Viewing entries tagged
microfinance
In Singapore, we may have more financial capital, but here in Cambodia it seems they possess more of the other capitals. It seems pretty funny to me how we, considered by some definitions a more developed country, “progressed” when really we are merely exchanging one type of capital for another.
As I think back, I am not too clear on why as to I decided to go on an OCIP trip like this – was it to confirm my cynical criticisms on volunteerism or a subconscious desire to prove myself wrong? Whichever the case, I don’t think I’m regretting it.
Phnom Penh is a city littered with microfinance institutions. I often fear that social entrepreneurship has become too top-down in its approach, weighed down by fancy jargon. But at OBCR, the average turnaround for a loan is just one week, from application to issuance.
