Cambodia, Indonesia offer financial support to SMEs, people

Cambodia’s State-run Rural Development Bank has approved a 50 million USD credit package for local small and medium-sized enterprises (SMEs) that are operating in agriculture.

Speaking at a ceremony to announce the credit support package, Kao Thach, the bank’s Director General said more than 500,000 local SMEs could benefit from the fund to increase their productivity and improve their competitiveness.

He said enterprises can borrow up to 300,000 USD on each loan, with a six percent annual interest rate for loans used as working capital and 6.5 percent for that used for investment.

In full: https://en.vietnamplus.vn/cambodia-indonesia-offer-financial-support-to-smes-people/170226.vnp

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