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Our Newsletter Issue 01 is covered on credit guarantee’s news & information from October to December 2021. Click here to read and download: CGCC’s Newsletter Issue 01
លោក John Bell អគ្គនាយកធនាគារ ជីប ម៉ុង និង លោក Wong Keet Loong អគ្គនាយក សាជីវកម្មធានាឥណទានកម្ពុជា (ស.ធ.ក.) បានចុះហត្ថលេខា លើកិច្ចព្រមព្រៀងធានាឥណទាន ដែលប្រព្រឹត្តិឡើងនៅថ្ងៃទី១៣ ខែមករា ឆ្នាំ២០២២ នៅធនាគារ ជីប ម៉ុង សាខាមជ្ឈមណ្ឌល ជីប ម៉ុង បាក់ទូក ដើម្បីផ្តល់ការធានាលើកម្ចីដែលខ្វះទ្រព្យបញ្ចាំ សម្រាប់ពង្រីក និងទ្រទ្រង់ អាជីវកម្ម ជាពិសេសសម្រាប់សហគ្រាសធុនតូច-មធ្យម នៅកម្ពុជា។
ឆ្លៀតក្នុងឱកាសនោះផងដែរ លោក John Bell បានមានប្រសាសន៏ថា៖ “ធនាគារ ជីប ម៉ុង តែងតែឈរលើគោលជំហរជួយគាំទ្រដល់អាជីវកម្ម និងសហគ្រាសធុនតូច-មធ្យម នៅកម្ពុជា តាមរយៈការផ្តល់ប្រាក់កម្ចីចំនួនច្រើន ជាមួយអត្រាការប្រាក់ទាប និងសំណងរយៈពេលវែង។ លើសពីនេះទៅទៀត ធនាគារ ជីប ម៉ុង ក៏តែងតែស្វាគមន៏នូវរាល់កិច្ចសហការ ពីគ្រប់ភាគីពាក់ព័ន្ធក្នុងគោលដៅជួយអភិវឌ្ឍន៏ដល់អាជីវកម្ម និងសហគ្រាសធុនតូច-មធ្យមឱ្យកាន់តែរឹងមាំ និងមាននិរន្តរភាព។”
លោកបានបន្ថែមថា៖ “កិច្ចព្រមព្រៀងរវាង ធនាគារ ជីប ម៉ុង និង សាជីវកម្មធានាឥណទានកម្ពុជាក្នុងពេលនេះ នឹងជួយឱ្យអតិថិជនរបស់ធនាគារ ជីប ម៉ុង កាន់តែមានលទ្ធភាពខ្ពស់ក្នុងការទទួលបានកម្ចី បើទោះបីជាពួកគេពុំមានទ្រព្យតម្កល់គ្រប់គ្រាន់ក្តី។ កិច្ចសហការនេះ គឺពិតជាមានផលប្រយោជន៏ច្រើនមែនទែន មិនថាចំពោះអតិថិជន ចំពោះធនាគារ ក៏ដូចជាចំពោះសេដ្ឋកិច្ចជាតិទាំងមូល ព្រោះថាម្ចាស់អាជីវកម្មខ្នាតតូចនិងមធ្យមដែលកំពុងត្រូវការជំនួយផ្នែកហរិញ្ញវត្ថុ អាចស្នើកម្ចីពីធនាគារ ជាមួយលក្ខខណ្ឌប្រសើរជាងមុននិងចំនួនកម្ចីច្រើនជាងមុន ក្រោមកិច្ចធានាពីសាជីវកម្មធានាឥណទានកម្ពុជា។
លោក Wong Keet Loong ក៏បានគូសបញ្ជាក់ផងដែរថា៖ “ស.ធ.ក. មានសេចក្តីសោមនស្សរីករាយក្នុងការចុះហត្ថលេខាលើកិច្ចព្រមព្រៀងភាពជាដៃគូដំបូងគេបង្អស់សម្រាប់ឆ្នាំថ្មី ២០២២នេះ ជាមួយធនាគារ ជីប ម៉ុង។ ធនាគារជីប ម៉ុង នឹងក្លាយជា គ្រឹះស្ថានហិរញ្ញវត្ថុចូលរួមបន្ថែមរបស់ ស.ធ.ក. សរុបចំនួន ២២ ក្នុងការផ្តល់ប្រាក់កម្ចីដែលមានការធានា ដើម្បីគាំទ្រដល់បណ្ដាសហគ្រាសធុនតូច និងមធ្យម។”
