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Tag: SME Development

CAPFish-Capture End-Project Event Technical Workshop (Output 2) on Advancing Competitiveness for Better Fisheries Business Growth in Cambodia

Posted on by Sorn Chhorvyvatey

On 8 October 2025, Mr. No Lida, CEO of CGCC and Ms. San Sokrina, Senior Manager, Head of Product Development and Cooperation Division participated in The CAPFish-Capture End-Project Technical Workshop under the theme “Advancing Competitiveness for Better Fisheries Business Growth in Cambodia” organized by UNIDO in collaboration with the Fisheries Administration (FiA) and the European Union under the chairmanship of H.E. Has Sareth, Secretary of State of the Ministry of Agriculture, Forestry and Fisheries and attended by many policymakers, development partners and private sector representatives, with the aim of reviewing project achievements, sharing lessons learned and exploring strategies for sustainable private sector growth in Cambodia’s fisheries sector.

Mr. No Lida participated in the Panel Discussion 1 under the topic: “Value Chain and Blended Finance Support to Promote Competitiveness and Food Safety Compliance” alongside representatives from the Fisheries Administration, CGCC’s PFI, and international expert in private sector development which focuses on promoting value chain financing, food safety compliance, and competitiveness to strengthen market access for Cambodian fisheries products.

Ms. San Sokrina also participated in Panel Discussion 2 under the topic: “Business Development Service and Business Association Support for Inclusive and Sustainable Private Sector Development” focuses on understanding the importance of business plans for Cambodian fisheries enterprises in obtaining financing to support sustainable fisheries business development.

The workshop concluded with the recognition of key contributors and change leaders who have supported value chain improvements and inclusive business growth. Through their active participation in the discussions, CGCC reaffirmed its commitment to fostering innovation, partnership, and competitiveness in Cambodia’s fisheries value chain.

 

CGCC Participates in 33rd ACSIC Training Program 2025 in Manila, the Philippines

Posted on by Sorn Chhorvyvatey

From 22nd to 25th September 2025, CGCC Delegation, led by Mrs. Kim Sophay, Director of Internal Audit Department of CGCC​​ and joined by Ms. Kem Chanthavy, Deputy Manager of Marketing and Business Development Division and Mr. Am Deth, Deputy Manager of IT Infrastructure & Security Division  attended the 33rd Asian Credit Supplementation Institution Confederation (ACSIC) Training Program 2025 held in Manila, Philippines, hosted by PHILGUARANTEE, under the theme “Enabling Credit Guarantees to Mobilize Funds for Sustainable and Inclusive Economic Development”.

This training program was participated by approximately 85 delegates from members and observers’ institutions of 13 ACSIC institutions from 11 different countries). The event served as a platform to showcase best practices, foster collaboration, and explore innovative approaches to strengthening financing for small and medium enterprises (SMEs).

Over the course of the training program, participants engaged in robust discussions with international experts, government representatives, and ACSIC member institutions. The sessions are centered on improving access to finance for SMEs, with a special focus on the pivotal role of credit guarantees in driving sustainable development.

This training program also provided a valuable opportunity for CGCC’s delegates to expand the network with other peer guarantee institutions, opening the door for future cooperation and knowledge sharing that will support CGCC’s development. Importantly, CGCC’s delegation also learned how ACSIC Training Program is organized, a useful experience for CGCC to host the 34th ACSIC Training Program in 2026 where Cambodia is a host country.

ACSIC is the cooperation of the largest Asia’s credit guarantee organization established in 1987, designed for improving the credit guarantee system in Asia.

CGCC represents Cambodia in the KOICA Fellowship Program on Capacity Building on Innovative Financing on MSMEs (2025–2027) in Seoul, Republic of Korea

Posted on by Sorn Chhorvyvatey

From 14 to 27 September 2025, Mr. Nhim Soriya, Director of Finance and Business Analytics and Ms. Chum Selarath, Manager of Business Development (Bond Guarantee), represented Cambodia in the KOICA Fellowship Program on Capacity Building on Innovative Financing on MSMEs (2025–2027) held in Seoul, South Korea.

