The Impact of Microcredit Program on Cambodia

Abstract

In order to explore the present development of Microcredit, the actual value to natives and future challenges microcredit faces in Cambodia, survey data, qualitative researches, and field experience have been utilized. The present stage and recent development of Microcredit in Cambodia were analyzed based on the survey data and statistical data. Throughout the research, I went to Cambodia and interviewed Cambodians about their real reflection under the local microcredit program. Survey data reveal that the usage of Microcredit in Cambodia has increased rapidly and continued to have a steady upward trend. Through the personal interview, we can find a positive reflection about microcredit programs’ improvement in native’s daily lives. However, the future development of microcredit organizations will not be plain sailing because the potential problems may emerge over time. Despite the deficiencies in the research process, this paper produces a detailed reflection of Microcredit’s impact on Cambodia and its future development, which has essential research significance.