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| | PPP 15/23: Flaws seen in microfinance treatment of the very poor |
 | | Padek's study found that the poor demand credit that is flexible in both loan use and repayment terms, and can also accommodate emergency situations (illness, food deficit, etc) that they often face. |
 | | Padek recommends that the RDB and other national financial institutions urgently need to provide some form of subsidized credit (lower interest rates, flexible repayment terms, etc) for the poor if they are serious about reducing poverty and meeting the MDGs. |
 | | For over a decade, Padek and other members of the Cambodian Community Finance Network (CCFN) have been facilitating communities to work together to address their credit needs, in the form of self-help groups, rice banks and village banks, all around the country. |
| www.phnompenhpost.com /TXT/letters/l1523-1.htm (1155 words) |
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