Adam Kogeman, KF10, Cambodia
Lend to a borrower in Cambodia and you’re making a sound investment. Aside from exhibiting extremely low loan default rates, Cambodian Kiva borrowers are clients of well-established and well-run microfinance organizations. They live in a country that enjoyed double-digit economic growth for much of the past decade, doubling per-capita income in the process. While praising the benefits of this growth in alleviating poverty and improving quality of life here, in 2009 the World Bank cautioned that this growth is “unlikely to be sustainable in...
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