ARDB set to hand SMEs $20M

The state-owned Agricultural and Rural Development Bank (ARDB) will soon disburse $20 million in special credit as part of the $50 million they released in March in loans to small and medium-sized enterprises (SMEs) in the agricultural sector.

Currently, ARDB has received 153 SME loan applications totalling around $20 million. ARDB has approved $500,000 of that amount and plans on accepting more applications, said its CEO Kao Thach.

“I think the loans will help a lot for farmers in the agricultural sector and we will continue to spread information to the locals so that they can access the loans,” he said.

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