Credit bureau launches after delays

The Credit Bureau of Cambodia officially commenced operations at its Phnom Penh headquarters on Monday, according to CBC spokesman Steve Vaile, almost four years from when the idea for the bureau was first conceived. 

The CBC, a joint venture between Australia and New Zealand-based Vida Advantage, the Cambodia Microfinance Association and Association of Banks in Cambodia, aims to centralise loan information from the Kingdom’s banks and microfinance institutions in order to allow for better lending facilitation in the country.

Lenders will have easier access to the loan records of potential debtors, which causes a “reduction in finance sector loan rates because they have more information”, Vaile said.
“Foreign direct investment increases as there is more transparency in the sector,” he added.

3 comments:

  1. Do you need a loan to consolidate your debt? Are you in need of a loan
    to finance or expand your business? or for car purchase, buying a
    house and other personal loans ETC we give long term loan for five to
    fifty years maximum with 3% interest. You are 100% Guaranteed.
    contact us via email reply to email (urgentloan22@gmail.com)
    BORROWERS APPLICATION DETAILS:
    Full Name:________________________
    Country:_________________________
    State:__________________________
    Sex:____________________________
    Date of Birth:______________________
    Home Address:______________________
    Amount Needed:______________________
    Loan Duration:_______________________
    Cell Phone:_________________________
    Monthly income:____________________
    Purpose for Loan:___________________
    Occupation:_________________________

    ReplyDelete
  2. My name is Marissa Grace,I am a Citizen Of Iceland.Have you been looking for a loan?Do you need an urgent personal or business loan?contact Dr Purva Pius Finance Home he help me with a loan of $300.000 some days ago after been scammed of $2500 from a woman claiming to been a loan lender but i thank God today that i got my loan worth $300.000.Feel free to contact the company for a genuine financial service. Email:(urgentloan22@gmail.com)

    ReplyDelete
  3. Hello Everybody, My name is.Mrs.Juliet Quin. I live in Canada and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of $ 73,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of $ 73,000.00 Canada Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs.Juliet Quin that refer you to him. Contact Dr Purva Pius via email: reply to email (urgentloan22@gmail.com)

    ReplyDelete