Microfinance Mouthpiece 60 Decibels Drops Case for Defense of Cambodia

Quick Summary:

The microfinance industry's own boosters are struggling to put a positive spin on the country's debt crisis.

It says that there are now more than 7,000 microfinance institutions worldwide, yet 56 percent of clients report that their current provider was the first to offer the loan services they are now using.

The microfinance market in Cambodia “has grown aggressively and, it appears, may be over-saturated,” said Pranav Sridhar, head of sales for Europe and Asia at 60 Decibels.

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Article Details

Author / Journalist: David Whitehouse

Category: Economy

Markets: United StatesCambodiaChinaIndiaJapanNorth KoreaSouth KoreaKyrgyzstanMyanmar

Topics: Borrowers Cambodia Industry Percent Cambodian Microfinance Licadho Land Developing Says Decibels

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-17 @ 14:35:00 (6 days ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 2149 words

Reading Time: 12 minutes read

Sentences: 103 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 23780035

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