|1995-1999||PRASAC I, EU-funded three rural development projects in six provinces, with three different credit components.|
||Extension as PRASAC II, combined to one project, one credit component.|
|2000||First strategic decision to create a sustainable institution beyond the closure of PRASAC II project.|
|2001||HO and branch offices separated from PRASAC II, with separate management but still as a part of the project.
|2002||The establishment of PRASAC Credit Association (PCA) was registered with the NBC in March 2002 as Rural Credit Operator.|
|2003||Two initial shareholders were created, a Trust Fund called CRDF created by PRASAC II and PRASAC Staff Company created by staff members.|
|2004||Registered as PRASAC MFI Ltd with Ministry of Commerce as a private Limited Liability Company and received license from NBC.|
|2005||The credit fund was transferred from EC to the government and finally to PRASAC MFI Ltd as Subordinated Debt with free interest and valid from Dec 2004.
|2006||The commercialization process was to seek for equity investment participation from commercial and social investors.|
|2007||PRASAC completed its transformation by replacing CRDF with new five shareholders, BIO, DCG, FMO, LOLC, and Oikocredit. Particularly, PRASAC received a permanent license from NBC in December 2007.|
|2008||PRASAC increased its capital to 15.4 billion riels from six shareholders. PRASAC was rewarded for extending its financial services throughout the country.|
|2009||PRASAC selected Oracle Flexcube to modernize its core system to build competitive advantages, offer more diversified ranges of products and prepare for the next level.|
PRASAC obtained a Microfinance Deposit Taking Institution (â€œMDIâ€) license to conduct deposit taking business from the National Bank of Cambodia.
|2011||PRASAC was rated by a reputable international rating agency â€œPlanet Ratingâ€ which specializes in rating microfinance businesses around the globe. PRASAC was graded â€œA-â€ and its outlook as â€œStableâ€ while the previous rating was BBB+ by Microfinanza Rating in July 2009.|
PRASAC increased its registered capital to 80 billion Riels, which is roughly equivalent USD20 millions. At the same time, PRASACâ€‹ is the 1st MFI in Cambodiaâ€‹ who has launched ATM service in Sep 2012.
|2013||PRASAC achieved another milestone by receiving â€œThe Outstanding Innovative Microfinance Product Award 2013â€ from International Data Group and also received MF Transparency SEAL of pricing transparency award from an international Non-governmental Organization, MF Transparency.
|2014||PRASAC increased its registered capital to 188 billion Riels, which is roughly equivalent USD 47 millions. PRASAC is still leading in network and business performance.|