លោកបានបន្តថា ៖ “ខណៈដែលសកម្មភាពអាជីវកម្មមានការរីកចម្រើន តម្រូវការកម្ចីសម្រាប់ជាទុនបង្វិល ឬការពង្រីកអាជីវកម្ម ក៏នឹងមានការកើនឡើងដែរ។ ការធានាឥណទាននឹងផ្តល់អត្ថប្រយោជន៍ដល់ម្ចាស់អាជីវកម្ម លើតម្រូវការទ្រព្យបញ្ចាំពីធនាគារ នៅពេលស្នើសុំកម្ចី។ ស.ធ.ក. មានសុទិដ្ឋិនិយមថា អាជីវកម្ម រួមទាំងសហគ្រាសធុនតូច និងមធ្យម កាន់តែច្រើន នឹងទទួលបានអត្ថប្រយោជន៍ពីការធានាឥណទាននេះ។”
គួររំលឹកផងដែរថា តាមរយៈកិច្ចព្រមព្រៀងរវាងធនាគារជីបម៉ុង ជាមួយសាជីវកម្មធានាឥណទានកម្ពុជានេះ នឹងអាចជួយសម្រួលដល់ម្ចាស់អាជីវកម្ម និងសហគ្រាសធុនតូច-មធ្យមដែលមានលទ្ធភាពសង និងកំពុងត្រូវការកម្ចីសម្រាប់អភិវឌ្ឍន៏អាជីវកម្ម ប៉ុន្តែខ្វះទ្រព្យបញ្ចាំ ឥឡូវនេះពួកគេអាចធ្វើការស្នើកម្ចីពីធនាគារ ជីប ម៉ុង បានដោយមានទំនុកចិត្ត។
អំពីធនាគារ ជីប ម៉ុង
ធនាគារ ជីប ម៉ុង ជាធនាគារពាណិជ្ជបែបឌីជីថល បង្កើតឡើងនៅខែមករា ឆ្នាំ២០១៩ និងមានក្រុមហ៊ុន ជីប ម៉ុង ជាភាគទុកនិកដ៏រឹងមាំ។ ក្នុងប្រតិបត្តិការជាង៣ឆ្នាំមកនេះ ធនាគារ ជីប ម៉ុង មានទ្រព្យសកម្មសរុបជាង ៨០០លានដុល្លារអាមេរិក ដែលក្នុងនោះឥណទានសរុបកើនឡើងជាង ៥០០លានដុល្លារអាមេរិក និងទទួលបានប្រាក់បញ្ញើពីអតិថិជនជាង ៧០០លានដុល្លារអាមេរិក។
អំពីសាជីវកម្មធានាឥណទានកម្ពុជា (ស .ធ.ក.)
ស.ធ.ក. គឺជា សហគ្រាស សាធារណៈ ស្ថិតនៅក្រោមអាណាព្យាបាលបច្ចេកទេស និងហិរញ្ញវត្ថុ របស់ក្រសួងសេដ្ឋកិច្ច និងហិរញ្ញវត្ថុ និងបានចុះបញ្ជីជាផ្លូវការ នៅខែវិច្ឆិកា ឆ្នាំ២០២០។ បេសកកម្ម ចម្បងរបស់ ស.ធ.ក. គឺ ផ្តល់ ការធានា ឥណទាន លើក ម្ចី ដែល ផ្តល់ ឱ្យ អាជីវកម្ម ដើម្បី ចែករំលែក ហា និ ភ័យ ជាមួយ ស្ថាប័ន ផ្តល់ ក ម្ចី និង បង្កើន បរិយាប ន្ន ហិរញ្ញវត្ថុ។
គិតត្រឹមថ្ងៃទី១១ ខែមករា ឆ្នាំ២០២២នេះ ស.ធ.ក បានផ្តល់ការធានាឥណទាន ដល់អាជីវកម្មសរុបចំនួន១៩៩ ក្នុងទំហំទឹកប្រាក់២២លានដុល្លារអាមេរិក ដែលក្នុងនោះ ៩៥% នៃចំនួនអាជីវកម្មដែលទទួលការធានាសរុប បានផ្តល់ជូនទៅសហគ្រាសធុនតូចនិងមធ្យម (SME)៕
Credit to: ក្រសួងព័ត៌មាន Ministry of Information
Credit Guarantee Corporation of Cambodia (CGCC) and Chip Mong Bank Plc. officially announce the partnership in the signing ceremony on Credit Guarantee Agreement on January 13, 2022 at Chip Mong Bak Touk Center, to provide guaranteed loans to businesses especially SMEs who lack of collaterals for their businesses’ working capital and investment.
