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CGCC, CWA, FTB, and Water.org Forge Strategic Partnership to Enhance Access to Formal Financing to Support Clean Water Sector in Cambodia

Posted on by Sorn Chhorvyvatey

On October 30, 2025, at the CGCC Head Office, there was a Signing Ceremony for a Portfolio Guarantee Agreement on Utilities Development Guarantee Scheme (UDGS) for Private Water Operators between CGCC and Foreign Trade Bank of Cambodia (FTB), a Memorandum of Understanding (MOU) between CGCC and Cambodian Water Supply Association (CWA), and a MOU between CGCC and Water.org. 

This signing ceremony was presided over by H.E. Dr. Mey Vann, Secretary of State, Ministry of Economy and Finance, and H.E Oum Sotha, Secretary of State, Ministry of Industry, Science, Technology, Innovation. Signatories included No Lida, CEO of CGCC; Dith Sochal, CEO of FTB; Lim Minh, Executive Director of CWA; and Gay Santos, Regional Director of Water.org, at CGCC’s Head Office. The event was attended by 70 participants, including Private Water Operators (PWOs), management, and staff of the four institutions.

Utilities Development Guarantee Scheme (UDGS) for Private Water Operators (PWOs) is an initiative to support private water operators in securing sufficient financing through favorable credit guarantees.

No Lida mentioned that, “Supply of clean water is an essential service that must be expanded in Cambodia​ for the public well-being as well as for socio-economic development. CGCC is honoured to launch this dedicated Guarantee Scheme to promote clean water development in Cambodia by offering favorable guarantee terms and conditions. This initiative is made possible through collaboration with key partners including FTB, CWA, and Water.org. Each partner will contribute to the effective implementation of this Guarantee Scheme, especially ensuring that the guaranteed loans are disbursed to the right and potential water operators with manageable risk. In this initial phase of this Guarantee Scheme, CGCC and FTB are committed to disbursing USD 5 million guaranteed loans to clean water supply operators in Cambodia.”

Under this Guarantee Scheme, CGCC will provide guarantees on loans disbursed by FTB, CGCC’s partnered bank since 2021, to PWOs in Cambodia.

Dith Sochal emphasised that, “The signing of the Portfolio Guarantee Agreement under the Utilities Development Guarantee Scheme between FTB and CGCC marks a significant milestone in a strong and growing partnership that began in 2021. Since then, the collaboration has expanded steadily, supporting a total loan portfolio exceeding USD 19 million—including USD 2.3 million dedicated to private water operators. Through this collaboration, both institutions have shared commitment to fostering innovation in the water sector and advancing sustainable water management practices across Cambodia.”

To mitigate risk and to select the right private water operator, CGCC and FTB will cooperate to provide guaranteed loans to private water operators, who are members of CWA and have received technical or financial support from Water.org.

Lim Minh, Executive Director of CWA, added, “This partnership represents a major step forward for private water operators as they work to expand clean water services within their licensed areas. Through CWA’s active participation, our members will gain access to transparent and secure financing, enabling them to grow their operations and contribute directly to the global goal of universal access to clean water by 2030.”

Gay Santos, Regional Director of Water.org., also stated, “Water.org began its work in Cambodia in 2022 and, through strong partnerships, has helped more than 2.19 million people and mobilised over USD 281 million for water and sanitation. Despite considerable progress, the proportion of the population with access to safely managed water and sanitation remains inadequate to achieve Cambodia’s SDG 6 objective. As such, Water.org strongly supports the initiative to improve access to finance for private water operators in Cambodia.”

Utilities Development Guarantee Scheme (UDGS) for Private Water Operators (PWOs) is a new initiative designed to improve private water operators’ access to formal financing by mitigating collateral constraints and providing credit guarantees under favourable terms and conditions. As part of this strategic partnership, the four parties will enhance cooperation in promoting and supporting business growth through operational financing, supporting the Royal Government of Cambodia’s objectives of achieving universal access to clean water by 2030.

