Kraya Commune, Kampong Thom Province – Two months ago, Yim Rom, a villager from a remote area in Kampong Thom province, sold her land to off a paid debt to a microfinance institution.
Rom, 57, who now lives in Soung Sang village in Kampong Thom province’s Santuk district’s Kraya commune, told VOA Khmer that she borrowed $4,200 from a microfinance institution, or MFI, in May last year to buy a tractor.
“But I didn’t buy it. I spent the money on other necessities, like buying rice and food and my child was also sick,” said Rom. A laborer working on the cassava farms, she earns 20,000 Riel (about $5) per day.
© 2018, The Cambodia Daily. All rights reserved. No part of this article may be reproduced in print, electronically, broadcast, rewritten or redistributed without written permission.