CGCC

Co-Financing Guarantee Scheme for Tourism

CFGS-TR aims to support the recovery and survival of businesses in the tourism sector which was impacted by the Covid-19 pandemic. CFGS-TR is in line with the policies of the Royal Government of Cambodia to support the survival and economic recovery during and after the COVID-19 pandemic.

Benefits of CFGS-TR

Priority Sectors

Agriuculture

Industry

Services

Noted: *Non-Priority Sectors are those sectors besides the sectors listed above. Non-Priority Sectors are also eligible for the BRGS.

Eligible Borrowers

For loans to be qualified for the CFGS-TR, the borrowers must fall into the following criteria: 

The Borrower must be a majority Cambodian-owned business, shareholding of more than fifty (50) percent.

The Borrower must produce a business registration issued by appropriate government authorities.

The Borrower who is a non-registered SME must proceed with the registration after the guarantee is approved. If the borrower remains a non-registered SME, an additional guarantee fee of 0.5% per annum of the guaranteed amount will be imposed on every anniversary of the guarantee.

All Borrowers should be financially viable.

How to apply for CFGS-TR?

For loans to be qualified for the CFGS-TR, the borrowers must fall into the following criteria:

Step 1:

Borrower need to apply for a loan under CFGS-TR from any mutual Participating Financial Institutions (PFIs) of CGCC and SME Bank of Cambodia.

Step 2:

After approving the loan using their own appraisal method, PFIs shall submit the Guarantee Application Form to CGCC for guarantees not more than 60 days from the approval date.

Step 3:

CGCC shall review the loans and Guarantee Application to decide whether to approve the guarantee or not. In the case the guarantee is approved, CGCC shall issue a Letter of Guarantee and billing to the PFIs.

Step 4:

CGCC shall review the loans and Guarantee Application to decide whether to approve the guarantee or not. In the case the guarantee is approved, CGCC shall issue a Letter of Guarantee and billing to the PFIs. In case the Tourism Recovery Co-financing loan drawdown is rejected by the SME Bank of Cambodia, the Letter of Guarantee issued by CGCC will become invalid.

CFGS-TR Scheme Features

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