A lending alternative to MFIs
Oxfam said it will expand its savings-led community-lending model in Cambodia as an alternative to traditional credit-based microfinance services, which it says are ineffective in reaching the Kingdom’s poorest. Oxfam’s Saving for Change project, which trains rural communities to form savings groups, now has $5 million in capital, with over 100,000 members, mostly women, in 6,000 groups across the country. … Oxfam says its venture is projected to jump to over $9 million by 2019 and increase its member base to 170,000 – a drop in the bucket compared to Cambodia’s deposit-taking MFIs, whose collective portfolio reached $897 million at the end of 2014. …
Charles Rollet
http://www.phnompenhpost.com/business/lending-alternative-mfis
