Tuesday
September 3
2019

NGOs to be Grilled Over MFI Report in Cambodia

By Taing Vida

The National Bank of Cambodia and government yesterday cast doubt on a recent NGO report on microloans, demanding that those behind the critical claims provide evidence to support them in a closed-door meeting.

The demand follows a report by Licadho and Sahmakum Teang Tnaut on August 7 that stated more than two million Cambodians held a total of $8 billion in outstanding microloans, about one-third of the Kingdom’s gross domestic product.

The report featured seven case studies of abuse, chosen from 28 MFI clients. The interviews were conducted in 10 communes in the provinces of Kandal, Kampong Cham, Tboung Khmum, Prey Veng and the city of Phnom Penh.

Photo courtesy of aaron gilson.

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

Categories
Finance
Tags
emerging markets, MFIs, microfinance, microlending