Three Associations Meet to Discuss Ways to Promote SME Development

Phnom Penh: The Association of Banks in Cambodia and the Cambodia Microfinance Association, in collaboration with the Young Entrepreneurs Association of Cambodia, held a meeting to discuss and provide updates on the implementation of the Financing Access Program for small and medium-sized enterprises (SMEs). The meeting took place on March 22, 2024.

According to a press release from the Association of Banks in Cambodia, the meeting aimed to gather input and recommendations to improve the program’s effectiveness and seek support from all relevant stakeholders. The meeting was attended by the presidents of the three associations, representatives of financial institutions and Cambodian SMEs, as well as the associations’ working groups.

At the meeting, the three association presidents and participants also praised the strong cooperation among the associations in building the capacity of SMEs. More than US$2 million in loans has been disbursed by financial institutions to enterprises through the program.