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Microloans in Cambodia Are Harming the Poor — The Dial

thedial.world · 4,068 words · saved by 1 readers

And financial lenders are reaping the profits.

The Danger of Microfinance Reporting May 30 Written By Abby Seiff & Sokummono Khan Small loans in Cambodia drown the poor and buoy the rich. MAY 30, 2023 This article is co-published with The New York Review of Books . PHOTO: Khun Salat, sits in her house in Siem Reap, Cambodia. Having taken out a microloan, Salat is currently in debt. She can't afford to own land, so instead lives on a neighbor's property. Credit: Roun Ry. On her bank’s loan sheets Ban Sophear looks like an ideal borrower. At forty-seven, she runs a small business buying fish on the southern edge of Cambodia’s Tonle Sap Lake

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