PRASAC MICROFINANCE INSTITUTION

PRASAC Head_Office PRASAC is a licensed micro-finance institution operating in Cambodia and is registered with the Ministry of Commerce as a private limited liability company. Its activities began as an offshoot of the PRASAC Credit Association (PCA), which was managed and funded by the European Union (EU). PCA was initially established in 1995 as a support program for the agricultural sector in Cambodia, covering 6 provinces around Phnom Penh.

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 MFI is engaged primarily in providing sustainable access to financial services for rural communities and micro-enterprises in Cambodia, through its headquarters in Phnom Penh and various provincial and district offices in the Kingdom of Cambodia.

In 2007 PRASAC finalized its transformation from being an NGO operated company to being a commercial based entity. It now has a strong group of international investors as shareholders who bring a wealth of experience and knowledge to the company... read more

According to its vision and mission statement, PRASAC is targeting rural village households, small farmers, and micro-entrepreneurs whose have income-generating activities and debt capacity. PRASAC is targeting micro enterprises for individual business loans for investment and working capital purposes. The three key client target groups of PRASAC are...

PRASAC select employees without regard to race, religion, gender, political opinions, age, disability or marital status. In practice the selections are made on competitive basis, and all positions are open for both internal and external candidates.

The vision of HR Department is to "To coordinate and manage the employee in order to provide an effective workforce to achieve the goals of the PRASAC."

The mission of HR Department is "To ensure that the on-going process of Human Resources Management is efficiently implemented and coped with the operations of PRASAC."

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The Kingdom of Cambodia is a democratic monarchy with multi-political parties and a population of 13.8 millions, among which 85% live in rural areas. Females represent 53% of the total population. The majority of the people are Buddhists. Recent economic development has gone through three distinct periods: emerging from scratch, Asian financial crisis and internal conflict and peace and security. During the last period Cambodia has made good progress.

The Cambodia banking system started in the early 1990s when the government launched the economic reform program from a centrally planned to a free market economy. Reform program have been introduce and good progress has been achieved in regulating and supervising banks and micro finance institutions.

The Kingdom of Cambodia is a democratic monarchy with multi-political parties and a population of 13.8 millions, among which 85% live in rural areas. Females represent 53% of the total population. The majority of the people are Buddhists. Recent economic development has gone through three distinct periods: emerging from scratch, Asian financial crisis and internal conflict and peace and security. During the last period Cambodia has made good progress. Read more ...