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Microfinance was meant to help the world s poor, but in Cambodia, it s plunging people deeper into debt

Microfinance was hailed as a way to change the lives of hundreds of millions of people without access to credit. It worked so well that Grameen Bank founder Muhammad Yunus was awarded a Nobel Prize. But then, banks jumped in to get in on the profits. To manage high debt levels, Cambodians are migrating for work, eating less and even pulling their children out of school.

New study finds that microfinance is exacerbating climate precarity and harm in Cambodia

New study finds that microfinance is exacerbating climate precarity and harm in Cambodia
phys.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phys.org Daily Mail and Mail on Sunday newspapers.

MICROFINANCE PAPER WRAP-UP: Microfinance, Over-indebtedness and Climate Adaptation: New Evidence from Rural Cambodia; by Vincent Guermond et al; Published by Royal Holloway, University of London

MICROFINANCE PAPER WRAP-UP: Microfinance, Over-indebtedness and Climate Adaptation: New Evidence from Rural Cambodia; by Vincent Guermond et al; Published by Royal Holloway, University of London
microcapital.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from microcapital.org Daily Mail and Mail on Sunday newspapers.

How women are leading the charge in emerging tech

New Delhi [India], February 24 (ANI/Mediawire): Global software and technology consultancy Thoughtworks has always been a leader in bridging the gender divide

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