Wednesday
May 20
2020

Debt ‘Bigger Threat Than Virus’ in Cambodia

By Simon Glover

Deep levels of household debt in Cambodia mean that many garment workers see finding the money for repayments as a bigger threat than COVID-19.

Low paid workers in Cambodia often make use of microfinance institutions (MFI) and it is feared that thousands of laid-off garment workers are reportedly currently struggling to pay back debt.

Photo courtesy of aaron gilson.

Source: Ecotextile (link opens in a new window)

Categories
Coronavirus, Finance
Tags
coronavirus, emerging markets, financial inclusion, financial services, microfinance, poverty