ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Finance

South Korea's KB takes over Cambodia's biggest microlender

Sector hits record profits despite COVID and borrowers' overindebtedness

Prasac Microfinance Institution, Cambodia's largest microcredit lender, is now fully owned by South Korea's KB Financial Group. (Source photos by EPA/Jiji and screenshot from Prasac Microfinance Institution's website) 

PHNOM PENH -- South Korean banking giant KB Financial Group is increasing its bet on Cambodia's microcredit industry, a fast-growing $13 billion sector facing increased scrutiny over concerns about overindebtedness and human rights violations.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more