SME Bank collaborates with Cashew Nut Association of Cambodia organize a seminar on “Access to Finance: Prepare your business to obtain a loan from SME Bank of Cambodia”

On 05th July 2023, SME Bank of Cambodia (SME Bank) and Cashew Nut Association of Cambodia (CAC) organized a seminar on “Access to Finance: Prepare your business to obtain a loan from SME Bank of Cambodia” to share the bank profile, product feature and criteria for business plan preparation to access SME Bank financing services for any capital expenditure or working capital purpose.

This seminar was held in the present of Dr. Lim Aun, CEO of SME Bank, Mr. Uon Silot, Chairman of CAC, and attended by the cashew processing community, and more than 20 members of CAC at head office of SME Bank.

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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.
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.
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