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[1/5] Fisherman Ung Bun, 39, sits in his boat out at sea off the coast of Cambodia's southern Kep province, Cambodia August 18, 2023. Ung Bun dropped the crab - a male that was too small - back into the sea. The Cambodia government's crab releasing campaign dates back to 2010 but this year it began working with Wild Earth Allies, a non-profit organisation. I can hardly afford to buy gasoline to go out to fish or pay for my children's school fees, and so I face problems with my family," Ung Bun said. "If the villagers see my work, many would not understand what I'm doing," Ung Bun said.
Persons: Bun, Thomas Suen, Ung Bun, Ung, hasn't, Kay Johnson, Edwina Gibbs Organizations: REUTERS, University of Maine's, Allies, Thomson Locations: Kep province, Cambodia, Kep, Kampot
The loans are also seeing farmers put assets including their land up as collateral, even when the loans are high-interest and have short repayment windows. Taylor Weidman | Bloomberg | Getty ImagesNGOs estimate around 167,000 Cambodians have sold their land to pay microfinance loans over the last five years. A 2016 book published by the World Bank argued microfinance loans had reduced poverty and increased incomes in Bangladesh, and banking giant HSBC still promotes its funding of microfinance in the country. But the World Bank, an early and longstanding advocate of microfinance, has also been warning for years of risks including overindebtedness and the growing commercialization of the industry. In the capital Phnom Penh, she added, she commonly meets people working seven days a week to pay off spiraling MFI loans.
Russian airline Aeroflot has been forced to remove in-flight entertainment on some services. The airline suggested passengers read, meditate, or take a nap while it works on a "domestic solution." Aeroflot has managed to keep flying despite western sanctions increasingly hobbling operations. Aeroflot didn't say why it couldn't offer entertainment, and it doesn't appear to have affected the airline's larger aircraft. After halting flights to several international destinations because of flight path restrictions, Aeroflot resumed flights to Thailand, India, and the Maldives in October.
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