54369


                                                                                                                                                        CAMBODIA

                                                                                                                                          elx 17               mifuna 2009
                                mIRkUhirBaØvtßúkñúgRbeTskm<úCa ³ CMurujvis½yenH[kan;EtrIkcMerInmYykMriteTot
                                1- esckþIepþIm
                             kñúgRbeTskm<úCa skmµPaBesdækic©mYyPaKFMBwgEp¥kelIshRKasFuntUc nigtUcbMput (MSMEs) EdlPaKRcInsßitenAtMbn;
                         CnbT. shRKasFuntUc nigtUcbMputTaMgenHmin)anTTYlesvahirBaØvtßúBIvis½yFnaKareT eRBaHfaFnaKarPaKeRcInepþatEtelI
                         karbMerIesvadl;GaCIvkmµenATIRkug. dUecñH RKwHsßanmIRkUhirBaØvtßú (MFIs) KWCaGñkpþl;esvahirBaØvtßúcm,gsMrab;esdækic©CnbT.
                             esvaEdlpþl;eday MFIs GacCYydl;GñkCnbT CaBiessGñkRkIRk kñúgkarbegáInR)ak;cMNUl nigRTBüsm,tþirbs;BYkeK.
                         mIRkUhirBaØvtßúk¾CYykat;bnßyPaBgayrgeRKaHBIsßankarN_xageRkA dUcCa CMgW nigeRKaHmhnþrayFmµCatinana ehIyk¾CYy
                         GPivDÆshRKasFuntUceTotpg. dUecñH mIRkUhirBaØvtßúmantYnaTIsMxan;Nas;kñúgkarGPivDÆn_km<úCa nigkat;bnßyPaBRkIRk .
                             vis½ymIRkUhirBaØvtßúenARbeTskm<úCamankarrIkcMerInxøaMgCageKenAelIsklelak ehIyGnþrCatiTTYlsÁal;faenHCaerOg
                         eCaKC½ymYyrbs;km<úCa. bc©úb,nñenH man MFIs EdlmanGaCJab½NÑc1 Yn 18 nigGgÁkareRkArdæaPi)al (NGOs) EdlcuHbBa¢I
                                                                                               Mn
                         enAFnaKarCatiénkm<úCacMnYn 26 kMBugpþl;esvamIRkUhirBaØvtßúenAkm<úCa .
        vis½ymIRkUhirBaØvtßúkñúgRbeTskm<úCa)anedIrtYnaTIya:gsMxan;kñúgkarnaMesvamIRkUhirBaØvtßúeTA[dl;édGñkRkIRkenACnbT. vis½yenH)anrIkcMerIn
y:agxøaMgkñúgkMLúgeBlR)aMqñaMcugeRkayenH EdlcMnYnGñkx©IR)ak;)anekIndl; Cag 1 lannak; nigGñksnSMR)ak;ekIndl;Cag 52 muWnnak;
kñúgTUTaMg 24 extþ/Rkug. enAdMNac;qñaM 2008 R)ak;km©ImIRkUhirBaØvtßúsrubkñúgRbeTskm<úCa )anekIndl;Cag 440 landuløa ehIyR)ak;
beBaØIekIndl;Cag 490 landuløa. BIqñaM 2006 dl;qñaM 2008 cMnYnGñkx©IR)ak;)anekIneLIgy:agqab;rh½sKWkñúgGRta 23° enAqñaM 2006 29°
enAqñaM 2007 nig 31° enAqñaM 2008 ehIyR)ak;km©I)anekIneLIgelIsBI 55° kñúg1qñaM² 2.
