MASERU – THE Covid-19 pandemic, reckless borrowing and conspicuous consumption have left thousands of workers drowning in debt, says the Central Bank of Lesotho (CBL). The CBL called an indaba last week to discuss Lesotho’s household indebtedness, which it said had reached alarming levels. The bank said some families are continually trapped in debt and […]
World Bank: Investigate Cambodia’s Micro-Loans
Coerced Land Sales Linked to Predatory Lending 5 January by
Human Rights Watch
The World Bank Group should investigate alleged coerced land sales and other rights abuses linked to predatory lending and over-indebtedness in the micro-loan sector, Human Rights Watch said today. These longstanding problems have worsened during the economic crisis resulting from the Covid-19 pandemic.
An external report in March 2020, the Microfinance Index of Market Outreach and Saturation (MIMOSA), based on data provided by the World Bank World Bank
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International donors to Cambodia’s micro-loan sector should not be feeding a system that is abusing the rights of highly indebted borrowers struggling during a public health and economic crisis,” said Phil Robertson, deputy Asia director at Human Rights Watch. “