US$20 Million Loan Fund to Support Cambodian Women Entrepreneurs

Cambodia Women Entrepreneurs Association (CWEA) and Canadia Bank have entered a memorandum of understanding of low-interest loan to promote female entrepreneurs with their business.

The official signing of the accord titled SME Smart Ladies Loan Package was done early this week in the presence of Minister of Women's Affairs H.E. Mrs Ing Kantha Phavi at Sorya Centre Point here in Phnom Penh.

Some 60 female entrepreneurs attended the signing of the loan package that aims primarily at financing women running and will operate small and medium-sized enterprise (SME), and providing them with necessary capacity building.

A total of US$20 million loan fund was committed to the tailored loan with as low as 7.8 percent interest rate.

According to the figure shared by CWEA, about 65 percent of small and medium enterprises in Cambodia are owned by women.

Source: Agency Kampuchea Press