        eTaHbICavis½ymIRkUhirBaØvtßúTTYl)aneCaKC½yxøaMgkøak¾eday k¾vis½yenHenAEtRbQmmuxnwgbBaðamYycMnYnenAeLIydUcCa Rkbx½NÐc,ab;Edl
dak;kMhitelIlTæPaBrbs; MFIs kñúgkarBRgIkmuxplitpl nigesvarbs;xøÜn nigéføedIménmUlniFix<s; EdlraraMgmin[ MFIs sMerc)annUvskþanuBl
rbs;xøÜn kñúgkarCYyGPivDÆRbeTs CaBiessesdækic©CnbT. edIm,IsMerc)annUvskþanuBlrbs;xøÜnkñúgkarbMerIGtifiCn[)ankan;EteRcIn MFIs caM)ac;
RtUvEtGacpþl;plitpl nigesva[)ankan;EteRcInmux GacTTYlmUlniFiCarUbiyb½NÑkñúgRsuk nigGackat;bnßyéføedImelImUlniFi EdlenHnwgeFVI[
eKGacbMerIesvadl;CnRkIRkenACnbTkan;EteRcIn ehIyenAEtrkSa)annUvnirnþrPaBBaNiC¢kmµ.
        RBwtþibtþisþIBIbBaðaGaCIvkmµenHBiPakSaelIcMnucsMxan;BIr EdlGacCYy[ MFIs sMerc)annUveKaledArbs;xøÜn³ 1- plitpl nigesvafµI²Edl
GacCYyvis½yenHrIkcMerIn nigRsbeBlCamYyKña pþl;[GtifiCnenAtamtMbn;CnbTnUvesvaEdlBYkeKRtUvkar . 2- briyakasGaCIvkmµ nig
Rkbx½NÐc,ab;Edlkan;Etl¥RbesI .
    rUbTI1³ cMnYnGñkx©IR)ak;BIRKwHsßanmIRkUhirBaØvtßú nigR)ak;km©IsrubKitCalanduløa
                                1200000                                                                   500   RBwtiþbR½tsþIBIbBaðaGaCIvkmµ pþl;CUnelakGñkEdlmancMNab;
                                                                                                          450   GarmµN_BIerOgr:avTak;Tinnwgkic©karGaCIvkmµnUvesckIþsegçb
                                1000000
                                                                                                          400   xIø² nigesckIþviPaKelIRbFanbTEdlBak;Bn§½nwgbriyakas
                                                                                                                GaCIvkmµenAkm<úCa. RBwtiþbRt½enHmanrYmbBa©ÚlTaMgmti nig
     cMnYnGñkx©IRof borrowers




                                                                                                          350
                                 800000
                                                                                                          300   eyabl;epSg² rbs;mCÄdæanBak;Bn§½pgEdr.
     Number )ak;




                                 600000                                                                   250
                                                                                                                         RBwtiþbRt½enH RtUv)ane)aHBum<eLIgedaymankarshkar
                                 400000
                                                                                                          200
                                                                                                          150
                                                                                                                nig CYy]btßmÖBIkmµviFIGPivDÆn_vis½yÉkCntMbn;TenøemKgÁ
                                                                                                          100
                                                                                                                (MPDF)           EdlCasßab½nBhuCMnYyRKb;RKgedaysaCIvkmµ
                                 200000
                                                                                                          50    hirBaØvtßúGnþrCati (IFC) eFVIkarGPivDÆn_vis½yÉkCn enAkñúg
                                      0                                                                   0     RbeTsevotNam km<<úCa nigsaFarN³rdæRbCaFibüetyü
                                               2004          2005   2006          2007          2008            RbCamanitLav. m©as;CMnYyrYmman GURsþalI kaNada
                                          Number IR)ak;
                                          cMnYnGñkx©of Borrowers    Outstanding loans l
                                                                    R)ak;km©IKitCalanduin øaUS$ Million         shKmGWr:ub hVaMgLg; saCIvkmµhirBaØvtßúGnþrCati eGoLg;
    RbPB³ KNnaedayEp¥kelITinñn½yBI NBC, CMA, ACELEDA nig MIX                                                    Cb:un nUEvlehSLg; hULg; NrEvs s`uyEGt nigsVIs.
