Banks offer credit for those with steady jobs
The number of banks offering advance salary loans has grown since Acleda Bank first introduced the concept in Cambodia in late 2013, though some financial institutions remain wary of offering the unsecured lines of credit. Canadia Bank began offering advance salary loans in early 2014, while Aeon Specialized Bank provides a similar loan product. Kem Ley, an independent socio-economic analyst, said providing loans to Cambodians without requiring collateral or a guarantor was generally a positive move, but required some caution as it could push low-income borrowers into a debt cycle.
