Tag: MoU Signing Ceremony
CGCC and CHIEF BANK Officially Signed Agreements on a Wholesale Guarantee Scheme (WGS) and the Economic Stimulus Guarantee Scheme (ESGS)
On 20 May 2026 at the CGCC office, Credit Guarantee Corporation of Cambodia (CGCC) and CHIEF BANK officially signed agreements on a Wholesale Guarantee Scheme (WGS) and the Economic Stimulus Guarantee Scheme (ESGS). The agreements were signed by Mr. No Lida, Chief Executive Officer of CGCC, and Dr. Lim Aun, Chief Executive Officer of Chief Bank, in the presence of management and representatives from both organizations.
Through this partnership, Chief Bank has become a participating financial institution of CGCC, enabling the Bank to expand financing under CGCC guarantee schemes to potential businesses, particularly SMEs and MSMEs facing collateral constraints when applying for bank loans.
WGS and ESGS will support Chief Bank in expanding access to finance for businesses facing collateral constraints, while contributing to private sector development and Cambodia’s economic resilience.
The Visit of the LCGC Delegation on the Exchange of Technical Knowledge and Experience from CGCC in Credit Guarantee Operations
CGCC is pleased to warmly welcome a delegation from Lao Credit Guarantee Sole Company Limited (LCGC) from 11 to 12 May 2026 for a study visit on technical knowledge exchange and institutional learning in credit guarantee operations. The delegation comprises 13 participants, including members of LCGC’s Board of Directors, Chief Executive Officer Mr. Wong Keet Loong, and representatives from relevant Lao government institutions.
The visit forms part of LCGC’s ongoing effort to strengthen its operational capacity by drawing on CGCC’s established experience in implementing credit guarantee schemes in Cambodia. It should also be noted that the visit was followed by the signing of a Memorandum of Understanding between CGCC and LCGC, marking a key step in strengthening cooperation and knowledge exchange between the two institutions.
Through this two-day study visit, CGCC welcomed the LCGC delegation for a structured programme of technical exchange and institutional learning. The visit began with an introduction to CGCC’s institutional background, organizational development, and key performance milestones, followed by a session on CGCC’s product portfolio, and the role of credit guarantees in improving access to finance for micro, small, and medium enterprises (MSMEs).
The agenda also included a practical session on CGCC’s guarantee operation flow, practical experience and lessons learned from working with participating financial institutions, CGCC’s information technology systems, and how digital tools support internal workflows, data management, reporting, and guarantee portfolio monitoring.
The study visit serves as a meaningful platform for peer learning between the two institutions and reinforces the value of regional cooperation in credit guarantee development. Both CGCC and LCGC reaffirm their shared commitment to knowledge sharing among credit guarantee institutions in the region, in support of improved MSME access to finance and broader inclusive economic growth.
Signing Ceremony on the MOU Between Credit Guarantee Corporation of Cambodia And Lao Credit Guarantee Sole Company Limited
Cambodia and Laos Credit Agencies Sign MSME Support Pact
Credit Guarantee Corporation of Cambodia and Laos Credit Guarantee Sole Company Limited have inked a deal to strengthen credit guarantee services, improve MSME financing access and collaborate on green finance initiatives
The Credit Guarantee Corporation of Cambodia (CGCC) and Laos Credit Guarantee Sole Company Limited (LCGC) have signed an agreement to enhance the development of credit guarantee services and the sound growth of micro, small and medium enterprises (MSMEs) of both nations.
On May 11, 2026, CGCC and LCGC signed a memorandum of understanding (MoU) marking the establishment of a cooperative relationship between the two credit guarantee institutions.
No Lida, CEO of CGCC, believes the MoU will bring mutual benefits through collaboration in capacity building, information exchange and operational improvements, adding that it marks the beginning of a “long and impactful” partnership between the two institutions.
“Innovation is not defined by institutional maturity. Although CGCC began operations earlier than LCGC, there may be areas where LCGC performs better, and we welcome those opportunities to learn and improve together,” he said.
Wong Keet Loong, CEO of LCGC, said the partnership will support the development of LCGC to play its role in improving access to finance for MSMEs in Laos.
He added that the MoU establishes a structured framework for ongoing collaboration between CGCC and LCGC in the development and implementation of a credit guarantee scheme to support MSMEs, as well as in the exchange of knowledge on green taxonomy and climate and green financing guarantee schemes.
“As government-established, state-owned credit guarantee institutions, both organisations share a common mandate to ease financing constraints for MSMEs, a sector that serves as a cornerstone of regional economic development,” he said.
Credit to: KIRIPOST, Published on 13 MAY 2026
Cambodia and Laos Credit Guarantee Agencies Sign MOU to Boost MSME Financing and Green Credit Cooperation
Cambodia Investment Review
The Credit Guarantee Corporation of Cambodia (CGCC) and Lao Credit Guarantee Sole Company Limited (LCGC) have signed a Memorandum of Understanding (MOU) aimed at strengthening cooperation in credit guarantee services and improving access to finance for micro, small, and medium enterprises (MSMEs) across Cambodia and Laos.
