Land loss and debt: the bottom line for misleading microloans

Protected indigenous property and forests have become illegal collateral for Cambodian microlenders as institutional investors remain misinformed.

Credit officers called Kamblor Sanok every day for three weeks to demand he pay back his loans.

The employees of the PRASAC Microfinance Institution Plc. repeatedly warned Sanok he had lied about his ability to pay by his March deadline. As the constant phone calls and intimidation continued, Sanok could not sleep.

“There is a fire in my head, like my brain is overheated and ready to explode,” Sanok said.

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