Mr. John Bell, President of Chip Mong Bank said “Chip Mong Bank has always been committed to supporting businesses and small and medium enterprises (SMEs) in Cambodia by providing a wide range of loans with low interest rates and long-term repayments. In addition, Chip Mong Bank always welcomes any cooperation from all stakeholders in order to help develop businesses and SMEs to be stronger and more sustainable.”
He added: “The current agreement between Chip Mong Bank and the Credit Guarantee Corporation of Cambodia will help Chip Mong Bank customers to be more likely to get a loan even if they do not have enough collateral. This collaboration is very beneficial for customers, the bank as well as the national economy, as SMEs business owners who are in need of financial assistance can apply for a bank loan with better terms and larger number of loans under the guarantee from CGCC.”
Mr. Wong Keet Loong, CEO of CGCC said that: “CGCC is delighted to sign our 1st partnership agreement for 2022 with Chip Mong Bank. This partnership will make up a total of 22 participating FIs for CGCC to provide guaranteed loans to SMEs.
He added : “As business activities improve, the demand for loans for working capital or business expansion will increase. The credit guarantee will be beneficial to support the collateral required for business owners when they apply for their loans. We are optimistic that more SMEs or businesses will benefit from the guaranteed loans.”
The partnership agreement between CGCC and Chip Mong Bank will be the key supports to facilitate the business owners, including SMEs, who are financially viable and are in need of loans for business development, but now lack collateral. You can apply for a loan from Chip Mong Bank with confidence.
About CGCC
CGCC is a state-owned enterprise operated under the technical and financial guidance of the Ministry of Economy and Finance (MEF), and officially incorporated in November 2020. CGCC’s mission is to provide credit guarantees to lenders on loans made to businesses based on international standards to share the risk with lenders and to improve financial inclusion.
As of 11 January 2022, CGCC has supported 199 businesses by providing credit guarantee for their loan applications, amounting to more than USD 22 million. In term of type of borrowers, CGCC has provided the most to SMEs, which is accounted for 95% of the total businesses receiving the credit guarantee from CGCC.
About Chip Mong Bank
Chip Mong Bank is a digital commercial bank established in January 2019 and has a strong shareholding from Chip Mong Group. In the more than three years of operation, Chip Mong Bank has total assets of more than USD 800 million, of which total loans have increased by more than USD 500 million and received deposits more than USD 700 million.
Credit Guarantee Corporation of Cambodia (CGCC) is organizing a virtual seminar on “Credit Guarantee – Benefits & Opportunities to Support Small and Medium (SME) Development” today with support from the Ministry of Economy and Finance, Asian Development Bank (ADB), and the United Nations Capital Development Fund (UNCDF).
The seminar brings together relevant stakeholders including the Government, Development Partners, Financial Institutions, and business representatives to discuss the benefits and opportunities of using credit guarantees to support business survival and expansion.
The extent to which credit guarantees can contribute to restoring the economy depends on the lenders’ and borrowers’ perspectives toward credit guarantees.
The seminar, therefore, focuses the discussion on their perspectives toward credit guarantees. All speakers shared a common view that lack of collateral is one of the main challenges for businesses to access formal loans.
They agreed that credit guarantees can support banks and Micro-Finance Institution (MFIs) to lend out more to businesses, especially those who lack collateral.