                                                                                                                 mti b¤eyabl;TaMgLayEdlcuHpSayenAkñúgRBwtiþbR½t
1 FnaKarCatiénkm<úCa³ mIRkUhirBaØvtßúenARbeTskm<úCa qñaM 2007                                                   enHmintMNag[TsSn³CapøÚvkarrbs; IFC eT vaRKan;Etpþl;
2 Tinñn½y)anmkBIbNþajbþÚrB½t'manmIRkUhirBaØvtßú (MIX) FnaKarCatiénkm<úCa smaKmmIRkUhirBaØvtßúkm<úCa             CaB½t'man eyagbEnßmEtb:ueNÑaH.
(CMA) nigFnaKareGsuIlIda .
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        lT§PaBkñúgkarpþl;plitpl)ankan;EteRcInmux mansar³sMxan;      faetI MFIs GaceFVIRbtibtþiPtisnüa)anb¤eT. tamc,ab;sþIBIFnaKar
Nas;cMeBaH MFIs nadMNak;kalénkarGPivDÆn_enH. plitpl                 nigRKwHsßanhirBaØvtßú PtisnüaRtUv)ancat;TukfaCaRbtibtþikarrbs;
TaMgenHminRKan;Etpþl;GtßRbeyaCn_dl;GtifiCnEdlmanRsab;b:ueNÑaH       FnaKar. dUecñHehIysßab½n EdlmanGaCJab½NÑFnaKarGacpþl;esva
eT EtvaEfmTaMgCYydl; MFIs kñúgkarTak;TajGtifiCnfµI nigbegáInkar     Ptisnüa. ehIyvaminc,as;enAeLIyeT faetI MFIs caM)ac;RtUvEtman
rIkcMerInRbkbedaynirnþrPaBkan;EtRbesIreTotpg .                      GaCJab½NÑFnaKar ¬EdlCalkçxNÐmYyEdl MFIs km<úCaBi)aknwgTTYl
        kñúgsßanPaBTIpSarbc©úb,nñenH MFIs manlT§PaBeRcIn nigcg;     edaysarvaTamTaredImTunx<s;eBk¦ edIm,IeFVIRbtibtþikarPtisnüa  b¤
eFVIkarGPivDÆn_esvafµI² EtkgVHRkbx½NÐc,ab;enAEtCa]bsKÁ. MFIs        fa MFIs EdlCasßab½nhirBaØvtßúmankarRtYtBinitüRtwmRtUvBIrdæGac
elIkeLIgfa FnaKarCatidak;kMhitelIBYkeKeRcIneBkedaymin[BYkeK         pþl;esvaPtisnüa)an. PaBminc,as;las;enH )anraraMgGaCIvkmµxñat
TTYlR)ak;beBaØIedaygayRsYlb¤pþl;plitplnigesvaepSg²eTot              tUc nigtUcbMputenACnbT min[TTYl)anesvaPtisnüa eRBaHGaCIvkmµ
EdlGacmantMrUvkarx<s;dUcCa esvaFanar:ab;rgxñattUc PtisnüaxñattUc    TaMgenHPaKeRcInenAeRkAtMbn;Rbtibtþikarrbs;vis½yFnaKar .
esvaepÞrR)ak; nigepJIR)ak; .                                               eyIgsVaKmn_KMnitkñúgkardak;Ptisnüa [eFVIRbtibtþikarkñúg
        karbegáItRkbx½NÐc,ab;EdlGnuBaØat[ MFIs begáInmuxplitpl      TIpSarkm<úCa. eyIgeCOCak;fakardak;PtisnüacUlkñúgTIpSarenHnwg
nigesvarbs;xøÜn nwgeFVI[vis½yenHrIkcMerInkan;EtxøaMgEfmeTot ehIy    CYyRbCaCn[TTYl)anhirBaØb,Tankan;EteRcInsMrab;GaCIvkmµrbs;
GacelIkkMBs;lT§PaBTTYl)annUvhirBaØb,TansMrab;Blrdækm<úCa.           eK. eyIgGacemIleXIjfamantMrUvkaresvaPtisnüa. k¾b:uEnþkñúgzan³
                                                                    Ca MFIs eyIgminRtUv)anGnuBaØat[eFVIRbtibtþikarPtisnüaeT.