Organized by the Korea International Cooperation Agency (KOICA) in collaboration with the Korea Credit Guarantee Fund (KODIT), the program brought together highly skilled and experienced professionals and representatives from financial and SME related institutions of other 6 countries to train and share experience mainly on guarantee mechanism and green financing.

Over two weeks, participants engaged in an intensive curriculum that included expert lectures, institutional visits, and case discussions focusing on:

  • Sustainable development and transition finance
  • Green finance mechanisms and ESG integration in financial systems
  • Korea’s strategic roadmap for green transition and taxonomy
  • Financial support instruments such as loan guarantees, P-CBOs (Primary Collateralized Bond Obligations), and public-private partnership guarantees
  • Greenhouse gas emissions evaluation and MRV (Monitoring, Reporting, and Verification) systems
  • Real-world insights through visits to innovative green SMEs and start-ups supported by Korea’s financial institutions

The program emphasized Korea’s robust credit guarantee frameworks and innovative approaches to de-risking MSME finance. As a Cambodia’s national credit guarantee institution, CGCC is committed to leveraging the knowledge and experience gained through this program to strengthen its guarantee schemes. By adapting international best practices especially in green and sustainable finance, CGCC aims to enhance access to finance for Cambodian MSMEs, support climate-aligned business development, and contribute to the country’s broader economic resilience and sustainability goals.

 

7th Investment Committee Meeting of the Value Chain Investment Support Facility (ISF)

Posted on by Sorn Chhorvyvatey

On 12 September 2025, Credit Guarantee Corporation of Cambodia (CGCC) organized the 7th Investment Committee Meeting, the final meeting of the Value Chain Investment Support Facility (ISF) program, at the Capri Phnom Penh Hotel and via online. The meeting was chaired by Mr. Khaw Kuong, Deputy Director of the Fisheries Administration and Chairman of the Investment Committee of the ISF program, and was attended by key stakeholders, including representatives of the Fisheries Administration (FiA), the Cambodia Food Manufacturers Association (CFMA), the UNIDO project team, the European Union delegation, CGCC representatives including Mr. No Lida, CEO of CGCC, Ms. San Sokrina, Senior Manager of Product Development and Cooperation of CGCC, along with the working group and three other financial institutions, to review, evaluate and approve the business plans of the enterprises.

The CGCC team presented the progress of the ISF project and the business plans of the enterprises for the committee to review, evaluate and approve the business plans of those enterprises. In addition, the meeting also focused on the ongoing investments, funds used and achievements of enterprises that received investment support from the ISF project in the past. The ISF program is a new financing model of the CAPFISH-Capture project, funded by the European Union (EU), implemented by UNIDO and the Fisheries Administration (FiA), and the program is managed and funded by CGCC under the Post-Harvest Fisheries Guarantee Scheme (PFGS).

As of the end of August 2025, CGCC had approved credit guarantees for a total of 21 enterprises with a total investment of approximately 1.8 million USD, of which grants amounted to 463,584 USD, equivalent to 25.71%, guaranteed loans amounted to 579,500 USD, equivalent to 32.14%, and direct participation from enterprises (Equity) amounted to 760,006 USD, equivalent to 42.15%.

 

CGCC Participates with the Business Development Center and the National Blood Transfusion Center Again Under the Theme ” My Blood is a Gift of Love – A Gift That Saves Lives”

Posted on by Sorn Chhorvyvatey

“Donating blood is like giving hope and a second life to those in need.”

On 12th September 2025, at the Business Development Center, CGCC staff were pleased to participate once again with the Business Development Center and the National Blood Transfusion Center again this year under the theme ” My Blood is a Gift of Love – A Gift That Saves Lives ” with the aim of donating blood to save the lives of victims who are in need.