Credit to B2B, Published on 01 November 2025

 

CGCC Internship Program 2025

Posted on by Sorn Chhorvyvatey

Terms of References of the Internship:

Key Responsibilities

  • Participate in the introduction and orientation program of the CGCC.
  • Demonstrate willingness to participate fully and actively in the learning experience by planning their program of work with their supervisor or manager.
  • Conduct themselves at all times in a manner that will not be detrimental to the image and standing of the CGCC.
  • Keep confidential all information including unpublished information made known to him/her during and after the period of Internship.
  • Work within the regulations and rules as applicable to them.
  • Complete a report on his/her assignment at the end of the internship program

Eligibility Criteria

  • Be citizen of Cambodia.
  • Be between the ages of 20 and 30 years of age.
  • Be in the final year of his/her university degree (associate or bachelor), fresh graduate university students, or pursuing postgraduate.

Email: [email protected]

For more information, please contact: 023 722 123

Deadline: 28 November 2025

 

CGCC Joins the Closing Ceremony of the Post-harvest Fisheries Development Project (CAPFISH-CAPTURE)

Posted on by Sorn Chhorvyvatey

On 13 October 2025, Ms. San Sokrina, Senior Manager of Product Development and Cooperation Division, representative of Mr. No Lida, CEO of CGCC had attended the closing ceremony of the Post-harvest Fisheries Development Project (CAPFISH-CAPTURE) organized by UNIDO under the high chairmanship of H.E. Dith Tina, Minister of Agriculture, Forestry and Fisheries, H.E. Igor DRIESMANS, Ambassador of the European Union to the Kingdom of Cambodia, and Mr. Dejene TEZERA, Director of UNIDO.

The CAPFISH CAPTURE project has actively contributed to the growth of the fisheries sector in Cambodia by promoting food safety, inclusive entrepreneurship and sustainable industrial development.

 

CGCC’s Site Visit to Post-Harvest Fisheries Enterprises in Siem Reap

Posted on by Sorn Chhorvyvatey

On 9 August 2025, CGCC team, led by Mr. No Lida, CEO of CGCC, conducted a site visit and met with two post-harvest fisheries enterprises in Siem Reap Province, who received guaranteed loans by CGCC and investment support under the Investment Support Facility (ISF), a joint project under CAPFISH-Capture: Post-harvest Fisheries Development Project jointly implemented by the Fisheries Administration and UNIDO Cambodia, co-funded by the European Union, and having CGCC as a fund manager.

This site visit aimed to understand the progress of these enterprises after receiving support from the ISF, their current business operations, action plans, and the challenges they are facing amid the ongoing border dispute.

With support from ISF and a guaranteed loan by CGCC, the two enterprises have been developing and increasing their business productivity through upgrading their equipment and processing techniques ​​​with food safety standards to expand their domestic market and for future export opportunities.

Meeting between CGCC and FTB Bank and ABA Bank in Siem Reap Province

Posted on by Sorn Chhorvyvatey

On 9 August 2025, the CGCC team, led by Mr. No Lida, CEO of CGCC, paid courtesy visits and met the management team and staff of two Participating Financial Institutions (PFIs) in Siem Reap Province, including the Foreign Trade Bank of Cambodia (FTB) and the Advanced Bank of Asia Limited (ABA).

During the discussion, Mr. No Lida expressed his appreciation for the PFIs’ continued collaboration in enhancing financial access for small and medium-sized enterprises, especially their active participation in various CGCC schemes​ to support SMEs’ business growth. He also shared updates on CGCC’s scheme and support mechanisms, which increase financing opportunities of PFIs and favorable terms and conditions.

The dialogue​ also provided​ the opportunity for CGCC and the provincial branches of PFIs to openly discuss the business situation in the province, challenges faced by banks and business owners, and to exchange valuable feedback or suggestion on the cooperation.

