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Tag: SME Development

CGCC Held a Meeting on the Credit Guarantee Scheme for MSMEs of Cambodia Food Manufacturer Association (CFMA)

Posted on by Sorn Chhorvyvatey

On 4 June 2026, Mr. No Lida, CEO of CGCC welcomed members and representatives of the Cambodia Food Manufacture Association (CFMA) and led a meeting on the credit guarantee scheme for small and medium-sized enterprises at the CGCC office.

Through this meeting, CGCC shared with members of the CFMA credit guarantee scheme for small and medium enterprises, especially for members of CFMA, a discussion to collect input to gain a deeper understanding of the needs of business owners in obtaining financing to strengthen and expand their businesses, as well as to provide a clearer demonstration of the credit guarantee mechanism provided by CGCC for all business owners.

Through this meeting, CGCC strongly hopes that all participants will gain a better understanding of the credit guarantee mechanism, as well as be prepared to apply for any necessary business financing through the credit guarantee provided by CGCC to develop their businesses effectively.

 

 

 

Meet an Inspiring Woman Entrepreneur in the Rice Sector: Growing from Family Businesses to International Markets

Posted on by Sorn Chhorvyvatey

Mrs. Lor Sengleap is the director of Sek Meas Rice Milling and the founder of Lor Eak Heng Sek Meas Rice company. She took over the family-owned rice milling business from her father in 1994. Over the years, as she observed the industry’s potential, growing market demand, and pursued her dream of exporting rice abroad, she began developing and expanding the business in 2011.

She shared how her rice export journey began, mentioning that she used a loan as working capital to purchase rice and increase her stock. This enabled her to fulfill her dream of exporting rice for the first time in 2014. Today, her company exports rice to Europe, the United States, and mostly to the Chinese market.

She also shared that expanding the business was difficult due to limited capital and a lack of knowledge about standard machinery. However, these challenges did not stop her, as she spent time learning and raising capital to equip the business with machinery that met operational standards.

“I expand in stages. Each year, we focus on expanding specific areas. We need to have a clear goal for what we want to expand each year to produce rice.” she said.

Her business expansion continued to face capital constraints until she received information about a business loan guarantee from the Cambodia Rice Federation. She then applied for a loan as working capital to expand her business. She added, “This guaranteed loan is beneficial because we already have loans at commercial banks. Since CGCC does not require collateral, we can apply for a guaranteed loan through CGCC’s partner bank as additional working capital.”

She recalled starting the business alongside her father with just two workers. Over time, the business has grown to employ 40 workers. Today, her rice mill produces between eight and ten containers a day, with each holding 24 tons. She is also able to purchase around 600 tons of wet paddy daily, compared to less than 100 tons in the past when traditional drying methods were used.

“Before, I was only able to buy paddy rice that farmers brought in for retail. After expanding my business, I installed a paddy drying machine and began purchasing paddy delivered by truck in large volumes,” she emphasized.

Her ambition did not stop there. She wishes to expand her business and contribute to Cambodia’s rice exports, with the aim of promoting Cambodian rice products, helping rice farmers access markets, and supporting the national economy. In early 2026, Mrs. Lor Seng Leap received a certificate of appreciation and an award as a top performing beneficiary of CGCC who utilized guaranteed loans effectively. The award was presented to her by His Excellency Dr. Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance.

Download PDF: Inspiring Woman Entrepreneur in the Rice Sector: Growing from Family Businesses to International Markets

 

 

CGCC Attends the 38th ACSIC Conference on “Strengthening Global Credit Guarantee Ecosystem Through Cooperation, Innovation and Resilience” in Mumbai, India

Posted on by Sokunthea Nong

From 22 – 25 April 2026, under the high leadership of H.E. Dr. Mey Vann, Secretary of State of the Ministry of Economy and Finance and a member of the Board of Directors of CGCC, accompanied by management and team of CGCC and the Non-Bank Financial Services Authority attended the 38th ACSIC Conference on “Strengthening Global Credit Guarantee Ecosystem Through Cooperation, Innovation and Resilience” in Mumbai, India with approximately 100 delegates from 20 institutions worldwide attended the conference.

This conference is held annually to create a forum for experts from all member institutions of ACSIC to provide mutual feedback and gather input for dialogue globally on the credit guarantee system, and to provide an opportunity for all participants to learn more about the mechanisms for providing and accessing financing, risk management, and the innovative use of technology in managing and improving the credit guarantee system. In addition, it is a forum for connecting many financial professionals from member countries to enhance relations for future cooperation, contributing to the strengthening of the global credit guarantee system.

