According to the project's document, "The Project is expected to have a highly development impact through the provision of uncommon financial products in Cambodia, a lower-middle income country. The Borrower focuses on providing long-term home and home improvement loans, and medium-term home equity loans to underserved low- and middle-income Cambodian households with limited to no access to formal housing. Cambodia is experiencing a large internal migration of the rural population to urban areas. This has created a strain on urban areas, especially in Phnom Penh, to accommodate the growing population with adequate and modern housing stock. The most recent estimates for the country have 46% of Cambodians in urban areas living in slums. The Project will provide financing to construct new or improve existing homes to an anticipated 12,500 clients over its life cycle, of which 60% are expected to be women."
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No contact information provided at time of disclosure.
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