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

To promote and facilitate the ๐“๐จ๐ฎ๐ซ๐ข๐ฌ๐ฆ ๐…๐ข๐ง๐š๐ง๐œ๐ข๐ง๐  ๐’๐œ๐ก๐ž๐ฆ๐ž ๐Ÿ๐จ๐ซ ๐’๐ข๐ž๐ฆ ๐‘๐ž๐š๐ฉ ๐๐ซ๐จ๐ฏ๐ข๐ง๐œ๐ž 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:

โ˜‘๏ธ ๐Ÿ’.๐ŸŽ๐ŸŽ% for KHR Lending.

โ˜‘๏ธ๐Ÿ“.๐Ÿ“๐ŸŽ% for USD Lending up to USD 1 million.

โ˜‘๏ธ๐Ÿ’.๐Ÿ“๐ŸŽ% 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:

โžก๏ธ Businesses in hospitality and entertainment that cater to tourism purposes.

โžก๏ธ Businesses that supply products and services to support the tourism sector.

โžก๏ธ Businesses that develop the physical infrastructure facilitating the tourism sector.

More

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