CGCC, as a member of ACSIC, was pleased to participate in a series of international forums to study the global credit guarantee system to ensure increased access to finance for micro, small, and medium enterprises (MSMEs), contributing to inclusive national economic development.

CGCC Participates in the WE Share Season 2 program, under the theme “Building Good Governance to Ensure Operational Efficiency and Sustainability”

Posted on by Sorn Chhorvyvatey

On 08 April 2026, Ms. Chun Sothany, Director of the Department of Strategy and Business Development of CGCC, participated as an honorary speaker in the WE Share Season 2 program, under the theme “Building Good Governance to Ensure Operational Efficiency and Sustainability,” organized by the Cambodia Women Entrepreneurs Association (CWEA) at the CGCC Office.

 In this event, Ms. Sothany was pleased to share her personal experiences and perspectives on building good governance for organizations and implementation in all businesses, serving as an input for participants in transforming a business from a regular business into a business full of confidence from all stakeholders, to help ensure the efficiency and sustainability of the country’s economy. 

The WE Share Season 2 program is a sharing platform for women entrepreneurs to learn more about leadership, management, planning, and implementation as complementary inputs to strengthen personal capacity and advance their business development. CGCC is pleased to support Cambodian women entrepreneurs through today’s event and strongly believes that women entrepreneurs will gain practical knowledge, experience, and expand networking for their own capacity building and business development. 

 

 

Meet a Small Fisheries Enterprise with a Big Dream

Posted on by Sorn Chhorvyvatey

Siem Reap Province: My name is Kim Sophors, and I am the owner of Spotlight Foods Enterprise. I produced dried fish, fermented fish, stuffed frog, and fish processing products such as crispy fish skin and fried fish bone. This business began as a family operation passed down from my mother. In 2019, my husband and I started focusing on improving and strengthening our product standards. Today, we have 3 full-time employees and 2 part-time employees.

Starting my business wasn’t easy. I began by following the traditional methods my mother taught me, but those methods made it hard to keep up with what the market demands. Because our production depended on natural condition, we could only produce dried fish during the dry season, which limited our supply. On top of that, I didn’t have enough knowledge about food safety, product standards, or modern machinery that could streamline our production chain. At that time, my production volume was very small, and I didn’t have the confidence to accept large orders.

In 2024, I learned about the Investment Support Facility (ISF) project from a friend. I looked for more information and decided to apply.  As a result, I received support to strengthen my processing capacity to standardize and modernize the infrastructure of my production.

Through this project, I received facility support, including a solar drying house and a freezer. I also gained new knowledge through capacity-building training on production, food safety, and the Certificate of Compliance to Requirements of the Cambodia Quality Seal (CQS) facilitated by UNIDO. In addition, I secured a guaranteed loan from CGCC through one of its PFI, under the ISF project, which helped me upgrade my infrastructure to meet building standards for handicraft production and purchase additional equipment.

Since receiving support from the project and the guaranteed loan from CGCC, my business has become about 20 percent more profitable. Before, I could only produce between 20 and 30 kilograms of fresh fish per day. Now, I can produce between 100 and 150 kilograms per day or even more depending on the orders I receive. On average, I produce between 50 and 70 kilograms of dried fish per day. Previously, I could produce less than 10 kilograms of dried fish.

I am really proud of this growth because it has not only increased my business revenue, but it has also created jobs for my team, boosted the income of fishermen and fish farmers, and local grocery sellers.

In addition, I feel even more confident in my products now because my dried fish has passed laboratory testing and is officially registered. Today, my products are sold in markets around Siem Reap and are distributed by traders to retails shops in the provinces and to restaurants. Also, I am currently working closely with AEON Malls  and Chip Mong Supermarkets to bring my products on their shelves, and I’m hopeful that they will be available there in early 2026. Looking ahead, I truly believe that within the next two years, Spotlight Foods Enterprise will reach international markets.

Download PDF: Meet a Small Fisheries Enterprise with a Big Dream

 

CGCC participated in the Membership Forum of Cambodian Women Entrepreneurship Association (CWEA)

Posted on by Sorn Chhorvyvatey

On 27 February 2026, Ms. Chun Sothany, Director of the Department of Strategy and Business Development of CGCC, and colleagues, participated in a membership forum organized by the Cambodian Women Entrepreneurs Association (CWEA) at the Women’s Economic and Entrepreneurship Development Center (WEDC).

