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