 

 

CGCC’s 2nd Roadshow of 2025 to Promote Credit Guarantees to PFIs Branches in Stung Treng, Kratie, Tbong Khmum, and Prey Veng Provinces

Posted on by Sorn Chhorvyvatey

From 8 to 12 September 2025, CGCC team, led by Mr. Eng Tongngy, Director of Risk and Compliance of CGCC, visited provincial branches of selected Participating Financial Institutions (PFIs). The purpose of the visit was to engage with the management and staff of these selected PFIs to discuss the implementation of CGCC’s credit guarantee mechanisms, and to raise more awareness about the credit guarantee. These selected PFIs include:

– Steung Treng: Prince Bank and ABA Bank

– Kratie: ABA Bank, Prince Bank and Sathapana Bank

– Thbong Kmum: ARDB Bank, Peince Bank and Sathapana Bank

– Prey Veng: Phillip Bank and ABA Bank

The discussions with CGCC PFIs’ provincial branches in these potential provinces provided valuable opportunities for both CGCC and PFIs to enhance mutual understanding of credit guarantees, to build a closer relationship, to improve service quality, and opportunities for PFIs to increase access to finance for SMEs in the provinces, contributing to economic growth in the regions.

 

CGCC Participates in the Cambodian Products Exhibition 2025 Under the Theme “Strengthening and Expanding Local Manufacturing Capabilities”

Posted on by Sorn Chhorvyvatey

From 11 to 13 September 2025, at the Koh Pich Convention and Exhibition Center, CGCC participated as one the co-organizers in the Cambodian Products Exhibition 2025 under the theme “Strengthening and Expanding Local Manufacturing Capabilities” organized by the Federation of Associations for SMEs of Cambodia (FASMEC) presided over  by H.E. Akka Pundit Sopheacha Aun Porn Moniroth, Deputy Prime Minister, Minister of Economy and Finance,  high representative of Samdech Moha Bovor Thipadei Hun Manet, Prime Minister of Cambodia.

The Cambodian Products Exhibition 2025 has approximately 300 booths displaying more than 100 types of locally produced Cambodian products, in which CGCC also plays a role in promoting local products through providing credit guarantees on business loans to contribute to improving the financial inclusion and promoting locally products produced by Cambodian-owned SMEs.

The 3rd Roadshow to CapFish-Capture Supporting Enterprises: CAPFISH-Capture Journey Concludes, the Impact Endures

Posted on by Sorn Chhorvyvatey

From 9 to 11 September 2025, in Kampong Thom and Siem Reap Province, CGCC, represented by Ms. San Sokrina, Senior Manager of the Product Development and Cooperation of CGCC, participated in the 3rd Roadshow to CapFish-Capture Supporting Enterprises: CAPFISH-Capture Journey Concludes, the Impact Endures.

This 3rd Roadshow was highly participated by H.E. Im Rachana, a spokeswoman of Ministry of Agriculture, Forestry and Fisheries (MAFF), representative of Fisheries Administration (FiA), EU Delegation and other EU Embassies, Influencers, CGCC representatives, Media and UNIDO project team to visit business locations of three enterprises under CAPFISH-Capture: Post-harvest Fisheries Development Project.

ISF is a joint project under CAPFISH-Capture: Post-harvest Fisheries Development Project jointly implemented by the Fisheries Administration and the United Nations Industrial Development Organization (UNIDO Cambodia), co-funded by the European Union, and having CGCC as a fund manager. The project is designed to encourage enterprises and business partners in the post-harvest fisheries sector to increase the productivity of products, especially in terms of raising food standards to be competitive in the domestic and international markets.

 

CGCC Participates in Cambodia National Conference 2025

Posted on by Sorn Chhorvyvatey

On 22 August 2025 at SUN & MOON Hotel, Mr. No Lida, CEO of CGCC, and colleagues, participated as a key speaker at the Cambodia National Conference 2025 of CorporateConnections Cambodia, which was attended by leaders, members, national and international speakers, and distinguished guests. The conference was a valuable opportunity to network with local and international business owners and learn more about their own business leadership experiences.

