Microfinance in Cambodia: When Microloans Do More Harm Than Good

Millions of Cambodians rely on microloans to survive, even though the practice drives many of them further into poverty. Some of the money given out to poor farmers comes from Germany, yet Berlin refuses to acknowledge there is a problem.

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Author: Spiegel.de

Spiegel Online (SPON) is one of the most widely read German-language news websites. It was founded in 1994 as the online offshoot of the German news magazine, Der Spiegel, with a staff of journalists working independently of the magazine. Today, Spiegel Online is the most frequently quoted online media product in Germany. Spiegel Online International, a section featuring articles translated into English, was launched in autumn 2004.