The agreement was signed on May 11 at CGCC’s headquarters in Phnom Penh by CGCC Chief Executive Officer No Lida and LCGC Chief Executive Officer Wong Keet Loong, with representatives from the Ministry of Commerce and Industry, Ministry of Finance, the Bank of Lao PDR, and both institutions in attendance.
Focus on MSME Financing Access
The partnership establishes a formal framework for collaboration between the two state-backed credit guarantee institutions, focusing on knowledge sharing, operational development, capacity building, and the expansion of guarantee schemes designed to support MSMEs.
Read More: CGCC Marks Five Years as Government Launches New Individual Guarantee Plus Scheme
CGCC CEO No Lida said the agreement marked the start of what he described as a “long and impactful partnership” between the two organizations, adding that both institutions would benefit from exchanging operational experience and technical knowledge.
He noted that while CGCC began operations earlier, the partnership would create opportunities for both institutions to learn from each other as they continue developing their guarantee frameworks and services.
LCGC CEO Wong Keet Loong said the Cambodian institution had developed into what he described as a regional model for credit guarantee operations over the past five years and that the collaboration would support Laos’ efforts to improve financing access for small businesses.
Green Finance and Knowledge Sharing Included
The MOU also includes cooperation on green taxonomy frameworks and climate-related financing guarantee schemes, reflecting growing regional interest in sustainable finance and green lending initiatives.
Both organizations operate as government-established institutions with mandates focused on reducing financing constraints for MSMEs, a segment widely viewed as critical to economic growth, employment creation, and private sector development across Southeast Asia.
The agreement is also expected to support ongoing information exchange and institutional learning between the two organizations as they expand their operational capabilities.
CGCC and LCGC Expand Regional Cooperation
The agreement comes as governments and financial institutions across the Mekong region continue looking for new mechanisms to support MSME lending amid tighter credit conditions and increasing pressure on smaller businesses to access formal financing.
Credit guarantee institutions are designed to reduce lending risks for commercial banks and financial institutions by partially guaranteeing loans provided to businesses that may otherwise struggle to secure financing due to limited collateral or operating history.
CGCC was established in 2020 under the financial and technical guidance of Cambodia’s Ministry of Economy and Finance. Its mandate includes expanding financial inclusion and supporting economic growth through loan guarantees, bond guarantees, and SME capacity-building initiatives.
According to the institution, CGCC had provided guarantees to 9,808 accounts worth a combined $567.63 million as of the end of April 2026.
LCGC, meanwhile, was officially incorporated in December 2024 and formally launched operations in April 2026. The institution operates under the supervision of the Bank of Lao PDR, with technical guidance from the Ministry of Industry and Commerce and ownership under Laos’ Ministry of Finance.
The Lao institution’s primary role is to support access to finance for MSMEs by providing guarantees to financial institutions, reducing lending risks, and encouraging credit growth within the Lao economy.
Credit to: Cambodia Investment Review, Published on 14 May 2026
Cambodia, Laos credit guarantee firms ink MoU to support MSME growth
The Credit Guarantee Corporation of Cambodia (CGCC) and Credit Guarantee Sole Company Limited (LCGC) Monday signed a Memorandum of Understanding (MOU) to enhance the development of credit guarantee services and the sound growth of micro, small, and medium enterprises (MSMEs) in both countries.
The MOU was signed by No Lida, CEO of CGCC, and Wong Keet Loong, CEO of LCGC, and witnessed by senior representatives from the Lao Ministry of Commerce and Industry, Ministry of Finance, Bank of Lao PDR, totalling 30 participants in Phnom Penh on May 11.
Speaking during the signing ceremony, Lida said, “The MOU between CGCC and LCGC will bring mutual benefits through collaboration in capacity building, information exchange, and operational improvements.”
“It marks the beginning of a long and impactful partnership between our two institutions. Innovation is not defined by institutional maturity. Although CGCC began operations earlier than LCGC, there may be areas where LCGC performs better, and we welcome those opportunities to learn and improve together,” he added.
During his remarks, Wong said, “We are honoured to sign this MoU with CGCC today, establishing a strategic collaboration for LCGC. CGCC has strong foundations and has matured over the last 5 years into a model credit guarantee institution in the region.”
The LCGC CEO noted that the partnership will support the development of LCGC in improving access to finance for MSMEs in Laos.
He continued, “The MOU establishes a structured framework for ongoing collaboration between CGCC and LCGC in the development and implementation of a credit guarantee scheme to support MSMEs, as well as in the exchange of knowledge on green taxonomy and climate/green financing guarantee schemes.”
“As Government-established, state-owned credit guarantee institutions, both organisations share a common mandate to ease financing constraints for MSMEs, a sector that serves as a cornerstone of regional economic development,” he added.
