**********
Article 1
Article 1 of Prakas No B 7-00-06 Prokor of ] anuary 11, 2000 on Licensing of Micro finance Institutions, is hereby repealed and replaced by the present Prakas.
Article 2
Micro-finance is defined as follows:
"The delivery of financial services such as loans and deposits, to the poor and low-income households, and to micro-enterprises"
Article 3
Registration with the National Bank of Cambodia is compulsory for all non-government organizations (NGOs) , associations and other entities engaged in micro-finance, if they meet one of the following conditions:
a) For those engaged in credit:
– Their loan portfolio outstanding is equal to or greater than KHR 100 million
b) For those engaged in savings mobilization
– The savings mobilized from the general public amount to KHR 1 million or more, or
– The number of their depositors is 100 or more.
Article 4
Registered micro finance operators must comply with existing laws and regul ations and meet the standard and criteria set by the National Bank of Cambodia in terms of good governance, transparency, and competence and honest management.
Article 5
The National Bank of Cambodia shall deliver a certificate of registration to micro finance operators that presents official request for registration, meets the set standards and criteria, and submits the required information and documents. This certificate can be withdrawn and the registration cancelled if the operators do not comply with conditions set by the NBC.
Article 6
Micro finance operators that is denied registration by the NBC, or whose registration is cancelled by the National Bank of Cambodia, shall cease all micro-finance activity within three months of being informed of the NBC's decision.
Article 7
Registered micro finance operators shall provide regular reports on their activities and organization, as and when required by the National Bank of Cambodia.
Article 8
Licensing is compulsory for all micro-finance institutions, if they meet one of the following conditions:
a) For those engaged in credit:
– Their loan portfolio outstanding is equal to or greater than KHR 1,000 million, OR
– They have 1,000 borrowers or more
b) For those engaged in savings mobilization:
– The savings mobilized from the general public amount to K HR 100 million or more, OR
– The number of their depositors is 1,000 or more.
Article 9
Micro finance institution are subject to compulsory licensing shall be prepare an application for a license to be submitted to the National Bank of Cambodia have until 31 December 2002. Otherwise they will have to scale down their volume of activity and operate as a registered micro-finance institution, as provided for in Articles 3 to 7 above.
Article 10
Violations to the provisions of this Prakas may give rise to disciplinary sanctions as set forth in Article 52 of the Law on Banking and Financial Institutions.
Article 11
The General Direction, the General Secretariat, the General inspection , the General Cashier and all departments of the National Bank of Cambodia, and all Micro Financial Institutions under of the National Bank of Cambodia supervisory authority shall strictly implement this Prakas.
Article 12
This Prakas shall have effect from the signing date.
Phnom Penh, 25 February 2002
The Governor
Signed and sealed: Chea Chanto
© ក្រសួងសេដ្ឋកិច្ច និងហិរញ្ញវត្ថុ ព្រះរាជាណាចក្រកម្ពុជា រក្សាសិទ្ធិគ្រប់យ៉ាង ឆ្នាំ២០២២
គ្រប់គ្រង និងអនុវត្តដោយលេខាធិការដ្ឋាន NTR