Date: 16 July 2020 To: The Cambodia Microfinance Association (CMA) The Association of Banks in Cambodia (ABC) From: The Cambodian League for the Promotion and Defense of Human Rights (LICADHO) Sahmakum Teang Tnaut (STT) Cambodian Alliance of Trade Unions (CATU) Center for Alliance of Labor […]
Tag: MFI
Join Statement: Garment Workers Struggle to Pay Back Debt as COVID-19 Closes Down Factories
June 30, 2020 – Tens of thousands of garment workers in Cambodia will struggle to repay microfinance debts during work stoppages and factory suspensions caused by COVID-19, creating a mounting human rights crisis as they struggle to feed their families and hold onto their land […]
Statement: Suspend MFI Debts and Return Land Titles Amid Covid-19 Pandemic
April 27, 2020 – The suffering of millions of Cambodians who are facing economic hardship due to the COVID-19 pandemic is being amplified by the country’s ongoing over-indebtedness crisis, stemming from more than $10 billion in loans from aggressive microfinance institutions (MFIs). More than two […]