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05au-3959 - RUFICA: Rural Finance in Cambodia Phase 2

This technical assistance project for the promotion and strengthening of rural finance in Cambodia is a continuation of the first phase (from 2003 to March 2005). During the first phase policies, systems and procedures have been introduced that are part of the total framework for credit union development. During this phase ACCU collaborated closely with CCSF and SEDOC. 81 Savings banks exist which regroup 1.029 groups and almost 20.000 members. Phase 2 is a continuation of the capacity building of CCSF and SEDOC. CCSF and SEDOC have to develop the institutional capacity of established savings banks. Another objective is the existence of a regulatory framework for credit cooperatives. Thirdly, the program envisage the introduction of a micro-insurance program.

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