Industry Body Touts Microloan Restructuring Program, But Provides Little Detail

The Cambodia Microfinance Association (CMA) said Wednesday they had provided some form of relief to 118,000 borrowers, amid the novel coronavirus-induced economic slowdown, though providing little detail of the actions taken.

In a statement issued on Wednesday, the CMA said that 137,000 people had requested for loan relief and 118,000 had been provided relief in the form of loan restructuring, interest payment deferrals or postponement of all payments.

There was no breakdown or details of exactly what relief had been provided, only that $488 million in loans had received some form of relief.

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