SME Bank’s Management Welcomed the Delegation of the Ministry of Industry and Commerce of Laos for Understanding Cambodia’s Credit Guarantee Scheme

March 16, 2023

SME Bank’s Management Welcomed the Delegation of the Ministry of Industry and Commerce of Laos for Understanding Cambodia’s Credit Guarantee Scheme

In the morning of February 28, 2023, SME Bank’s Management, led by Dr. Lim Aun, welcomed the delegation of the Ministry of Industry and Commerce of Laos for the study visit to understand Cambodia’s credit guarantee Scheme in order to further develop the credit guarantee scheme for small and medium enterprises (SMEs) in Laos.

In this important visit, SME Bank is honored to share the good experience and success of the credit guarantee scheme with the delegation from the Ministry of Industry and Commerce of Laos for the development of the credit guarantee scheme in Laos.

SME Bank of Cambodia organized a Team Building and CSR event under the theme: “Small Wheels, Big Heart – Cycling with SME Bank,”

In Siem Reap, on 23 February 2024, SME Bank of Cambodia organized a Team Building and CSR event under the theme: “Small Wheels, Big Heart – Cycling with SME Bank,” a cycling activity at the Angkor Wat temple.

Cambodia Digital & Automation Scheme (CDAS)

The CDAS is extended to young entrepreneurs and SME businesses engaging in digital and automation. CDAS is envisaged to assist viable SMEs affected by the economic challenges during this period for better accessibility to financing at a reasonable cost.

Cambodia Micro Entrepreneurs Scheme (CMES)

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.

Memorandum of Understanding (MoU) between SME Bank of Cambodia and The General Department of SMEs and Handicrafts of the Ministry of Industry, Science, Technology and Innovation (MISTI)

On June 27, 2024, SME Bank of Cambodia and The General Department of SMEs and Handicrafts of the Ministry of Industry, Science, Technology and Innovation (MISTI) signed a Memorandum of Understanding (MoU).

Loan tenures to be extended to 7 years

SME Bank participated as a panelist in the panel discussion on “Expanding Opportunity for Women Entrepreneurs in Digital Economy and Society”

On 27 February 2023, Mr. Neav Sokun, Chief Operating Officer of SME Bank participated as a panelist in the panel discussion on “Expanding Opportunity for Women Entrepreneurs in Digital Economy and Society” organized by the Ministry of Women Affairs