Mr. No Lida, Deputy CEO of CGCC, led CGCC’s delegation to attend the 2023 International Seminar on Enhancing Financial Accessibility of MSMEs that was held on 18th October 2023, in Singapore, and presented about CGCC’s Credit Guarantee Scheme for Building Reliable Credit Guarantee Infrastructure to Help MSMEs Better Access Financial Services.”
This international seminar was attended by more than 46 representatives and observers from 10 countries, including Cambodia, Korea, Brunei, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Through this international seminar, representatives of each participating institution made a presentation to share about their institutions, especially, the law and regulation, schemes/products, procedures, and mechanisms, especially credit guarantee schemes to support the development of MSMEs.
On March 31, 2023, the Credit Guarantee Corporation of Cambodia (CGCC) organized a semanar on “Guaranteed Loans to Support the Development of Small and Medium Enterprises” in Svay Rieng Province in collaboration with Svay Rieng Chamber of Commerce with more than 50 participants from Management and staff of participating financial institutions (PFIs) and small and medium business owners in Svay Rieng. The seminar was also presided over by Mr. Sok Rado, President of Svay Rieng Provincial Chamber of Commerce, and Mr. No Lida, Deputy CEO of CGCC.
Through this seminar, small and medium business owners are informed about the benefits of guaranteed loans through CGCC’s participating financial institutions in response to the lack of collateral when applying for a loan to expand and rehabilitate their businesses.