio about 134 Billion Riel (USD33.5 million).

Microfinance Institution, General Accountants