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TA 4755: Developing Deposit Services in Rural Cambodia
Financed by Poverty Reduction Cooperation Fund

Type: Pilot, Capacity Building
Duration: 20 months
Executing Agency: National Bank of Cambodia
Person Responsible: Samiuela Tukuafu
Southeast Asia Governance, Finance and Trade Division
Amount: US$600,000 (PRF),
US$120,000 (Government and MFIs financing)
Project Summary

As noted in a review of the Consultative Group to Assist the Poor (CGAP), the development of deposit services in Cambodia has significantly lagged behind credit services despite recognition from the National Bank of Cambodia (NBC) that developing deposit services in rural areas is critical to building inclusive and demand-driven financial systems for the poor. In response, this TA aims to catalyze the process of increasing the level of savings in rural households and increase the availability of funds for MFIs so they can expand rural lending.

Major activities of this TA will include:

  • Assist NBC in developing its regulatory and supervisory capacity for deposit-taking MFIs
  • Support MFIs for the provision of deposit services
  • Implement a financial literacy program to increase awareness for rural households