SME Bank and Agribee Cambodia Plc. Signed Memorandum of Understanding to Cooperatively Support the Growth of Agribusinesses in Cambodia

On 11th April 2022, Mr. Lim Aun, Chief Executive Officer of SME Bank of Cambodia, and Mr. Mak Chamroeun, Chairman of the Board of Directors of Agribee Cambodia Plc. signed a Memorandum of Understanding to support the growth of agribusinesses.

 

This strong collaboration will enable all Agribee’s members to access favorable financing from SME Bank of Cambodia to advance their business operations expansion and development

 

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The Cambodian financial market is developing rapidly and approaching the saturation stage. However, most commercial banks and MFIs are introducing both cash-flow and collateral-based lending. In general, they required real-estate property such as land and/or building to be served as collateral. According to the feedback from the market, some small and medium enterprises (SMEs) are not able to get loans from banks or MFIs due to collateral requirements.
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