SME Building Capacity & Capability (BCC) Programme Workshop of 2025 in Battambong Province

Posted on by Sorn Chhorvyvatey

On 08 August 2025, Credit Guarantee Corporation of Cambodia (CGCC) and Maybank (Cambodia) collaborated for the 6th time to hold the SME Building Capacity & Capability (BCC) Programme Workshop of 2025 in Battambang Province. The event brought together rice exporters and rice millers from northwest Cambodia and surrounding provinces, with participation from 30 SME owners and financial advisors, as well as management and staff of the two institutions.

The workshop is presided over by H.E. Oknha Phou Puy, Board Chairman & General Manager of Baitang (Kampuchea) Plc, sharing keynote on valuable perspectives on Cambodia’s rice export potential, and honored participation from Mr. Lun Yeng, Secretary General of the Cambodia Rice Federation (CRF), providing a comprehensive outlook on the rice industry’s current trends and opportunities.

Mr. Rath Sophoan, Country Head of Maybank (Cambodia), also delivered remarks addressing Maybank’s ongoing commitment, which extends beyond providing financial services to include capacity building that supports the development of SMEs, such as rice exporters and millers.

Mr. No Lida, CEO of CGCC, also expressed CGCC’s appreciation to Maybank for initiating and continuing the momentum of the BCC program since 2022, and addressed the support mechanism from the Royal Government of Cambodia through CGCC’s Rice Export Guarantee Scheme for rice exporters and millers’ members of CRF to promote Cambodian rice export.

Through this workshop, the participants gained practical insights into buyer expectations, market readiness, and strategic business partnerships in an evolving trade landscape. This initiative reflects the joint commitment of Maybank (Cambodia) and CGCC to go beyond providing financial access by equipping SMEs with the capabilities, confidence, and connections needed to grow, even amidst today’s increasingly complex global economic conditions.

In the first 7months of 2025, Cambodia has exported 420,572 tons of rice to 65 destinations worldwide, according to the Report of Rice Export by Cambodia Rice Federation (CRF). To support the Royal Government of Cambodia’s aspiration to export 1 million tons of rice per year, CGCC and Participating Financial Institutions (PFI), including Maybank (Cambodia), have been collaborating to implement the Rice Export Guarantee Scheme (REGS). Approximately USD 38 million in loans have been disbursed with CGCC’s guarantees under REGS, as of the end of July 2025, to provide financing support to rice millers and rice exporters. In addition to financing support, Maybank and CGCC have collaborated in co-organizing 5 BCC programs since 2022.

Credit Guarantee Corporation of Cambodia and Sathapana Bank Bolster Business Growth in Cambodia Through Strategic Partnership on Guarantee Schemes

Posted on by Sorn Chhorvyvatey

Cambodia Investment Review

Credit Guarantee Corporation of Cambodia (CGCC) and Sathapana Bank, one of the leading commercial banks in Cambodia jointly organized the agreement signing ceremony to officially announce partnership on the Wholesale Guarantee Scheme (WGS) and Economic Stimulus Guarantee Scheme (ESGS). These initiatives are set to significantly enhance access to finance for businesses across the Kingdom. This strategic collaboration is crucial in driving economic growth, particularly for Micro, Small, and Medium Enterprises (MSMEs) and larger firms for expansion and operational resilience.

As Cambodia continues its economic development, the combined efforts of CGCC and Sathapana Bank, through these newly launched guarantee schemes, will play an increasingly vital role. They will ensure that businesses, regardless of their size or collateral capacity, have the financial support needed to thrive and contribute to Cambodia’s economic landscape.

Helping Businesses Access Vital Financing

Mr. No Lida, CEO of CGCC mentioned “Five years ago, Sathapana Bank and CGCC joined forces to launch the Business Recovery Guarantee Scheme, aiming at helping businesses access vital financing during the challenging times of the COVID-19 pandemic. Since then, our collaboration has empowered many businesses to survive, grow, and thrive. Through this journey, we’ve built a strong foundation of mutual understanding, enabling us to enhance the effectiveness of our guarantee schemes.”

