Prasac Microfinance Institution
Prasac Microfinance Institution ("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
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 via its 135
provincial and district offices in the Kingdom of
In 2007 PRASAC finalised 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.