Coming into my fellowship, I was quite aware of some of the challenges of running microfinance operations. I knew that interest rates from certain microfinance institutions can be too high for borrowers to sustain repayments and that it takes a lot of manpower to disburse loans, perform loan assessments, and conduct verifications. But I only...Continue Reading >>
Stories tagged with Cambodia
The hope, it seems, is that when we start earning money we’ll be able to spend it wisely, save it and even invest it.
Some of us are more successful than others.
The point is that handling personal finances... Continue Reading >>
The Khmer Rouge era in Cambodia is still fresh in the collective memory of this country. Few other places have seen the very fabric of society ripped apart so thoroughly in such a short period of time. In the wake of the Khmer Rouge and a protracted civil war that lasted until 1993, an... Continue Reading >>
In a country with approximately 20% of the population living on less than 1 dollar per day, and over 80% rural, how do you define and target the more “vulnerable” groups? This is the challenge faced by the Vulnerable Services Unit at KREDIT Microfinance Institute, Kiva’s oldest field partner in Cambodia.
One way to create the parameters of this definition is to focus on borrowers and... Continue Reading >>
Ever since I found out I was accepted to the Kiva Fellows program, I've felt very fortunate. Fortunate to volunteer with an organization that does incredible work in the mission to alleviate poverty. Fortunate to be based in Hanoi, Vietnam, one of my top choices for country placement. Fortunate to spend three weeks in Cambodia (prior to Vietnam) in order to interview actual borrowers and hear about the...Continue Reading >>