MFI are looking for help from Ministry
Before the local elections, National Bank of Cambodia had declared “microfinance industry to cap interest rates on new and refinanced loans at 18 percent a year starting April ”.
For this issue, some MFI may face risks so they need help from the government and ministry.
Mr Bun Mony, adviser of CMA says “ The minister assured us that he will form a joint committee to help resolve any issues that may damage the sector’s ability to provide small loans also agreed that he will intervene on some tax matters”
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(This post is originally from Post Khmer/Phnom Penh Post)