As lenders enjoy profits, more than 100 civil society groups call for government action to suspend loan repayments for stressed borrowers

Microfinance institution LOLC's office in Phnom Penh, April 6, 2021. CamboJA/ Panha Chhorpoan

On Tuesday, 103 non-governmental organizations, farmer communities, associations and worker unions publicly called on the government to direct financial institutions to suspend all loan repayments and interest accrual for at least three months, saying that loan restructure is not enough.

Gov’t asks property developers to defer payments for borey, condominium owners

A man walks past houses in a Phnom Penh borey on March 23. CamboJA/Panha Chhorpoan

The Ministry of Economy and Finance and the National Bank of Cambodia have asked property developers and financial institutions to show leniency towards people struggling to repay their installments.