The seminar also digs into stakeholders’ ongoing efforts to improve SME access to finance for the economic re-opening in Cambodia.
The Government has introduced many policy interventions to support SME access to finance. In addition, relevant stakeholders have spared efforts which include, among others, increasing financial literacy, introducing innovative financial solutions, and upgrading financial sector infrastructure. The panelists demonstrated their commitment to continue supporting SMEs’ access to financial services.
Prominent speakers in this seminar include the President of Federation of Associations of SMEs of Cambodia (FASMEC), Vice President of Cambodia Women Entrepreneurs Association (CWEA), President of Young Entrepreneurs Association of Cambodia (YEAC), Chairman of Cambodia Microfinance Association & CEO of AMK Microfinance, CEO of Canadia Bank, Deputy Director-General of General Department of Policy of Ministry of Economy and Finance, and Senior Financial Sector Specialist from the ADB, and Senior Regional Technical Advisor from UNCDF, and CGCC’s management.
This seminar attracted more than 300 participants from various institutions – Government, development partners, financial institutions, and business communities.
CGCC is a state-owned enterprise under the financial and technical guidance of the Ministry of Economy and Finance.
CGCC’s mission is to provide credit guarantees to lenders on loans made to businesses. As of 10 December 2021, CGCC has provided guarantees for 173 loans with a total amount of over U$20 million.
Credit to: Khmer Times, December 17, 2021
Credit Guarantee Corporation of Cambodia (CGCC) organized a virtual seminar on “Credit Guarantee – Benefits & Opportunities to Support Small and Medium (SME) Development” on 16 December 2021, with support from the Ministry of Economy and Finance, Asian Development Bank (ADB), and the United Nations Capital Development Fund (UNCDF). The seminar brings together relevant stakeholders including the Government, Development Partners, Financial Institutions, and business representatives to discuss the benefits and opportunities of using credit guarantees to support business survival and expansion.
The extent to which credit guarantees can contribute to restoring the economy depends on the lenders’ and borrowers’ perspectives toward credit guarantees. The seminar, therefore, focuses the discussion on their perspectives toward credit guarantees. All speakers shared a common view that lack of collateral is one of the main challenges for businesses to access formal loans. They agreed that credit guarantees can support banks and Micro-Finance Institution (MFIs) to lend out more to businesses, especially those who lack collateral.
The seminar also digs into stakeholders’ ongoing efforts to improve SME access to finance for the economic re-opening in Cambodia. The Government has introduced many policy interventions to support SME access to finance. In addition, relevant stakeholders have spared efforts which include, among others, increasing financial literacy, introducing innovative financial solutions, and upgrading financial sector infrastructure. The panelists demonstrated their commitment to continue supporting SMEs’ access to financial services.
Prominent speakers in this seminar include the President of Federation of Associations of SMEs of Cambodia (FASMEC), Vice President of Cambodia Women Entrepreneurs Association (CWEA), President of Young Entrepreneurs Association of Cambodia (YEAC), Chairman of Cambodia Microfinance Association & CEO of AMK Microfinance, CEO of Canadia Bank, Deputy Director General of General Department of Policy of Ministry of Economy and Finance, and Senior Financial Sector Specialist from the ADB, and Senior Regional Technical Advisor from UNCDF, and CGCC’s management. This seminar attracted more than 300 participants from various institutions – Government, development partners, financial institutions, and business communities.
CGCC is a state-owned enterprise under the financial and technical guidance of the Ministry of Economy and Finance. CGCC’s mission is to provide credit guarantees to lenders on loans made to businesses. As of 10 December 2021, CGCC has provided guarantees for 173 loans with a total amount of over USD 20 million.
On 10 December 2021, the 7th Board of Directors Meeting of Credit Guarantee Corporation of Cambodia (CGCC) was organized virtually, in the presence of H.E. Ros Seilava, Secretary of State of the Ministry of Economy and Finance, and the chairman of the CGCC’s Board of Directors, along with the presence of other 6 Board of Directors members.
