The more I got it, the stronger I am!

Happy Birthday To Me! Best Wishes to Cambodia and the World! (World Cup as Well haha)

Now late for sleeping again!

M so crazy n in love with iPhone 4!!!buy one for me please!

Reading Financial Integration and Development

This morning I went jogging at the stadium.

As usual, many people mostly the mothers

were over there…NO doubt do they have long-life

expectancy than their husbands who could not wake up

because of the previous night drink. Or do they escape

from their husbands? Many kinds of music were played

for the mothers to dance. It costs around 500 riels if

they want to join any group. A good business ne!

I didn’t bring money with me so I danced or did

exercise at the backyard. It’s quite different from before

because not so many young girls especially at my age

join the group or do exercise. I felt strange again

When I arrive here again, there are some

changes but may be not much. The electricity is

better but more small marts and KTVs. More

telephone companies so the price of phones is

cheaper and we can get access to fast internet

with cheaper price.

Weather: it’s so hot very hot

and cloudy.

I have talked with my friend’s brother

and he told me about how capital market is going

to work and I feel that it’s not really liberalized.

(to be continued)

“The Integration of SMEs into Regional Financial Market in Cambodia”

Outline of Dissertation

1. Introduction

1.1   Background of the Study

1.2   Conceptual Framework

1.3   Objectives of the Study

1.4   Significance of the Study

1.5   Definitions and Methodology

1.5.1 Definitions

1.5.2 Data Collection and Sampling Techniques

1.5.2.1 Selection of Research Sites and Household Respondents

1.5.2.2 Data Reference Period

1.5.2.3 Limitations of the Data

1.6   Hypotheses

1.7   Structure of the Thesis

2. Field Research in Cambodia: the Socio-Economic and Regional Context

2.1 Cambodia: The Socio-Economic Context

2.1.1 Geography, Population, and Climate

2.1.2 Economic and Financial Sector Development

2.2 Phnom Penh and Urban Areas

2.2.1 Geography and Population

2.2.2 Economic Development

2.3 Research Sites

2.3.1 The Characteristics of the Research Sites

2.3.2 The Characteristics of the Sample

3. Small and Medium Enterprises in Cambodia

3.1 Description of the SME Sector

3.2 SME’s Contribution to Cambodia’s Economy

3.3 Cambodia’s Regulatory and Legal Framework

3.4 Cambodia’s Policy on SMEs

3.5 SME’s Financial Constraint

4. Financial Structure in Cambodia

4.1 Institutional Characteristics and Finance Technologies of Formal Financial Sector

4.1.1 Commercial Banks

4.1.2 Specialized Banks

4.1.3 Micro Finance Institutions

4.2 Institutional Characteristics and Finance Technologies of Informal Financial Sector

4.2.1 NGOs

4.2.2 Len Shares (ROSCA or Ton Tin)

4.2.3 Pawnbrokers

4.2.4 Moneylenders

4.2.5 Friends and Family Members

4.3 Outreach and Demand Orientation

4.3.1 The Dimensions of Outreach

4.3.1.1 Extent of Outreach: Number of Clients Served

4.3.1.2 Depth of Outreach: Quality of Urban and Rural Clients Served

4.3.1.3 Quality of Financial and Non-Financial Services

5. Vertical and Horizontal Linkage between Formal and Informal Financial Sectors in Cambodia

5.1 Introduction

5.2 Hypotheses

5.3 Overall Aspects of the Formal and Informal Financial Sectors (Literature)

5.4 The Formal-informal Continuum of Financial Institutions (Literature)

5.4.1 The Vertical Linkage

5.4.2 The Horizontal Linkage

5.4.3 The Middle of the Road

5.5 The Financial Linkage: The Evidence from Cambodia

5.5.1 Policy-based Analysis

5.5.2 The Loan-Provision-based Analysis

5.5.3 Adaptation of the Informal Financial Sectors?

5.5.3.1 The Transaction Cost of Formal and Informal Financial Sector

5.5.4 The Trend of Financial Linkage in Cambodia (NBC, Commercial Banks, Informal Financial Sectors (NGOs))

5.6 Summary

6. The Impacts of Formal and Informal Financing on SMEs’ Income in Urban Area

6.1 Introduction

6.2 Hypotheses

6.2 Data Collection

6.3 Methodology

6.4 Empirical Results

6.5 Summary

7. Summary and Policy Conclusions

7.1 Summary

7.2 Policy Conclusions

Living Alone

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The lack of trust and state of intimacy among people in the rural areas, due partly to the civil war, hinders the set-up of self-help groups or any kind of association in Cambodia. For example, my village (my homeland, Chong Beung Knong) is said to consist of various people (Pro Chea Chun Tmey) from different original birthplace after Pol Pot regime. Noticely, we rarely found the local people joining Ton Tin groups. It is such a kind of individualistic social structure which undermine the rural collective power. This problem leads to the disruption of agricultural and financial or even community development in Cambodia. If someone can study more clearly about this social structure of intimacy and relationship for the whole country, it will help a lot!