equitable cambodia
Members of Cambodian youth group Khmer Thavrak protest outside the offices of Prasac and AMK, two of the country’s largest microfinance lenders, in Battambang province on May 9, 2020 (Licadho)

Three NGOs Allege Investor Ignored Own Evidence of Microfinance Abuse

Three human rights organizations have filed a complaint against a Netherlands-based microfinance investor on the grounds that it violated international responsible business standards and for years ignored its own evidence of harms linked to predatory lending practices.

Bank and microfinance institution offices in Phnom Penh (Matt Surrusco)

World Bank-Linked Watchdog Accepts Complaint on ‘Reckless’ Microloans

The watchdog group within World Bank sister organization International Finance Corporation (IFC) will assess a wide swath of the Cambodian microfinance sector after accepting a complaint alleging these lenders’ practices have caused social harms, civil society groups announced today.