‘Strangled by debt’: Coronavirus deepens Cambodia’s loan crisis ...Qatar

Gulf Times - News
‘Strangled by debt’: Coronavirus deepens Cambodia’s loan crisis
Trapped under a mountain of crippling debt, Cambodian farmer Roeurn Reth fears she will have to sell her land to repay microfinance loans that have ballooned due to pandemic-spurred job losses in her family. What started as a $3,000 sum from a loan shark for her son’s wedding has now grown to about $7,000, she says – the result of additional financial needs that have cropped up. Her sons – who crossed illegally into neighbouring Thailand – previously sent money home to help with repayments, but they are now out of work. “Because of Covid, we could not find jobs...and my sons do not have money,” she tells AFP tearfully, outside her modest home in northern Siem Reap province. “Now, I cannot c

Hence then, the article about strangled by debt coronavirus deepens cambodia s loan crisis was published today ( ) and is available on Gulf Times ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( ‘Strangled by debt’: Coronavirus deepens Cambodia’s loan crisis )

Apple Storegoogle play

Last updated :

Also on site :