Kraya Commune, Kampong Thom Province – Two months ago, Yim Rom, a villager from a remote area in Kampong Thom province, sold her land to off a paid debt to a microfinance institution.
Rom, 57, who now lives in Soung Sang village in Kampong Thom province’s Santuk district’s Kraya commune, told VOA Khmer that she borrowed $4,200 from a microfinance institution, or MFI, in May last year to buy a tractor.
“But I didn’t buy it. I spent the money on other necessities, like buying rice and food and my child was also sick,” said Rom. A laborer working on the cassava farms, she earns 20,000 Riel (about $5) per day.
Read the full story: https://www.voacambodia.com/a/the-debt-trap-there-is-no-hope-my-income-all-goes-to-the-bank/4605988.html
