The delegation from SME Bank of Cambodia paid a visit to the Policy Research Institute (PRI), the Ministry of Finance, Japan; and the Micro Business and Individual Unit, Japan Finance Corporation (JFC-Micro)

On May 20,2024, in Tokyo, H.E Dr. PHAN Phalla, Secretary of State of the Ministry of Economy and Finance and Chairman of the Board of Directors of SME Bank of Cambodia presided over and led the delegates that included the Board of Directors, and the senior management of the Bank. The delegation paid a visit to the Policy Research Institute (PRI), the Ministry of Finance, Japan; and the Micro Business and Individual Unit, Japan Finance Corporation (JFC-Micro).

The purpose of this visit was to share knowledge and experience in developing financial policies to support SMEs in both countries. The above discussion and knowledge sharing came from the signing of the Memorandum of Cooperation between the Ministry of Economy and Finance, Cambodia through SME Bank of Cambodia; PRI, the Ministry of Finance, Japan; and JFC-Micro on June 7, 2023.
SME Bank of Cambodia would like to express its gratitude to PRI, Ministry of Finance, Japan; and JFC-Micro for hosting this visit and for their insightful sharing on the financial policy development in Japan.

 

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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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