Follow the Money: The Podcast

European money pushes Cambodians into despair

9 snips
Feb 11, 2026
Leila Goldstein, an investigative reporter based in Cambodia, explores how microloans meant to help instead drove families into crushing debt. She recounts stories of suicide and intimidation, explains how European development money and weak oversight fueled predatory lending, and exposes certification and accountability gaps. Multiple scenes from rural Cambodia bring the human toll into sharp focus.
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ANECDOTE

Farmer's Loan, Harassment, And Suicide

  • Bun O, a cassava and pig farmer, took out about €9,000 from Hatza Bank and struggled with repayments.
  • After repeated harassment and a legal-threat letter from a credit officer, she was found dead in a death designated as suicide.
ANECDOTE

Multiple Suicides And Family Harms

  • Reporters documented five cases of suicides or attempted suicides linked to predatory lending practices.
  • Survivors described threats, intimidation, and children pulled from school to help repay debt.
INSIGHT

European Funds Fuel Profitable Microloans

  • European development banks invested hundreds of millions into Cambodian microfinance firms and profit from interest.
  • Those investments made the microfinance sector lucrative despite local harms.
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