Read More: GuarantCo and CGCC Partner on Landmark $10M Counter-Guarantee Deal to Boost Infrastructure Finance in Cambodia

“Today’s signing of the Wholesale Guarantee Scheme (WGS) and Economic Stimulus Guarantee Scheme (ESGS) demonstrates our shared commitment to deepen this partnership and increase the impact of credit guarantees. The WGS and ESGS will support Sathapana Bank in managing their risk exposure and enable them to lend more to potential small and medium-sized enterprises, especially during times of economic uncertainty”, said by Mr. No Lida.

Unleash The Entrepreneurial Potential Of Cambodians

“Our partnership with CGCC, particularly through the new Economic Stimulus Guarantee Scheme and the Wholesale Guarantee Scheme, allows us to extend our credit lines through our nationwide networks to a broader segment of the market,” says Mr. Henk G. Mulder, CEO of Sathapana Bank. “This will enhance financial inclusion and unleash the entrepreneurial potential of Cambodians.”

“Our collaboration with CGCC ensures that our lending aligns with Cambodia’s national development priorities, fostering growth in areas that are key to long-term prosperity and improving livelihoods for Cambodian families,” he adds.

Credit to: Cambodia Investment Review, Published on 23 July 2025

Credit Gaurantee Corporation of Cambodia and Sathapana Bank Bolster Business Growth in Cambodia Through Strategic Partnership on Guarantee Schemes

Posted on by Sorn Chhorvyvatey

Phnom Penh, 21 July 2025 – Credit Guarantee Corporation of Cambodia (CGCC) and Sathapana Bank, one of the leading commercial banks in Cambodia jointly organized the agreement signing ceremony to officially announce partnership on the Wholesale Guarantee Scheme (WGS) and Economic Stimulus Guarantee Scheme (ESGS). These initiatives are set to significantly enhance access to finance for businesses across the Kingdom. This strategic collaboration is crucial in driving economic growth, particularly for Micro, Small, and Medium Enterprises (MSMEs) and larger firms for expansion and operational resilience.

As Cambodia continues its economic development, the combined efforts of CGCC and Sathapana Bank, through these newly launched guarantee schemes, will play an increasingly vital role. They will ensure that businesses, regardless of their size or collateral capacity, have the financial support needed to thrive and contribute to Cambodia’s economic landscape.

Mr. No Lida, CEO of CGCC mentioned “Five years ago, Sathapana Bank and CGCC joined forces to launch the Business Recovery Guarantee Scheme, aiming at helping businesses access vital financing during the challenging times of the COVID-19 pandemic. Since then, our collaboration has empowered many businesses to survive, grow, and thrive. Through this journey, we’ve built a strong foundation of mutual understanding, enabling us to enhance the effectiveness of our guarantee schemes.”

“Today’s signing of the Wholesale Guarantee Scheme (WGS) and Economic Stimulus Guarantee Scheme (ESGS) demonstrates our shared commitment to deepen this partnership and increase the impact of credit guarantees. The WGS and ESGS will support Sathapana Bank in managing their risk exposure and enable them to lend more to potential small and medium-sized enterprises, especially during times of economic uncertainty”, said by Mr. No Lida.

“Our partnership with CGCC, particularly through the new Economic Stimulus Guarantee Scheme and the Wholesale Guarantee Scheme, allows us to extend our credit lines through our nationwide networks to a broader segment of the market,” says Mr. Henk G. Mulder, CEO of Sathapana Bank. “This will enhance financial inclusion and unleash the entrepreneurial potential of Cambodians.”

“Our collaboration with CGCC ensures that our lending aligns with Cambodia’s national development priorities, fostering growth in areas that are key to long-term prosperity and improving livelihoods for Cambodian families,” he adds.

