SME Bank of Cambodia has amended and relaxed some of the credit criteria for the TFSS

September 18, 2024

SME Bank of Cambodia has amended and relaxed some of the credit criteria for the TFSS

To promote and facilitate the 𝐓𝐨𝐮𝐫𝐢𝐬𝐦 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠 𝐒𝐜𝐡𝐞𝐦𝐞 𝐟𝐨𝐫 𝐒𝐢𝐞𝐦 𝐑𝐞𝐚𝐩 𝐏𝐫𝐨𝐯𝐢𝐧𝐜𝐞 more effectively, SME Bank of Cambodia has amended and relaxed some credit criteria as follows:

Increased loan size from USD 600,000 to unlimited.
Reduced annual interest rates:

☑️ 𝟒.𝟎𝟎% for KHR Lending.

☑️𝟓.𝟓𝟎% for USD Lending up to USD 1 million.

☑️𝟒.𝟓𝟎% for USD Lending over USD 1 million.

Increased the tenor up to 10 years.

This scheme aims to support targeted enterprises and businesses operating in Siem Reap (irrespective of their registration in Phnom Penh or any other province) that serve both local and international tourists, either directly or indirectly.

The scheme encompasses businesses in the following categories:

➡️ Businesses in hospitality and entertainment that cater to tourism purposes.

➡️ Businesses that supply products and services to support the tourism sector.

➡️ Businesses that develop the physical infrastructure facilitating the tourism sector.

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