Ease Flood Victims’ Debts, Hun Sen Tells MFIs
Prime Minister Hun Sen has called on microfinance institutions to reduce interest rates and expand repayment periods for the tens of thousands of families affected by last year’s devastating floods. Addressing microfinance institutions (MFIs) on Tuesday during a conference at the Ministry of Rural Development, Mr. Hun Sen said that there was growing concern that flood-affected areas are becoming mired in debt. “I would like…to appeal to all microfinance institutions, including loan-service providers that are not microfinance institutions…please reduce interest rates,” he said… By Paul Vrieze and Hul Reaksmey, P.1