 

Through this forum, Ms. Chun Sothany gave brief introduction of CGCC to all women entrepreneurs who participated in this forum to learn more about CGCC, especially the Women Entrepreneurs Guarantee Scheme (WEGS), a scheme to support women entrepreneurs in access to finance with favorable conditions.

 

 

This forum is designed to create a platform for all women entrepreneurs to access opportunity to meet, exchange ideas, promote their products or services, as well as promote the activities and benefits that all women entrepreneurs receive in joining the CWEA.

Capacity Building Session for CGCC by CGIF on Developing the Cambodian Bond Market

Posted on by Sorn Chhorvyvatey

On 03 February 2026, through the strategic collaboration commitment, Credit Guarantee and Investment Facility (CGIF) conducted its first capacity building session and experience sharing for approximately 20 CGCC’s management and staff at CGCC’s Office.

Through this session, CGIF provided an in-depth overview of CGIF’s guarantee process and corporate credit risk management frameworks, while also aligning on CGIF’s country strategy for Cambodia to support sustainable, long-term growth.

This knowledge-sharing initiative is a part of the strategic collaboration under the Memorandum of Understanding between CGCC and CGIF, and underscores both institutions’ shared commitment to strengthening  capital market development in the region.

CGCC Participates in Climate Venture Scaler: Pipeline Development and Capital Facilitation

Posted on by Sorn Chhorvyvatey

On 11 December 2025​, Mr. No Lida, CEO of CGCC participated as a panelist in the Panel Discussion on “Fostering Climate Actions through Private Sector Development and Engagement in Cambodia.” It was held as part of the Climate Venture Scaler: Pipeline Development and Capital Facilitation, organized under the Climate Finance Network, hosted by the United Nations Development Program (UNDP) in partnership with the Impact Investment Exchange (IIX), with support from the Governments of the United Kingdom, Sweden, and Norway. The convening aimed to strengthen Cambodia’s climate finance ecosystem by promoting private sector participation, mobilizing capital, and supporting scalable climate solutions.

Mr. No Lida also shared the roles of the CGCC in providing credit guarantee to lending institutions in enabling SMEs access to finance to invest in climate-related initiatives and reduce carbon emissions in order to support sustainable economic growth in Cambodia. The discussion highlighted the need for strong collaboration between the government, financial institutions, development partners and the private sector to create a strong flow and sustain climate-focused investment opportunities, and to drive Cambodia’s transition towards a more resilient and climate-friendly economy.

 

Entrepreneurship Program Initiative of CGCC (EPIC 7)

Posted on by Sorn Chhorvyvatey

On 4 December 2025, in Battambang Province, Credit Guarantee Corporation of Cambodia (CGCC), and ABA Bank co-organized the EPIC 7 on “Business Operations in the Digital Age for MSMEs”, with the honorable presence of Mr. Ros Visith, Director of the Department of Industry, Science, Technology and Innovation, Battambang Province, Ms. Chun Sothany, Director of Strategy and Business Development of CGCC, Ms. Mak Davy, Deputy Chief of Medium Business Lending Officer at ABA Bank, and Micro, Small, and Medium Enterprise (MSMEs) owners in Battambang, along with management and staffs of the three institutions, approximately 70 participants.

As part of the EPIC 7’s agenda, participants were provided with a presentation on “Credit Guarantee Mechanisms to Increase Access to Finance for SMEs” by Mr. Se Kimveasna, Senior Executive of Marketing and Communication of CGCC, and a presentation on “Credit Assessment Procedures and Guaranteed Credit Products for Businesses” by Mr. Soeun Sobal, Provincial Branch Manager of ABA Bank.

In addition, participants learned about the core training topic on “Business Operations in the Digital Age for MSMEs” delivered by Ms. Chun Sothany. The session enhanced their understanding of the real challenges MSMEs face in adapting to rapid digital transformation and introduced them to practical digital tools to improve operations, marketing, and customer engagement. Participants also gained valuable insights into identifying appropriate solutions and support mechanisms, along with key strategies to increase their chances of securing financing and using loans effectively to strengthen and grow their businesses.

Capacity-building is one of the CGCC’s key priorities in improving financial inclusion and fostering the development of SMEs in Cambodia. EPIC is the flagship entrepreneurs’ capacity-building program of CGCC, providing training to MSMEs on relevant and practical topics of business operations and management for entrepreneurs, in collaboration with related stakeholders and Participating Financial Institutions.