Cambodia: Local MFI Relaunched After South Korean Buyout

Date: 
09 Nov 2016
Source: 
Syminvest

Cambodia's booming microfinance sector continues to attract international investors, with a South Korean financial institution the latest to buy out one of the Kingdom’s myriad micro-lenders. 

The Seoul-based Welcome Financial Group (WFG) announced on Friday that it had acquired the full shareholding of Green Central Microfinance Ltd for an undisclosed sum, and rebranded it Welcome Finance (Cambodia). The rebranded microfinance institution launched operations on Friday.

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Type: 
General
Country: 
Cambodia