Prime Minister Hun Sen warned micro finance institutions that provide loans to people without adequate conditions and seized yogurt land.
In the morning of 14 March 2016, Prime Minister Hun Sen has warned heavy companies to micro finance institutions in Cambodia that business loans to people with no conditions correctly and land grabbing people by claiming that citizens have debt or no money built enough. He said this at the National Conference on the development of the micro finance sector in the country 10 years after the anniversary of the Cambodian government announced on micro finance policy in 2006 to reduce poverty and encourage citizens to borrow money for a business venture.
In the ceremony, Prime Minister Hun Sen also appreciated all the micro finance institutions in Cambodia, which has contributed in the development of the country and provided as collateral for loans, people can create a business or working for a living amid miserable.
However, their mere bourgeoisie owner including grinning sensitive government almost always confiscated land throughout the country due to micro-loans and falsifying documents to confiscate property yogurt citizens. Related to falsifying documents and receiving documents not legally, Mr. Hun Sen said that «ago organizations or micro finance institutions, a number of paying residents to borrow without any conditions sufficient only time people did not have money to pay, that is seized property, land or house, etc. seem to have a plan for taking advantage of citizens. '
Prime Minister Hun Sen and called for all MFI Agency will stop the drift and beyond this institution does not protect those who violates.
Despite call of Prime Minister Hun Sen, so Tribunal officials in charge most of the government always protects companies to confiscate Philadelphia grabbing citizens openly and not have top officials claimed to solve a land dispute those citizens, and, moreover, although citizenship, they have marched provincial to put in the National Assembly and the House, the Prime Minister, the issue of those still stranded and parties such company still grabbing citizens stand.
The problem exculpatory debt Meanwhile, Prime Minister Hun threatened officials, politicians or representatives who dare to openly resolution on residents by promising to eliminate the debt after its elected he will be ordered to arrest on the spot as well, he added that that it is wrong to regulations finance. He added that this is dangerous for people who have been deceived by those companies in which he has ordered relevant ministries and officials in charge monitoring company called them and discuss some of the topics on the issue, including micro-finance
Ability to use and access to financial services
The lending inside and outside the system
Financial literacy and consumer protection
Mobile banking opportunities and challenges
The role of micro finance in social and environmental activities.