State-owned financial institutions Small and Medium Enterprise Bank of Cambodia (SME Bank) and Agricultural and Rural Development Bank of Cambodia (ARDB) have disbursed $63.44 million in loans to small and medium-sized enterprises (SMEs) as of Tuesday.
SME Bank CEO Dexter Tan Beng Kong told a press conference held at the Council of Ministers on Thursday that microfinance institutions (MFIs) participating in the SME Co-Financing Scheme 2020 (SCFS) had received 175 loan applications for $21.44 million.
SME Bank has approved 168 of the applications for $19.75 million, he said.
In full: https://www.phnompenhpost.com/business/sme-bank-and-ardb-disburse-63m-loans
