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Cambodia's Micro-credit Trap
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Cambodia's Micro-credit Trap

Our Correspondent
May 23, 2011
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Cambodia's Micro-credit Trap
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Roaming the streets as a motorcycle taxi driver in Dangkao district on the edge of Phnom Penh, Ek Sovannara is lucky to earn US$2.50 a day. But his aspirations once stretched much further.

In 2005 he was presented with an opportunity to borrow US$500 from Credit Microfinance Institution, a firm established by the Christian charity World Relief US in 19…

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