Through this conference, Mr. No Lida also shared CGCC’s support for SMEs through our services and products, including loan guarantee, bond guarantee, and the Entrepreneurship Program Initiative of CGCC (EPIC), to support the development of SMEs in Cambodia.

CorporateConnections is a global business networking community established with the goal of connecting leaders around the world and empowering them to create meaningful business opportunities and positive changes in their organizations, communities, and lives. Currently, CorporateConnections is present in 33 countries and has a total of 1,700 members. The goal of CorporateConnections Cambodia is to bring Cambodia to the world and bring the world to Cambodia.

 

CGCC Guarantees over $365 Million in Loans

Posted on by Sorn Chhorvyvatey

Synopsis: The credit guarantee mechanisms play a crucial role in supporting micro, small and medium-sized enterprises (MSMEs) that require financing to expand their production capacity.

The Credit Guarantee Corporation of Cambodia (CGCC) has guaranteed more than $365 million in loans as of July 31, 2025, reflecting steady progress in its mission to support businesses’ access to finance.

According to CGCC’s latest factsheet released yesterday, the total number of guaranteed accounts reached 6,579, with guaranteed loans amounting to $365.36 million. The outstanding guaranteed loan stood at $217.50 million, while the outstanding guaranteed amount totalled $148.83 million.

The data also revealed that wholesale guarantees (WG) surged in July, with $50 million approved, marking the highest monthly figure this year. Individual guarantees (IG) and portfolio guarantees (PG) have maintained consistent growth throughout 2025, with cumulative approved guaranteed loans of $61.58 million and $253.78 million, respectively.

In terms of loan distribution, Khmer Riel-denominated loans accounted for 246.4 billion riels ($61.58 million), of which 182.2 billion riels was guaranteed. Meanwhile, USD-denominated loans amounted to $303.41 million, with $210.75 million guaranteed.

Loan size analysis shows that guaranteed accounts in KHR ranged between 8 million riel and 1.28 billion riel, with an average loan size of 173 million riels. For USD loans, the minimum size was $1,000 and the maximum $1.2 million, with an average of $58,000.

Despite the strong uptake, CGCC reported a non-performing guarantee (NPG) rate of 8.91 percent.

CGCC also highlighted its $10 million guaranteed bond initiative, which forms part of its wider effort to enhance access to finance for businesses.

With the continued expansion of guarantee schemes, CGCC said it remains committed to supporting small and medium-sized enterprises (SMEs) and other businesses in securing the financing needed to expand operations and contribute to Cambodia’s economic growth.

No Lida, Chief Executive Officer of CGCC, said recently that credit guarantee mechanisms are playing a crucial role in supporting micro, small and medium-sized enterprises (MSMEs) that require financing to expand their production capacity.

“SMEs with strong potential often face difficulties in securing loans due to insufficient collateral or higher levels of risk that banks and microfinance institutions are unable to accommodate.

“In such cases, the Royal Government, through the CGCC, steps in to provide guarantees, allowing these enterprises to access much-needed credit,” he explained.

Through the CGCC, which covers up to 80 percent of loans extended to SMEs, the government aims to encourage banks and microfinance institutions to increase lending in line with the financing needs of the sector.

The scheme operates in partnership with a number of participating financial institutions (PFIs), including the state-owned Agriculture and Rural Development Bank and SME Bank, which provide working capital and investment credit to support business expansion.

Established in November 2020, the CGCC has become Cambodia’s principal credit guarantee institution, tasked with strengthening financial inclusion and promoting SME growth. Its guarantee programmes have been instrumental in helping MSMEs secure the financing required to seize new investment opportunities, create jobs and raise incomes.

Credit to: Khmer Times, Publish on 21 August 2025