THE largely empty shelves and relative quiet yesterday in Cash-U-Up, a
pawn shop at PGCT Center on Phnom Penh’s Street 274, betrays what has
become a thriving business in the few short months since it first
opened.
Between last August and now, the company has managed to
grow its loan portfolio to US$1 million, and management is shooting for
between $3 million and $4 million by the end of 2011.
Those are
strong numbers for an industry that became licensed in Cambodia only in
2010. Cash-U-Up was the fourth pawn shop to be licensed in the Kingdom.
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