When There Was No Money

Building ACLEDA Bank in Cambodia’s Evolving Financial Sector

  • Heather A. Clark

Table of contents

  1. Front Matter
    Pages I-XX
  2. Introduction

    1. Pages 1-8
  3. Heritage

  4. Discovery

    1. Pages 37-39
    2. Pages 53-70
    3. Pages 71-85
  5. Velocity

    1. Pages 89-93
    2. Pages 115-136
  6. Odyssey

    1. Pages 139-140
    2. Pages 167-196
  7. Momentum

  8. Back Matter
    Pages 241-257

About this book


The largest retail branch bank network is built in one of the most formidable environments in the world. This book takes the journey from Year Zero to the present, tracing the trials and triumphs of a group of people as they built an employment generation project for demobilized soldiers in 1992 into the largest commercial retail bank branch network in Cambodia by 2003. Along the way they influenced the nation’s financial system and stimulated a banking industry that serves poor and low-income people. The book offers a tantalizing analysis of events, organizational dynamics and a business model that incorporates profit and purpose. It examines the transition from the microfinance field that is jealously guarded by donors to a breakthrough response of commercial banking for the people.


Banking Banking Industry Banking System Cambodia Finance Financial Sector Microfinance Microfinance Market

Authors and affiliations

  • Heather A. Clark
    • 1
  1. 1.AlburquerqueUSA

Bibliographic information

  • DOI
  • Copyright Information Springer Berlin · Heidelberg 2006
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Business and Economics
  • Print ISBN 978-3-540-28876-3
  • Online ISBN 978-3-540-28877-0
  • Buy this book on publisher's site