I need to know if loan sharks that the locals have to go to as a last resort have to abide by the new 18% rule brought in by the government. I have had another lass ask me for help. Mother sick, cost $200 for hospital, no chance in hell of ever being able to earn that in a short time, resort to the loan shark, already the amount extra she has to pay back is up to $40 in just two months. Should be $36 for a year. The last one I helped was $50 for 10 days on borrowing $200, I didnt want to be snared in to looking after her mother for 12 months like the last one so I asked her to find some one who could be interpreter for herself. I needed to know more about the mother illness before committing myself but she misunderstood me and took it as a no and I didnt see her for two months as these girls have to keep moving around, especially ones with a child, there not snapped up like the cuties are. Now that the interest meter is ticking over every two weeks she has asked me again.
I have looked on the internet for a NGO that could help me with this but of the hundreds there they all seem to want to help farmer improve their crops. I need to find a NGO with experience of how the system works to learn how to find a NGO that works in this area. Even a NGO to provide an interpreter service and get her mother on the 'ID card for the poor' would be a help. Anybody that knows what to do could they PM me, thanks.
Finding the right NGO
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No they don’t.
They aren’t registered as lending institutions so therefore don’t have to follow the same regulations.
That isn’t to say that they are legal. I’d suggest going down the ‘it’s against the law route’ isn’t the best approach.
Looking online for an NGO isn’t the way to do it.
If you desperately want an NGO to help then go to her neighbourhood and walk around until you see an NGO sign. Go and have a chat with them.
Unless she is already is participating in one of their programs I can’t see them being willing to fork out cash to sort out the situation.
They aren’t registered as lending institutions so therefore don’t have to follow the same regulations.
That isn’t to say that they are legal. I’d suggest going down the ‘it’s against the law route’ isn’t the best approach.
Looking online for an NGO isn’t the way to do it.
If you desperately want an NGO to help then go to her neighbourhood and walk around until you see an NGO sign. Go and have a chat with them.
Unless she is already is participating in one of their programs I can’t see them being willing to fork out cash to sort out the situation.
walk around until you see an NGO sign
Been here since before golden shower mall was a cop shop and there was no tarmac left on the street around walkabout but never seen a sign for a NGO.
Been here since before golden shower mall was a cop shop and there was no tarmac left on the street around walkabout but never seen a sign for a NGO.
“I didnt want to be snared in to looking after her mother for 12 months like the last one..”
Last what? Boyfriend, mother, last time she got sick?
Last what? Boyfriend, mother, last time she got sick?
pew, pew, pew, pew!
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You are probably right. There are hardly any NGOs here.Ouch wrote:walk around until you see an NGO sign
Been here since before golden shower mall was a cop shop and there was no tarmac left on the street around walkabout but never seen a sign for a NGO.
You don't necessarily need an NGO (although they might be more flexible) you need any micro-finance institution that will refinance her at a lower rate.
https://www.nbc.org.kh/english/supervis ... utions.php
https://www.nbc.org.kh/english/supervis ... utions.php
It's interesting that even though there are a lot of NGOs around (supposedly) it's not always that easy to find one that helps with a particular problem being addressed by people living here. I had this a few months ago when someone I knew had a domestic violence case.
I would suggest just calling to some NGO that seems to have a related mission. And they could probably refer you to another NGO. It might be a little challenging if you don't speak Khmer as they may not be able to understand what you want.
I would suggest just calling to some NGO that seems to have a related mission. And they could probably refer you to another NGO. It might be a little challenging if you don't speak Khmer as they may not be able to understand what you want.
According to this article, moneylenders have to register if they have more than $25k in their loan portfolio. But enforcement is no doubt a big issue.
http://www.phnompenhpost.com/unofficial ... registered
http://www.phnompenhpost.com/unofficial ... registered
"You are probably right. There are hardly any NGOs here."
You forgot the jesting emoji Theres thousands on the net, Its finding the right one that I am asking for.
1984 "You don't necessarily need an NGO (although they might be more flexible) you need any micro-finance institution that will refinance her at a lower rate."
No chance micro finance would take her on, singer in a beer garden, has a child, relies on retainer, dont know how much that is but most are on $80, $90 a month, and tips but with a child there are few tips.
palm_tree "I had this a few months ago when someone I knew had a domestic violence case."
This is more like I am after, its a 'civil' matter rather than increase the farmers lot matter. If you dont want to name the NGO on here could you send me a PM.
I would suggest just calling to some NGO that seems to have a related mission. And they could probably refer you to another NGO.
This is what I asked for above, I dont know where to start.
According to this article, moneylenders have to register if they have more than $25k in their loan portfolio. But enforcement is no doubt a big issue.
I think most loan sharks in the provinces would fly under the radar, it would be impossible to regulate them in the small communities. They would be the local gar station, shop owner in their community that the locals have to turn to in times of trouble.
But what could a NGO like ADHOC or LICADHO do for the lass, could they bluff the the loan sharks into capping the interest rate at 18%.
But enforcement is no doubt a big issue.
It's good news but that article dont say where to go if one has a problem with a loan shark. Like the 'ID card for the poor', the locals dont know that it exists and dont know where to to get on the program.
You forgot the jesting emoji Theres thousands on the net, Its finding the right one that I am asking for.
1984 "You don't necessarily need an NGO (although they might be more flexible) you need any micro-finance institution that will refinance her at a lower rate."
No chance micro finance would take her on, singer in a beer garden, has a child, relies on retainer, dont know how much that is but most are on $80, $90 a month, and tips but with a child there are few tips.
palm_tree "I had this a few months ago when someone I knew had a domestic violence case."
This is more like I am after, its a 'civil' matter rather than increase the farmers lot matter. If you dont want to name the NGO on here could you send me a PM.
I would suggest just calling to some NGO that seems to have a related mission. And they could probably refer you to another NGO.
This is what I asked for above, I dont know where to start.
According to this article, moneylenders have to register if they have more than $25k in their loan portfolio. But enforcement is no doubt a big issue.
I think most loan sharks in the provinces would fly under the radar, it would be impossible to regulate them in the small communities. They would be the local gar station, shop owner in their community that the locals have to turn to in times of trouble.
But what could a NGO like ADHOC or LICADHO do for the lass, could they bluff the the loan sharks into capping the interest rate at 18%.
But enforcement is no doubt a big issue.
It's good news but that article dont say where to go if one has a problem with a loan shark. Like the 'ID card for the poor', the locals dont know that it exists and dont know where to to get on the program.
There aren't really NGOs doing this because the only thing that can be done is purchase the debt off the loan shark. Given that there's zero documentation how do you prove it's a genuine debt? Should they just hand her $200 and hope she sticks with th repayment plan? If she moves around a lot, how would they get their money back? Does an NGO want to start being a debt collector and all that entails?
It's a shitty mess and the only occasions I've got involved I've just paid off the debt and written it off. I haven't done it often but in the end, if you care and can afford it and believe her, just pay the $200.
It's a shitty mess and the only occasions I've got involved I've just paid off the debt and written it off. I haven't done it often but in the end, if you care and can afford it and believe her, just pay the $200.
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