Cambodian Microfinance Group Rejects NGOs’ Call For Debt Relief, as Workers Struggle Amid Coronavirus Shutdowns

An organization set up to support Cambodia’s microfinance sector has rejected a call by NGOs for a blanket suspension of the repayment of loans made to Cambodians hard hit by recent business shutdowns amid the COVID-19 pandemic, saying requests for relief must be considered on a case-by-case basis.

Writing in a joint letter, 135 Cambodian community organizations and other groups have asked the Cambodia Microfinance Association (CMA) to halt for three months demands for repayment by the more than two and a half million Cambodians who now hold microloans.

These demands have now put the livelihood and land security of loan holders at risk, the letter says.

In full: https://www.rfa.org/english/news/cambodia/debt-04292020182949.html

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