MFIs downplay debts
Two of the leading microfinance institutions (MFIs) in Cambodia said yesterday that they have identified a relatively small fraction of borrowers who were affected by flooding and would provide relief on their repayment schedules if necessary.
The comments come after both Prime Minister Hun Sen and members of the opposition Cambodia National Rescue Party called on MFIs to do more to help ease the financial burden of the indebted amid destruction wrought by flooding. …
Loans at Cambodia’s 35 microfinance institutions reached close to $1.2 billion at the end of September, according to recent data from the Cambodia Microfinance Association. It is estimated that about 30 per cent of loans are for agricultural production. …
Hor Kimsay
http://www.phnompenhpost.com/business/mfis-downplay-debts
