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‘Like Using a Wall to Stop a Runaway Bus’: Cambodian Microcredit is Overheated, But Rate Caps Aren’t the Answer
Daniel Rozas says a proposed interest rate cap of 18 percent on most new microloans in Cambodia will, if enforced, hurt the very people it ostensibly seeks to protect. Taking issue with a recent post by Milford Bateman, Rozas argues the cap would create a clear preference for certain types of lending and could heighten problems created by Cambodia's saturated microcredit market.
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