Posted on October 10, 2008 - by lincolnw

Cambodia: MFI’s Fear Cash Drought

Cambodia’s micro-finance institutions (MFIs) say lower foreign investments in the wake of a global financial meltdown will affect their ability to meet lending targets.

“We will not … reach our target number of customers, but we hope to meet more than 80 percent of customers’ [credit] needs,” Hout Ieng Tong, chairman of the Cambodia Microfinance Association, told the Post Tuesday.

He said steady loan repayments should limit the impact of market turbulence in the United States and the European Union by partially funding new loans…{click here to read the rest of this article}