Analysis of MFIs and MDIs in Cambodia
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rubberbaron
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Analysis of MFIs and MDIs in Cambodia
That sector has become a favorite target of some NGOs claiming that predatory lending combined with loss of income and possibly farm land drives a lot of Cambodians into poverty. Some people on this board and elsewhere even paint a doomsday picture not only for this sector but banks in Cambodia in general when the real effect of the Corona crisis will hit next year. Going by more astute reports by the IMF, Asian Development Bank, etc., however, there is a silver lining on the horizon with growth forecast at about 2%.
For an in-depth analysis of that sector read this: https://www.phnompenhpost.com/special-r ... ce-sector
As for high interest rates I know of at least 2 banks that charge 24% p. a. on microloans: Union Commercial Plc and Aeon Specialized Bank Plc., so well over the 18% mandated for MFIs/MDIs.
For an in-depth analysis of that sector read this: https://www.phnompenhpost.com/special-r ... ce-sector
As for high interest rates I know of at least 2 banks that charge 24% p. a. on microloans: Union Commercial Plc and Aeon Specialized Bank Plc., so well over the 18% mandated for MFIs/MDIs.
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