Credit to: Khmer Times, Published on 13 May 2026
Memorandum of Understanding Signing Ceremony between CGCC and LCGC
On 11 May 2026, at the Credit Guarantee Corporation of Cambodia (CGCC) office, CGCC and Lao Credit Guarantee Sole Company Limited (LCGC) signed a Memorandum of Understanding (MOU) marking the establishment of a cooperative relationship between the two credit guarantee institutions to enhance the development of credit guarantee services and the sound growth of micro, small, and medium enterprises (MSME) of the Kingdom of Cambodia and Lao People’s Democratic Republic (Lao PDR).
The MOU was signed by Mr. No Lida, Chief Executive Officer of CGCC, and Mr. Wong Keet Loong, Chief Executive Officer of LCGC, witnessed by senior representatives from the Ministry of Commerce and Industry, Ministry of Finance, Bank of Lao PDR, and CGCC’s management and team, a total of approximately 30 participants.
As Government-established, state-owned credit guarantee institutions, both organizations share a common mandate to ease financing constraints for MSMEs, a sector that serves as a cornerstone of regional economic development.
CGCC’s 5-Year Anniversary “5 Years of Strategic Guarantees for Inclusive Economic Development”
On 27 January 2026, the Ministry of Economy and Finance and Credit Guarantee Corporation of Cambodia (CGCC) co-organized CGCC’s 5-year Anniversary under the theme “5 Years of Strategic Guarantees for Inclusive Economic Development”, presided over by H.E Dr. Aun Pornmoniroth, Deputy Prime Minister, Minister of Economy and Finance, at Sun and Moon Riverside Hotel.
This 5-year Anniversary celebration was organized to commemorate CGCC’s significant milestones, review institution’s performance over the past five years of operations, award the Top-Performing Financial Institutions and the Top Enterprise Beneficiaries, and recognize outstanding CGCC staff, as well as gather inputs from relevant stakeholders regarding CGCC’s role in building an inclusive, resilient, and sustainable financial system in Cambodia. Approximately 150 participants from public institutions, development partners, banks and microfinance institutions, securities firms, business associations, and other stakeholders attended the event.
Through this ceremony, H.E Dr. Aun Pornmoniroth officially launched the “Individual Guarantee Plus,” a new scheme of CGCC designed to support government policies, strategies, and priority sectors, including the rice sector, cassava, manufacturing, social housing development, and affordable housing. This scheme is designed to enable borrowers to submit an Expression of Interest to CGCC to obtain a guarantee of up to USD 10 million per loan for working capital and business expansion and allows CGCC to jointly assess, with PFIs, the borrowers’ repayment capacity.
In addition, H.E Dr. Aun Pornmoniroth granted the Ministry of Economy and Finance’s Outstanding Awards to CGCC’s top 3 Participating Financial Institutions, including ABA Bank, Maybank, and Sathapana Bank, that have disbursed the most guaranteed accounts in 2025. The awards also recognized the top enterprise beneficiaries, including Sek Meas Ricemill, Bayon Heritage Holding Group Co., Ltd, and Samnang Dina Lumchang Water Supply, that utilized guaranteed loans effectively. Furthermore, Certificates of Appreciation were presented to ten outstanding CGCC employees in recognition of their longest services, responsibility, professionalism, and dedication to the development of CGCC.
H.E Dr. Aun Pornmoniroth stated that “The establishment of CGCC was a sound and strategic decision by the Royal Government during the 6th Legislature of the National Assembly, under the wise and farsighted leadership of Samdech Akka Moha Sena Padei Techo Hun Sen, former Prime Minister and current President of the Senate, in implementing intervention measures through credit guarantee mechanisms aimed at restoring and promoting economic growth—particularly during the global COVID-19 crisis—based on international best practices and Cambodia’s actual socio-economic context. The credit guarantee mechanism has contributed significantly to the implementation of the Royal Government’s key policies, including: (1) Promoting financial inclusion, especially for Small and Medium Enterprises (SMEs), by increasing their access to financing, (2) Strengthening private sector development, by supporting investment, expanding business operations, and creating more jobs, especially for the youth, (3) Strengthening economic resilience, by increasing market confidence and risk sharing, especially during crises or challenges arising from external factors beyond Cambodia’s control.” [unofficial translation]
CGCC is a state-owned enterprise under the financial and technical guidance of the Ministry of Economy and Finance with the primary vision of providing credit guarantees to enhance financial inclusion and contribute to economic growth. Over the past five years, CGCC has implemented 7 individual guarantee schemes, 17 portfolio guarantee agreements, 1 bond guarantee agreement, and 3 Wholesale guarantee agreements, as well as the Entrepreneurship Program Initiative of CGCC (EPIC). As of 31 December 2025, after 5 years of operations, CGCC has approved credit guarantees on 9,556 accounts of business loans, amounting to USD 521.28 million across the country.
