Dear Milton, i have seen evidence of this happening in Uganda but do not know how frequently it occurs nor level of planning behind it. it is worth investigating further as i have also found creditors can legally incarerate defaulters. I am doing a multi country study now with Global Alliance for Legal Aid and law firm Mayer Brown
Best
Jami
On Wednesday, March 16, 2016, milford bateman milfordbateman@yahoo.com [MicrofinancePractice] <MicrofinancePractice@yahoogroups.com> wrote:
On Wednesday, March 16, 2016, milford bateman milfordbateman@yahoo.com [MicrofinancePractice] <MicrofinancePractice@yahoogroups.com> wrote:
ColleaguesI am working on a paper looking at the very high level of microcredit over-indebtedness in Cambodia. Things are extremely bad, as I'm sure some of you know. However, in the course of my research several of my confidential informants also told me about the extensive land grabbing that is going on in Cambodia (now being extended into Myanmar too, apparently) with the help of microcredit and directly facilitated by leading microcredit institutions. This is, of course, a version of 'debt farming' - the technique of extending obviously unrepayable microloans to the poor in certain regions and then hoovering up their land titles when they are forced into the inevitable default before bundling these titles up for sale to the property developers. I've looked at the literature and in lots of other places, but there is little firm detail on this aspect, only hints that something is going on. However, just now the Cambodian government has come out and accepted that this issue is indeed a serious problem:I know that many of the leading microcredit institutions routinely accept land titles as collateral (for example, ACLEDA accepts land titles on as much as one 1 in 3 of its loans), and I know that several of the leading microcredit institutions appear to have accumulated quite extensive land portfolios, but they all, predictably, refuse to respond to my and colleagues enquiries as to what they are doing and how and why. If anyone working in Cambodia has any other data or information on what is going on there with regard to this potentially very important issue, do drop me a line.Milford Bateman
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Posted by: Jami Solli <jamisolli@gmail.com>
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