      2-1 esvaFanar:ab;rgxñattUc                                                  elak hYt eGogtug naykcat;karTUeTA htßaksikr
      CaTUeTAGñkRkIRkgayrgeRKaHcMeBaHhaniP½yepSg² EdlrYmman                            lImItFIt nigRbFansmaKmmIRkUhirBaØvtßúkm<úCa
eRKaHFmµCati CMgW nigeRKaHfñak;nana. MFIs mantYnaTIya:gsMxan;kñúg
karkat;bnßy b¤Tb;sáat;PaBgayrgeRKaHTaMgenH tamry³karpþl;                   2-3 esvaepJIR)ak;
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\NTanedIm,Ibegán»kasrkR)ak;cNl nigesvasnSMR)ak;edIm,Iksag                  enARbeTskm<úCamantMrUvkarx<s;sMrab;esvaepJIR)ak;. karsikSa
FnFanEdlGaceRbIR)as;)anenAeBlRtUvkarcaM)ac;. b:uEnþesvaR)ak;        mYycMnYn)anbgðajfa kmµkrEdlbMerIkargarkñúgvis½ykat;edrepJIR)ak;
snSM nigesva\NTan minRKb;RKan;eT enAeBlEdlBYkeKRbQmnwg              RbEhl 20 eTA 30 duløarGaemrikeTA[RkumRKYsarrbs;BYkeK enA
haniP½yEdlbNþal[mankar)at;bg;elIsBI GVIEdlBYkeKGacedaH              CnbT. R)ak;beBaØIenHsrubeTAmancMnYnrab;landuløakñúgmYyEx² ehIy
Rsay)an. eBlenaH esvaFanar:ab;rgxñattUcmantYnaTICaGñkkat;                                                                   ú
                                                                    kmµkrkat;edrRKan;EtCaEpñkmYyénTIpSaresvaepJRI )ak;enAkm<Cab:eu NÑaH.
bnßyhaniP½y. esvaFanar:ab;rgxñattUc karBarRKYrsaEdlmanR)ak;                        Ð              ú
                                                                           Rkbx½Nc,ab;naeBlbc©b,nµ GnuBaØat[EtFnaKarBaNiCbeu: NÑaHö
cMNUlTab Tl;nwghaniP½y edayBYkeKRtUvbg;R)ak;FanakñúgGRtamYy         pþl;esvaepJIR)ak;. edaysarEttMbn;Rbtibtþikarrbs;FnaKarBaNiC¢
EdlsmRsbeTAnwglT§PaBEdlhaniP½yGacekIteLIg nigéføepSg²               enAmankMrit ¬elIkElgEtFnaKareGsuIlIda¦ vis½yFnaKarenH enA
eTotEdlBak;B½n§.                                                    manlT§PaBtictYckñúgkarpþl;esvaepJIR)ak;dl;RbCaBlrdæenACnbT
      esvaFanar:ab;rgxñattUc KWCaplitplfµIsMrab;km<úCa ehIy         ehIyktþaenHbgçM[GñkRkIRkepJIR)ak;eTA[RkumRKYsarrbs;eKtamry³
bc©úb,nñenH eyIgminTan;manRkbx½NÐc,ab;sMrab;RKb;RKgplitplenH        esvakmµeRkARbB½n§EdlmankMéréfø nigmanhaniP½yx<s; .
