Rural Credit Institution Licensing
June 2, 2024
Sithisak Law Office assisted a local enterprise in obtaining a Rural Credit Institution license, guiding the client through NBC’s requirements on capital adequacy, governance, risk management, and operational controls. The firm prepared and reviewed all regulatory submissions and advised on compliance processes necessary for approval.
This licensing enabled the client to operate as a regulated rural lender, thereby improving access to formal financial services for underserved communities, supporting micro-entrepreneurs, small farmers, and rural households. The project contributed to advancing financial inclusion and local economic resilience in Cambodia’s rural areas.
