SME Bank Offers Loans of $20,000 to $600,000 to Siem Reap Businesses

Phnom Penh: To help successfully and swiftly implement policy measures to provide financing to tourism operators in Siem Reap province, the Cambodia Small and Medium Enterprise Bank (SME Bank) has announced loans for business owners and tourism operators in the province ranging from $20,000 to $600,000. The announcement was made by Cambodia’s Ministry of Tourism on April 1, 2024.

According to the announcement, the loans are intended to help restore and promote tourism in Siem Reap province, with special loan terms including:

Financing ranges from $20,000 to $600,000, with loan terms of up to eight years and an interest rate of approximately 6.5% per year. The bank will also waive penalties for early repayment.

Businesses and business owners in Siem Reap province may choose to receive the loan in Cambodian riel or US dollars, according to their request.

The same announcement said the Ministry of Tourism encourages all tourism businesses in Siem Reap province that need investment or working capital to contact the Cambodia Small and Medium Enterprise Bank during business hours at 096 236 7789, or the Ministry of Tourism at 092 779 833, for further information about the program.