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.
Prime Minister Hun Sen ordered local officials to crack down on illegal gambling in villages. MFIs said they will conduct their own study in response to a German microloan survey.
A large public survey of rural Cambodian households commissioned by the German government to investigate microloans found over-indebtedness, pressure to sell land and aggressive door-to-door marketing, and calls for phasing out public funds from the sector.
More than 1,000 constructions have been left unfinished in Preah Sihanouk province, said provincial officials. Sihanoukville, in particular, was in recent years the epicenter of a nationwide construction boom.
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