The agenda of this 7th Board of Directors Meeting included: (1) CGCC progress report, (2) 4th Batch PFI applications, (3) Investment plan, (4) Risk management framework and risk appetite framework, (5) Amendment of credit guarantee system implementation agreement, (6) Procurement plan for 2022 of CGCC, (7) other matters.
CGCC’s Board of Directors Meeting is regularly organized to review, evaluate, and seek recommendations and decisions on CGCC’s activities and progress, especially the credit guarantee schemes of CGCC, in order to ensure transparency and efficiency.
On 06 December 2021, Mr. No Lida, Deputy CEO of CGCC, has attended as a panelist in the workshop on “Access to Finance for SMEs and Women Entrepreneurs-Challenges and Solutions” organized virtually by the Association of Banks in Cambodia (ABC), the Cambodia Microfinance Association (CMA), and PACT Cambodia.
This workshop aims to engage and build the bridge between stakeholders (banking and financial institutions, small and medium enterprises—SMEs, Women Entrepreneurs, government and development partners) to address the challenges of SMEs and women entrepreneurs in accessing finance and discuss the solutions for this issue.
Mr. Lida has shared the roles of CGCC and the ongoing practical experiences/perspectives in response to the panel discussion topic on “Promote and raise awareness on how to apply for a loan for business”. The discussion also participated by related financial institutions to share comments, and recommendations for SMEs and women entrepreneurs to expand their understanding of access to finance.
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CGCC’s CEO, Mr. Wong Keet Loong, on 26 November 2021, attended the Annual Micro Finance Conference 2021 via online, within the topic of Microfinance Sector Resilience and Economic Recovery amid the COVID-19 Pandemic: “Challenges and Opportunities”, and also participated as a panelist in the panel discussion within the topic of “Key Reflection of Covid-19 response and future perspective to accelerate the economic recovery”.
This event was organized by Cambodia Microfinance Association (CMA) with participation from related stakeholders such as government institutions, development agencies, especially the financial institutions including banks and Microfinance.
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Credit to: Khmer Times
With support from the Credit Guarantee Corporation of Cambodia, business owners affected by the pandemic can now take loans from Wing Bank to resume their operation.
Wing Bank (Cambodia) Plc and the Credit Guarantee Corporation of Cambodia (CGCC) officially kicked off the credit guarantee agreement to collaborate on disbursing loans to business operators in Cambodia who may face difficulty obtaining loans due to lack of sufficient collaterals.
This partnership will involve Wing Bank taking part in the Credit Guarantee Schemes with CGCC to support those businesses adversely affected by the Covid-19 pandemic including micro, small and medium enterprises to large firms to ease their access to formal loans for working capital and investment or business expansion.
“I am very delighted that we can now increase our financial support to more business owners with the collaboration with CGCC, “said Mr. Han Peng Kwang, Wing Bank’s Chief Executive Officer. “We have developed extensive financial products and services to help business owners in Cambodia. The partnership today will be another catalyst to further our reach to them.”
CGCC will support Wing Bank in guaranteeing the loans to borrowers whose businesses are deemed viable but lack collateral by providing credit guarantees as additional security, thereby reducing the required collaterals.
After its official launch as a commercial bank in April 2021, Wing Bank has put in place many financial products and services to meet the needs of individual customers and business owners. All can be accessed through Wing Bank, Wing Money App, and more than 10,000 Wing Cash Xpress agents across Cambodia.
Under this partnership agreement, Wing Bank becomes one of the 20 Participating Financial Institutions (PFIs) of CGCC in providing guaranteed loans to businesses, including SMEs, that lack collateral for their working capital and business expansion.
Mr Wong Keet Loong, Chief Executive Officer of CGCC mentioned that, “Our partnership with Wing Bank is strategic for CGCC to tap on the wide coverage of Wing Bank’s innovative array of financial products via its digital network. This will propel CGCC into the digital space by offering our guarantee for loans to businesses in the Wing’s digital eco-systems.”
Established in 2020, CGCC is aimed at improving financial inclusion and developing the growth of SMEs through providing credit guarantees to lenders on loans made to businesses based on international standards.
Cambodian Business owners with more than 50% ownership can now approach Wing Bank for the CGCC’s guarantee scheme or contact it directly via its website www.cgcc.com.kh for more information.
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