enAeLIyeT. EteTaHCay:agenHkþI k¾manGgÁkarxøH)ansakl,gpþl;                  lT§PaBrbs;RbCaCnkm<úCakñúgkarepJIR)ak;[RKYsarrbs;BYkeK
esvaFanar:ab;rgxñattUcsMrab;RbCaCnenACnbT nigGñkRkIRkenAkñúg        enAtMbn;CnbTenAmankMrit eRBaHmanEtFnaKar eGsuIlIdaEtmYyKt;
TIRkug. edIm,ICYy[esvaenHmankarrIkcMerIn Rkbx½NÐc,ab;smRsb          EdlmantMbn;RbtibtþikarFMRKb;RKan; cMENkÉ MFIs EdlmansaxaenA
mYysMrab;RKb;RKgRbtibtþikarenHRtUvEt)anGnum½t .                     CnbTminGaccUlrYmkñúgesvakmµepJIR)ak;eT . CaFmµta smaCikRKYsar
                                                                    bBa¢ÚnR)ak;edaypÞal; ¬dUcCatamrfynþQñÜl¦ EdlCameFüa)ay
       2-2 PtisnüaxñattUc                                           mYymantMélx<s; niggayrgeRKaHBIGMeBI]Rkidæ. karepÞrR)ak;Rbkb
       PtisnüasMedAdl;karbg;R)ak;CaRbcaMedIm,ImansiT§eRbIR)as;      edaysuvtßiPaB nigmantMélsmrmüGaceFVIeTA)anedayGnuBaØat[
brikçadUcCayanynþb¤eRKOgcRkedaymincaM)ac;Tij.PtisnüaGnuBaØat        FnaKareRbIR)as;bNþajrbs; MFIs nigedayeRbIR)as;bec©kviC¢afµI
[GaCIvkmµEklMG b¤BRgIkRbtibtþikarbs;xøÜnedaymincaM)ac;x©IR)ak;      dUcCaTUrs½BÞédCaedIm edIm,IbMeBj[FnaKarEdlKµansaxaRKb;RKan;.
sMrab;TijbrikçaEdlmantMélx<s;²eLIy.Rkumh`unPtisnüab¤FnaKar                   Magarete O. Biallas RbFankmµviFIelIksÞÜyvis½yhirBaØvtßú
manbrikçaTaMgenaH ehIyCYl[GñkeRbIR)as;. RbtibtþikarEbbenH man                                                       tMbn;emKgÁén IFC
RbeyaCn_Nas;sMrab;GaCIvkmµEdlminmanRTBüsMrab;dak;bBa©aMedIm,I
TTYl)anR)ak;km©I. Ptisnüa GacCYy[GaCIvkmµrIkcMerIn)anelOn                  3- briyakasGaCIvkmµ nigRkbx½NÐc,ab;
nigcUlrYmcMENkdl;karGPivDÆn_esdækic©.                                      kñúgkMLúgeBl BIqñaM 1995 dl; 2000 \NTanxñattUc
       PtisnüaxñattUc mansar³RbeyaCn_xøaMgNas;cMeBaHshRKas          Edlpþl;edayGgÁkareRkArdæaPi)al )aneTAdl;édRbCaBlrdæmYy
                 u                                   II
xñattUc nigtUcbMpt nigksikrEdlminGacTTYl)anR)ak;km©BFnaKar.         cMnYnFM CaBiessRbCaCnRkIRk . karrIkcMerInenH)aneFVI[FnaKarCati
MFIs sßitkñúglkçx½NÐRbesIrCagFnaKar kñúgkarpþl;esvaPtisnüa          sMercBRgågc,ab; nigkarRtYtBinitüelIvis½yenH. c,ab;sþIBIFnaKar
xñattUc eRBaHBYkeKmankaryl;dwgeRcInCagFnaKarGMBIRbtibtþikar         nigRKwHsßanhirBaØvtßú RtUv)andak;ecjenAqñaM 1999 ehIyFnaKaCati
rbs;GaCIvkmµxñattUc nigTIpSarrbs;va.                                )anecjRbkassþIGMBI MFIs enAqñaM 2000. tamRbkasenH MFIs

2
EdlmanTunelIsBI 100 lanerol RtUvcuHbBaöIenAFnaKarCati                                 TTYlykR)ak;beBaØI nwgbegáInlT§PaBTTYl)anhirBaØb,Tanrbs;
ehIy MFIs EdlmanTunelIsBI 1000 lanerolRtUvmanGaCJab½NÑ.                               GaCIvkmµxñattUc nigtUcbMput k¾dUcCaksikrTUeTApgEdr .
