𝐒𝐌𝐄 𝐁𝐚𝐧𝐤 𝐨𝐟 𝐂𝐚𝐦𝐛𝐨𝐝𝐢𝐚 and 𝐖𝐚𝐭𝐞𝐫.𝐨𝐫𝐠 signed a Memorandum of Understanding (MoU)

On October 14, 2024, 𝐒𝐌𝐄 𝐁𝐚𝐧𝐤 𝐨𝐟 𝐂𝐚𝐦𝐛𝐨𝐝𝐢𝐚 and 𝐖𝐚𝐭𝐞𝐫.𝐨𝐫𝐠 signed a Memorandum of Understanding (MoU). The MoU was signed by Dr. LIM Aun, CEO of SME Bank of Cambodia, and Mrs. Griselda Gloria Santos, Regional Director in Southeast Asia.
This MoU aims to improve access to finance for private water operators in Cambodia, thereby enhancing the well-being of the population, reducing poverty, and fostering sustainable socio-economic growth.
Through this MoU, both parties will collaborate closely to develop and promote the initiatives, including conducting training and strengthening financial literacy, to ensure better access to finance. This effort will facilitate more productive and efficient business development for private water operators.
 

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The Executive Management of SME Bank of Cambodia has joined as an Honorable Speaker in a virtual workshop on “Women Entrepreneurs Capacity Upgrades Toward Digital Economy” Organized by the Ministry of Industry, Science, Technology, and Innovation, Cambodia Women Entrepreneurs Association, and Khmum Technology Co., Ltd.
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.