Microfinance institutions should temporarily lower their interest rates, waive loan repayments and defer property foreclosures for the next six months in order to ease the burden on families affected by recent flooding, the op*position CNRP said Thursday. Thousands of families across the country are struggling to repay loans as a result of the devastation to their livelihoods caused by the floods, CNRP lawmaker-elect Mu Sochua said at a press conference at the party’s headquarters. “Taking into consideration the effect of the stress of indebtedness and the threat of the removal of valuable assets from vulnerable people, it is
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