MicroVest Invests in Leading Cambodian MFI to Promote Inclusive Growth for Female Microentrepreneurs

MicroVest Capital Management (MicroVest) has invested $6.5 million in LOLC Cambodia, one of the largest regulated microfinance institutions (MFI) in Cambodia. The investment seeks to facilitate responsible financing for underserved individuals and MSMEs in Cambodia, while helping LOLC meet growing demand for capital from its core borrower base, the majority of whom are women. Today, MSMEs account for up to 99% of total enterprises in Cambodia, which makes them vital to the country’s overall economy (UNESCAP 2019). However, an estimated 66% of those enterprises cite challenges around access to finance and working capital.

Founded in 1994, LOLC Cambodia is an MFI that serves Cambodian microentrepreneurs, primarily women, at the base of the socio-economic pyramid. While the company focuses primarily on individual lending in rural areas, its other products include deposits, SME loans, and asset-backed loans. LOLC complies with the Cambodian Microfinance Association lending guidelines’ limits on high-risk refinancing and became SMART Campaign-certified in 2019.

This is MicroVest 6th loan cycle with LOLC Cambodia.

DISCLOSURE INFORMATION

The information contained here has been written for MicroVest Capital Management, LLC (“MicroVest”) and no representation or warranty, expressed or implied is made by MicroVest as to the accuracy or completeness of the information contained herein. The portfolio company highlighted is for informational purposes only and does not represent all of the portfolio holdings and it should not be assumed that investments in the portfolio company identified and discussed were or will be profitable. The information presented on this page is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to purchase an interest in any MicroVest product (the “Funds”), and nothing herein should be construed as such. Any such offer or solicitation will be made only by means of delivery of a definitive private offering memorandum which contains a description of the significant risks involved in such an investment. Prospective investors should request a copy of the relevant Memorandum and review all offering materials carefully prior to making an investment.