       mkTl;nwgeBlenH man MFIs 18 )anTTYlGaCJab½NÑ ehIy                                      eyIgecjRbkassþIGMBIkarpþl;GaCJab½NÑ[ MFIsTTYlR)ak;beBaØI
MFIs 26 epSgeTot)ancuHbBaöIenAFnaKarCati. ktþaenH)aneFVI[                             kñúgeKalbMNgFana[)an nUvkarRKb;RKgd¾rwgmaMelI MFIs nigedIm,IrkSa
saFarN³CnmanTMnukcitþkan;EteRcInelImIRkUhirBaØvtßú nig)aneFVI[                        )annUvTMnukcitþ nigkareCOCak;BIRbCaBlrdæ eRBaHfamanEt MFIs Edl
vis½yenHrIkcMerIny:agxøaMg. MFIs )anTTYlGtifiCnkan;EteRcIneLIg                        rwgmaMeT eTIbKYrRtUv)anGnuBaØat[TTYlykR)ak;beBaØI.
ni g mankarrI k cM e rI n KY r [kt; s M K al; k ñ ú g karkat; b nß y cM N aykñ ú g                elakCMTav tal; éNsuIm GKÁnaykFnaKarCatiénkm<úCa
         þ            I                                Üø
Rbtibtikar nigbegánKuNPaBR)ak;km©rI bs;xn ehIyTTYl)annirnþrPaB                               edIm,IkarBarGñksnSMR)ak; nigksagTMnukcitþrbs;BYkeK FnaKar
EpñkhirBaØvtßú. TMhMénR)ak;km©IFMCagmun KWCaktþacm,gmYyeTotEdl                        Cati)anRbkan;ykPaBtwgrwgkñúgdMNak;kalenH. RbkasenaH Ecgfa
eFVI[vis½yenHkan;EtmanRbsiT§PaBeLIg.                                                  MFIs         NaEdldak;BaküsuMGaCJab½NÑTTYlR)ak;beBaØIRtUvmanedImTun
       karRbkYtRbECgkan;EtxøaMg karRKb;RKghaniP½ykan;EtRbesIr                         ya:gtic 2/5 landuløaGaemrik edIm,IkarkarBarGtifiCn[)anl¥.
Rbtibtþikarkan;EtmanRbsiT§PaB nigkarTTYl)anmUlniFikñúgtMélTab                         edaysartMrUvkaredImTuneRcInEbbenHmanEt MFIs tictYcb:ueNÑaHGac
Cagmun )aneFVI[GRtakarR)ak;kñúgvis½ymIRkUhirBaØvtßúFøak;cuHkñúgkMLúg                  bMeBjlkçxNÐenH)an dUecñHehIyeTIbRKwHsßanmIRkUhirBaØvtßúmYycMnYn
               Mu                       u            M
eBl 10 qñacgeRkayenH ¬Føak;cHya:gxøagnaeBl 3 qñacgeRkay¦.           Mu                sMEdgkþI)armÖ .
GRtakarR)ak;CamFümelIR)ak;km©Irbs; MFIs )anFøak;cuHBI 42°                                                I Iþ                                   _¾ M Y ú
                                                                                             RbkasfµsBRI )ak;snSMmRI kUhri BaØvtßú KWCakarvivtþndsxan;mykñg
enAqñaM 2003 mk 32° enAqñaM 20063. enAqñaM 2007 MFIs                                  kareFVI[Rsbc,ab; nigR)akdRbCaGMBIzan³rbs; MFIs EdlmanGaCJa
EdlmanGaCJab½NÑkñúgRbeTskm<úCa ykGRtakarR)ak;KitCamFüm                                b½NÑTak;TgnwglT§PaBRbEmRbmUlykR)ak;snSMBIsaFarN³Cn.
