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CGCC releases more than $ 113 million to support local enterprises


Phnom Penh: As of the first quarter of 2023, the Credit Guarantee Corporation of Cambodia (CGCC) has provided loans to nearly 1,300 businesses with loans amounting to more than 460 billion riels, more than 113 Million US dollars to support small and medium enterprises.

In the bulletin of the progress of credit guarantee for loans in KHR, the guaranteed loan size is more than 51 billion Riel, while the dollar loan is the guaranteed loan size in the amount More than 101 million US dollars.

Around this lending, the Cambodian Credit Guarantee Corporation has provided 497 women-run business loans on a total of 1,275 businesses.

Of these, 102 bases were provided to large enterprises and 1,173 to small and medium enterprises.

Please be informed that in relation to this loan, the Cambodian Credit Guarantee Corporation launched a loan guarantee scheme to rehabilitate the business amounting to 200 million US dollars in March 2021, the Cambodian Credit Guarantee Corporation aims to support the recovery. Of the economy during the Kovid-19 crisis.

Recently, the Cambodian Credit Guarantee Corporation also officially launched a credit guarantee scheme as a next step package to support small and medium enterprises, which are considered to be the backbone of the economy. Important examples in supporting the socio-economic development of Cambodia.







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