 

About CGCC

CGCC is a state-owned enterprise under the financial and technical guidance of the Ministry of Economy and Finance, with the primary mission of providing credit guarantees to enhance financial inclusion and support the development of small and medium-sized enterprises. CGCC’s products and services include loan guarantees in the banking sector, bond guarantees in the securities sector, and the Entrepreneurship Program Initiative of CGCC (EPIC). As of the end of May June 2025, CGCC has approved guarantees on business loans in a total of 5,027 Guaranteed Accounts, amounting to approximately USD 305 million. For more information on WGS, please visit CGCC’s website at www.cgcc.com.kh or contact CGCC at 023 722 123.

 

About Sathapana Bank

Sathapana Bank is a leading commercial bank in Cambodia, with total assets of over US$ 2.7 billion and over 3,500 employees. We have an extensive branch network nationwide with 175 branches, 4 Sathapana Premier Banking halls, and over 280 ATMs. We provide complete banking services such as loans, deposits, mobile banking, internet banking, debit & credit cards, domestic and foreign remittances, payroll services, cross-border fund transfers with SWIFT, Visa B2B Connect, Visa Direct, Bakong, trade finance, and other financial services.

To support the growth of micro, small and medium businesses in Cambodia, Sathapana Bank also offers a wide range of payment acceptance solutions such as the Sathapana Tutort merchant app, Sathapana Gateway, S2Biz, Sathapana POS and more.

Recently, Sathapana Bank has received the Certification of Client Protection (Gold level). This prestigious recognition is a testament to our unwavering dedication to offering responsible and inclusive financial services.

On top of that, in 2024, the bank was named the winner of the “Most Innovative Mobile Banking App – Cambodia 2024” award by International Finance and “Best Retail Banking – Cambodia 2024” by Global Retail Banking Rankings. These awards recognize Sathapana Bank’s commitment to providing its customers and Cambodians with the most innovative and the best possible mobile banking experience.

In 2024, Sathapana Bank also received three awards from VISA: “Leadership in Consumer Debit Payment Volume,” “Leadership in Total Merchant Sales Volume Growth,” and “Leadership in Active Net New Acceptance Location.” Furthermore, it received three awards from Mastercard: “Leadership in Credit Growth 2024,” “Leadership in Debit Growth 2024,” and “Leadership in Credit Volume 2024.” These awards are a recognition of and testament to our strong commitment to delivering innovative payment solutions for customers in Cambodia.

CGCC and Wing Bank Signs Agreement on USD 50 Million Wholesale Guarantee Scheme

Posted on by Sorn Chhorvyvatey

 

On 16 July 2025, Credit Guarantee Corporation of Cambodia (CGCC) and Wing Bank (Cambodia) Plc is pleased to sign an Agreement on USD 50 million Wholesale Guarantee Scheme (WGS), with the honorable presence of Mr. No Lida, CEO of CGCC and Dr. Dmytro Kolechko, CEO of Wing Bank, and the honorable participation of management and of both institutions approximately 30 participants, held at Wing Tower.

Under the highest approval of H.E. Deputy Prime Minister, Minister of Economy and Finance, WGS was officially launched on 31 January 2025 to provide guarantees on existing business loans of Participating Financial Institutions (PFIs) to share risk with PFIs and reduce the risk weight on the part of the exposure that is guaranteed by CGCC. According to the Prakas Credit Risk for Capital Adequacy Ratios in Deposit-Taking Banks and Financial Institutions of the National Bank of Cambodia on 29 June 2023, exposures denominated in riel or currency that are clearly and unconditionally guaranteed by the Royal Government of Cambodia, including guarantees by credit guarantee schemes established by the Royal Government of Cambodia, are zero percent risk-weighted.

Mr. No Lida, CEO of CGCC, mentioned that “CGCC is pleased to launch our first Wholesale Guarantee Scheme (WGS) with Wing Bank. This innovative guarantee scheme will mutually benefit Wing Bank and CGCC. It will assist CGCC in effectively managing the quality of our guarantee portfolio to ensure long-term sustainability. Most importantly, it will increase available lending to SMEs.”

