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PRASAC Credits

PRASAC MFI produces several types of credit products to satisfy clients (families and enterprises), living in rural areas and towns, who need fund to open or expand their businesses. Loans are granted based on actual needs and repayment capacity of the clients. Interest rate and loan term are competitively set and based on borrowers’ income generation.  With loans given by PRASAC MFI, borrowers will be able to improve their living standards and sustainability of the national economy as well. Loans can be granted in Khmer Currency (KHR), Thai Currency (THB) and US Dollar.

 

TYPE OF CREDITS

 

1. GROUP LOAN

A group loan is developed to meet clients’ needs for small loans to run small businesses to improve their living conditions and increase their daily-family- incomes.

 

Loan Feature

  • Loan Size is up to USD 2,500 or KHR 10,000,000 or THB 100,000
  • Loan term is up to 24 months
  • Competitive interest rate
  • Flexible repayment modes
  • 2-5 members, and one is selected as a group leader
  • Be a permanent resident in the village
  • Have similar loan purposes
  • Age from 18 to 65 years old
  • Use group solidarity as loan security

 

2. INDIVIDUAL LOAN (MICRO, SMALL SCALE AND MEDIUM)

PRASAC MFI produces several types of credit products to satisfy clients (families and enterprises), living in rural areas and towns, who need funds at micro and small scale to open or expand their businesses, farming, production, etc.

 

Loan Feature

  • Loan size is up to KHR 100,000,000, USD 25, 000, and THB 1,000,000
  • Loan term is up to 48 months
  • Competitive interest rate
  • Flexible repayment modes
  • Be a permanent resident in the village
  • Has a legal business with real profitability
  • Hold a respective 20% of the whole investment capital
  • Age from 18 to 65 years old
  • Have real estate collateral or ID to secure the loan

 

3. BIG TICKET LOAN

PRASAC MFI develops Big Ticket Loans to be granted to those clients (families and Micro Small Medium Enterprises) who need funds for expanding their businesses such as trades, services, farming, plantation, production, construction, etc.

 

Loan Feature

  • Loan size is up to KHR 200,000,000 or THB 2,000,000 or USD 50,000
  • Loan term is up to 48 months
  • Competitive interest rate
  • Flexible repayment modes
  • Be a permanent resident in the village
  • Has a legal business with real profitability
  • Hold a respective 20% of the whole investment capital
  • Age from 18 to 65 years old
  • Have real estate collateral or ID to secure the loan

 

4. HOUSE IMPROVEMENT LOAN

To comfort and brighten clients’ living, PRASAC MFI develops loans for them to use for improving and decorating their existing houses.

 

Loan Feature

  • Loan size is up to KHR 100,000,000 or THB 1,000,000 or USD 25,000
  • Loan term is up to 48 months
  • Competitive interest rate
  • Flexible repayment modes
  • Be a permanent resident in the village
  • Has a legal business with real profitability
  • Age from 18 to 65 years old
  • Have real estate collateral or ID to secure the loan

 

5. CONSUMPTION LOAN

Consumption loans are developed and given to clients who have regular income to buy equipment, furniture, etc to improve client’s social welfare.

 

Loan Feature

  • Loan size is up to KHR 100,000,000 or THB 1,000,000 or USD 25,000
  • Loan term is up to 48 months
  • Competitive interest rate
  • Flexible repayment modes
  • Be a permanent resident in the village
  • Has a legal business with real profitability or are employees
  • Age from 18 to 65 years old
  • Have real estate collateral or term deposit to secure the loan

 

6. BIOGAS LOAN

The loan is used for constructing biogas plant (which use animal manure) that produces gas to cook food and light the house at night. The objective of this loan is to reduce cutting trees for firewood or charcoal.

 

Loan Feature

  • Loan size is up to USD 1,000
  • Loan term 24 months
  • Interest rate is 1.2% per month
  • Flexible repayment moods
  • Has a legal business with real profitability
  • Be able to collect 20 kg of the animal shit per day
  • Have  proper place for making a biogas plant
  • Be a permanent resident in the village
  • Age from 18 to 65 years old
  • Have real estate collateral to secure the loan

 

7. EDUCATION LOAN

For   all the students with good educational background who wish to pursue your education at university, but lack of financial support, now there is no more concern. PRASAC introduces  education loan to give you the best answer to pursue your dream at university and unlock your potential to contribute in both personal and  society development. Hurry up the chance is yours. PRASAC Education Loan give you great benefits as below:

 

Conditions and Benefits of the education loan

  • Students who have completed high school
  • Have to study at the university recognized by the Ministry of Youth Education and Sports and located in Cambodia.
  • This loan is applicable to study at the associate degree or bachelor degree
  • PRASAC is providing loans up to 100% of the cost or upto USD500.
  • Loan term is from 4 to 12 months.
  • Interest rate if only 14% per year.
  • Flexible repayment modes based on income.

 

8. OTHER LOAN SERVICES

Other loan products may be developed and launched step by step in accordance with the needs of the market.

 

A. REQUIRED SUPPORTING DOCUMENTS

  • A copy of ID card, birth certificate, family book, or other relevant documents.
  • The original land title or land certificates

 

B. LOAN PROCESS

  • Those clients who intend to apply for loans can contact our account officers (or relevant staff) by phone or directly come to any nearby office of PRASAC.
  • The account officers will directly go and visit loan applicants at home and businesses places; then fill out credit forms/ documents to process loans for them in simple manner and fast services.
  • Nothing is charged for processing loans to the clients.