PHNOM PENH - Prime Minister Hun Sen is calling on banks and other lending institutions not to pressure people who have fallen victim of the latest round of devastating flooding.
At least 168 people were killed in the flooding, which affect 20 provinces and cost an estimated $50 million in damage in recent weeks.
In a letter issued Friday, Hun Sen called on banks and microfinance lenders to be lenient with borrowers, and consider further lending to help with flood recovery.
An estimated 1.5 million families benefit from such lending.
On Thursday, Cambodia National Rescue Party official Mu Sochua suggested that lenders suspend interest accumulation for flood victims for up to a year to help them recover.
Bun Mony, head of the Association of Microfinance Institutions, said lenders will consider the proposals.
At least 168 people were killed in the flooding, which affect 20 provinces and cost an estimated $50 million in damage in recent weeks.
In a letter issued Friday, Hun Sen called on banks and microfinance lenders to be lenient with borrowers, and consider further lending to help with flood recovery.
An estimated 1.5 million families benefit from such lending.
On Thursday, Cambodia National Rescue Party official Mu Sochua suggested that lenders suspend interest accumulation for flood victims for up to a year to help them recover.
Bun Mony, head of the Association of Microfinance Institutions, said lenders will consider the proposals.
