Cambodia, Phnom Penh, (December 20, 2019)-Credit Bureau Cambodia (CBC) is delighted to announce that we have contributed educational materials, hygiene materials, and also food materials to Helpful Association of the poor (HAP) in order to help vulnerable children to improve their well-beings.
We believe that every child today must have a better chance than at any time in history to grow up healthy, educated and protected, with the opportunity to reach their potential. Through HAP, CBC expected that all of those contributions would be a precious involvement to access and to support basic education, safe living environment, and to reduce malnutrition, which are reaching to have an equal chance for improving their livelihoods with knowledge, practical skill, life skill, and morality.
Since its operations in 2012 as the private company, CBC has been actively supporting and contributing to communities through the sponsorship to several NGOs who works closely with people in the communities. In addition, CBC also initiated financial literacy programs by conducting workshop in universities, consumer talk, and other events to inform the public about the importance of credit report and building of good credit history which benefits to them in the future.
CBC has been operated since March 2012, with a strong support from the National Bank of Cambodia (NBC), the Association of Banks of Cambodia (ABC), the Cambodian Microfinance Association (CMA) and the International Finance Corporation (IFC). CBC promotes greater financial stability by providing accurate real time data to consumers and industry that helps them control the financial aspects of their businesses. It allows businesses to manage credit risk, prevent fraud and automate decision-making. CBC also helps individuals to check their credit report to ensure they have access to loans and finance and to protect themselves against identity theft. As of November 2019, CBC has 167 members inclusive of banks, microfinance institutions, leasing companies, and rural credit institutions.