2/54° kñúg1Ex b¤ 29/82° kñúgmYyqñaM4. eTaHbICaminTan;man                                      nadMNak;kalenH CaBiessmUlFnGb,brmax<s;EdlCalkçxNÐ
Tinñn½ypøÚvkarNamYy GMBIGRtakarR)ak;kñúgvis½ymIRkUhirBaØvtßúnaqñaM                    caM)ac;kñúgkarTTYl)anGaCJab½NÑfµIedIm,IRbmUlR)ak;beBaØI)aneFVI[ MFIs
2008 k¾edayk¾ MFIs mYycMnYn)anbBa¢ak;fa GRtakarR)ak;CamFüm                            PaKeRcInmindak;BaküesñIsuMGaCJab½NÑfµIenaH)an. kñúgcMeNam MFIs
rbs;eKkñúgqñaM 2008 KWRbhak;RbEhlnwgqñaM 2007 Edr. eTaHbICa                           EdlmanGaCJab½NÑTaMg18manEtRKwHsßanBIrb¤bIb:ueNÑaHEdlman
sßanPaBenAqñaM 2009 minTan;manPaBR)akdRbCa edaysarbriyakas                            lkçN³RKb;RKan;edImI,sMuGaCJab½NÑfµIenH. MFIs EtBIrb¤bIenaHminGac
GaCIvkmµminl¥naeBlbc©úb,nñk¾eday k¾lTæPaBrbs; MFIs kñúgkar                            bMeBjesckþIRtUvkarenATUTaMgRbeTs)aneT. dUecñHeKRtUvkarkic©xitxM
RbmUlykR)ak;beBaØIkan;Etl¥RbesIr. ktþaenHGacCYyBYkeKkat;bnßy                          RbwgERbgBIsMNak;raCrdæaPi)al Gñkpþl;CMnYynana nigvis½ymIRkU
éføedImelImUlniFi ehIyGRtakarR)ak;GacFøak;cuHEfmeTot .                                                                        ú U
                                                                                      hirBaØvtßeú dIm,IFana[)anfa RbCaCnkm<CaRKb;rbTTYl)anesvadak;R)ak;
       Bak;B½n§eTAnwgéføedIménmUlniFiEdr KWkarTTYl)anrUbiyb½NÑkñúg                    snSMRbkbedaysuvtßiPaB gayRsYl nigedaymanPaBRbkYtRbECg.
Rsuk. MFIs kt;sMKal;fa tMrUvkarR)ak;km©ICarUbiyb½NÑkñúgRsukman                                          elak Robert Hickson CMnajkarxagR)ak;snSMbeBaØI
eRcIn b:uEnþBYkeKminGacrk)anmUlniFiCarUbiyb½NÑkñúgRsukkñúgGRta nig                         mIRkUhirBaØvtßú nigCaGñkRbwkSaeyabl;énFnaKarGPivDÆn_GasuI
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ykR)ak;beBaØI .                                                                       karBarGñksnSMR)ak;)anl¥ .
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saFarN³Cn Edl)anecjkalBIExFñÚ qñaM 2007 edayFnaKarCati                                neya)ayl¥² EdlkñúgenaHraCrdæaPi)almantYnaTIy:agsMxan;Ca
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GnuBaØat[ MFIs TTYlykR)ak;beBaØI kñúgry³eBlEvg GacnaM[                                km<úCacaM)ac;RtUvyl;eXIjfa MFIs KWCaGtifiCnd¾sMxan; ehIy
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mIRkU\NTanx<s;? CGAP ExkumÖ³ qñaM2009                                                 hirBaØb,TanedayxøÜnÉg.
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b½NÑepSgeTotGacx<s;CagenH . ]TahrN¾ kñúgqñaM 2007 GRtakarR)ak;elIR)ak;kMcICaR)ak;                                                 edIm,ICYyGñkRkIRk (CGAP)
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