Increasing financial inclusion in Cambodia
In rural Cambodia, Credit Union Foundation Australia's Credit Union Development program provides villagers with safe and affordable access to financial products and services.
Over the past five years, CUFA has established 21 credit unions in rural Cambodia, allowing people to open village bank accounts and gain access to financial education and self-help groups. Credit union members are able to apply for microfinance loans to develop small businesses.
The program also supports rural farmers through livelihood groups, offering training in a variety of skills including marketing, business management and financial literacy.
The program is key in reducing poverty and boosting economic prosperity in Cambodia.
Credit Union Foundation Australia is supported by the Australian Government through the Australian NGO Cooperation Program.