Finance: Breaking the cycle of oppressive debt

October 10, 2018

Despite being one of the top rice producers in the world, farmers in the Philippines are among the poorest in the country. They earn no more than 2,000 Philippine pesos (RM152.6) a month on average.These figures made no sense to Ruel Amparo. The founder of Cropital Corp - a peer-to-peer (P2P) lending platform for smallholder farmers that aims to break the cycle of oppressive debt - found it untenable that these rice farmers, whose harvests are responsible for feeding the world, are barely able to feed themselves.Read more at the Edge Markets