Archive for April 4th, 2012

Cambodia’s Rice Banking System

Posted on Wednesday, April 4th, 2012 at 1:08 pm

By Moire O’Sullivan, Assistant Country Director Programs, Concern Worldwide Cambodia

Today, Dok Sareth went to the bank. He came home with a bag of rice.

“Before the rice bank was set up, I had to borrow rice seed to plant my rice crop,” Sareth told me on a visit to his village.  “Every time I borrowed, I had to repay the loan with a 100 percent interest rate.  Now because of the rice bank set up with Concern’s support, the villagers can help each other and the interest rate is much more affordable.  It has made a huge difference to my life and I am extremely grateful.”

Local farmer Dok Sareth proudly shows off his rice bank. Conor Wall / July 2011 / Pursat, Cambodia

The people who Concern works with in Cambodia depend heavily on rain-fed rice production for their income. They are rural farmers who grow and sell rice on the small amounts of land that they own. Those without land work on other farmers’ paddy fields for a small daily allowance. Read the rest of this entry »

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