Dr. Dmytro Kolechko, CEO of Wing Bank, emphasized that “SMEs are the heartbeat of our economy, and with this partnership, we are better equipped to support their ambitions, fuel their resilience, and unlock their potential. I believe that when we invest in SMEs, we invest in the future of Cambodia. Together with CGCC, and with the support of the Royal Government, we are building a stronger, more inclusive financial ecosystem—one that empowers entrepreneurs and strengthens communities across the nation.”

Through this agreement, Wing Bank is the first CGCC Participating Financial Institution (PFI) to receive CGCC’s wholesale guarantee, aiming to increase and expand the bank’s capacity to provide essential financing to small and medium enterprises in Cambodia, and in line with CGCC’s shared commitment to improve the financial inclusion and contribute to national economic growth.

 

About CGCC

CGCC is a state-owned enterprise under the financial and technical guidance of the Ministry of Economy and Finance, with the primary mission of providing credit guarantees to enhance financial inclusion and support the development of small and medium-sized enterprises. CGCC’s products and services include loan guarantees in the banking sector, bond guarantees in the securities sector, and the Entrepreneurship Program Initiative of CGCC (EPIC). As of the end of June 2025, CGCC has approved guarantees on business loans in a total of 5,027 Guaranteed Accounts, amounting to approximately USD 305 million. For more information on WGS, please visit CGCC’s website at www.cgcc.com.kh or contact CGCC at 023 722 123.

 

About Wing Bank (Cambodia) Plc

Wing Bank (Cambodia) Plc is one of Cambodia’s fastest-growing digital banks, providing convenient access to financial and banking services across Cambodia. Wing Bank has offered comprehensive finance and banking services through its extensive network of 12,000  Wing Cash Xpress Agents, 120 Wing Master Agents, nearly 30 bank outlets, and a multi-function mobile app. Over 600 businesses and government institutions, along with 170,000 merchants, rely on Wing Bank for their operations. The bank is dedicated to promoting financial, gender, and digital inclusion, ensuring all Cambodians can benefit from secure and convenient digital finance and banking solutions. For more information: www.wingbank.com.kh

 

Memorandum of Understanding Signing Ceremony on Cooperation to Promote Guaranteed Loan for Modern Agricultural Cooperatives

Posted on by Sorn Chhorvyvatey

On 10 July 2025, at the Ministry of Agriculture, Forestry and Fisheries (MAFF), Credit Guarantee Corporation of Cambodia (CGCC) is pleased and honored to sign two tripartite Memorandums of Understanding, including (1) with MAFF and the Agricultural and Rural Development Bank (ARDB), and (2) with MAFF and the Foreign Trade Bank of Cambodia (FTB), presided over by H.E. Dith Tina, Minister of MAFF, to provide a framework for cooperation and partnership between the institutions in promoting the access to finance to support the modern Agricultural Cooperatives (ACs).

These MOUs aim to enhance the efficiency and sustainability of businesses in access to finance support through ARDB and FTB, as well as credit guarantees from CGCC, for modern ACs that have been officially registered in accordance with the Law on AC, with both policy and technical support from MAFF. Through these MOUs, under the active support of MAFF in the development of modern ACs and in particular, promoting access to formal financing for modern ACs, CGCC and Participating Financial Institutions (PFIs), including ARDB and FTB, will be able to expand cooperation on providing necessary guaranteed loans to modern ACs, in line with the vision of the Royal Government of Cambodia, prioritize the agriculture sector, and support Cambodian economic growth.

on 17 September 2024, CGCC and MAFF also signed a Memorandum of Understanding on credit guarantee services to promote the development of modern ACs, which paved the way for CGCC and MAFF to achieve the shared goals of supporting SMEs, especially modern ACs, in the development of the agricultural sector and supporting CGCC in improving financial inclusion in Cambodia.

Agriculture is the priority sector in obtaining the credit guarantee through CGCC’s Participating Financial Institutions (PFIs). As of the end of June 2025, CGCC provided guarantees on more than 5,027 guaranteed accounts, with a total guaranteed loan of USD 305 million. Of these, 137 accounts are businesses in the agricultural sector, representing approximately USD 41 million.