Human and Hope Association, Microfinance

Microfinance in Cambodia

Microfinance has issues. I know it can be very effective for some communities, but there are also lots of challenges in Cambodia, with more than 2.6 million borrowers owing loans of more than USD$10 billion. This has caused me to reflect on Human and Hope Association’s own microfinance program, which we began planning in 2013. A friend of mine had raised the USD$1,500 we needed to begin the program, and one of our Khmer friends who had previously run a microfinance program at a  ...

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