Credit checking company Veda Advantage will build Cambodia's first credit bureau.

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via CAAI

Veda secured the contract in a global tender, competing with the world's top 10 credit checking firms.

It will have a 49% stake in Cambodia's new bureau with the rest owned by the Association of Banks in Cambodia and the Cambodia Microfinance Association.

Veda Advantage managing director John Roberts says the bureau will allow Cambodia's micro-finance sector to borrow money from the foreign banks, which require credit checks.

He says the company is also looking at opportunities in Indonesia, the Philippines and China.