Microfinance updates?

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Tom G Baal
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Microfinance updates?

Post by Tom G Baal » Mon Mar 26, 2018 3:02 pm

It's been nearly a year since the microfinance rate cap went into effect. Has anyone seen a rate drop at their institution of choice since last April?

Vision is the only place I've deposited outside of my bank, and I neglected to write down what other institutions were offering last year. Any problems or concerns of insolvency ahead?
bangkokhooker
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Re: Microfinance updates?

Post by bangkokhooker » Mon Mar 26, 2018 3:04 pm

Is your question related to if and when there’s a crisis of some sorts within Cambodia? If the MiFi collapse then that’ll be the least of your problems.

Google the other institutions to see their latest rates.
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armchairlawyer
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Re: Microfinance updates?

Post by armchairlawyer » Mon Mar 26, 2018 3:26 pm

Interest rates on fixed deposits have declined slightly. Interest rates on demand deposits have decreased a lot. Hatha and Sathapana have been taken over by foreign banks. The word seems to be that the bigger institutions will be fine.
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timmydownawell
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Re: Microfinance updates?

Post by timmydownawell » Mon Mar 26, 2018 4:04 pm

As much as I'd like to earn 8% on a term deposit, I can't reconcile that with the exploitation of the people borrowing money from these companies at such extortionate rates.
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