Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Blueprint blues

Blueprint blues

The Cambodian Community Finance Network and the Canadian Cooperative Association

have criticized the government's draft Financial Sector Blueprint 2006-15, released

in August.

They say the draft misses a major opportunity to strengthen village economies through

community finance, because it declares the commercial banking sector to be the only

reliable source of community microfinance, sidelining local savings options,

The two groups say many rural Cambodians save at home because they are intimidated

by the commercial banking sector's microfinancing delivery channels.

Their research suggests that about US$60 million a year is lost by rural households

saving money at home, due to factors such as water and insect damage of cash and

jewellery and loss of livestock.

The release says promotion of village-level microfinancing would make structured

saving more accessible to rural people, helping to rescue them from the poverty trap.

0

Comments

Please, login or register to post a comment

Latest Video

Phnom Penh eats: Homegrown veggies at Bayon Beoung Snor

​Nestled along National Road 1, Bayon Beoung Snor is a farm-cum-restaurant. The team grows their own vegetables, which they then use to whip up traditional Khmer food.

Bill Clough reflects on The Phnom Penh Post's 25 year history

The Post's publisher Bill Clough, under whose leadership the publication went from a fortnightly to a daily one, discusses his investment in Cambodia, his vision for the paper in an increasingly digital age,

People search for their names on the voter lists at a polling station in Kampong Cham’s Veal Vong commune earlier this month.

Four years ago, when the opposition snatched Kampong Cham away from the ruling party in 2013 national elections, it hinted at a deeper shift taking

Comfrel Executive Director Koul Panha speaks to the press at a meeting yesterday in Phnom Penh.

As the National Election Committee launched into the recount proc