Friday
September 6
2019

NGOs Ordered to Retract Report Critical of Microfinance in Cambodia

By Khuon Narim

The government yesterday ordered two NGOs to retract a critical report on the negative impacts of microloans after summoning their representatives for a meeting to defend their research.

The report, published last month by Licadho and Sahmakum Teang Tnaut, featured seven case studies of abuse chosen from 28 microfinance institution clients.

According to the report, two million Cambodians held a total of $8 billion in outstanding microloans. It said the amount is equal to about one-third of the Kingdom’s GDP.

Photo courtesy of Rory.

Source: Khmer Times (link opens in a new window)

Categories
Finance
Tags
emerging markets, microfinance, microlending, NGOs