SME Bank and Advance Digital World Trade Co.,ltd. organized the Seminar on “SME Access to Finance for Developing Global Market”

On Wednesday, 14th March 2023, SME Bank and Advance Digital World Trade Co.,ltd. organized the Seminar on “SME Access to Finance for Developing Global Market” with the objective to share and develop SMEs to access financing for expanding the capabilities of their products to the market, especially in order to (1) improve knowledge for SMEs on how to access international markets and get more international orders (2) improve knowledge of SMEs to access financing (3) improve knowledge of SMEs on international shipping services.
This seminar was attended honorary speakers including Oknha Dr. Chhin Ken, Managing Director of ADWT, Dr. Lim Aun, CEO of SME Bank, Mr. Neav Sokun, COO of SME Bank, Mr. Hong Bunseng, Deputy Director Department of International Cooperation, MOC, Mr. Reth Sopharith, CEO, Elite Insurance and attended by more than 30 SMEs entrepreneurs.
The Cambodian financial market is developing rapidly and approaching the saturation stage. However, most commercial banks and MFIs are introducing both cash-flow and collateral-based lending. In general, they required real-estate property such as land and/or building to be served as collateral. According to the feedback from the market, some small and medium enterprises (SMEs) are not able to get loans from banks or MFIs due to collateral requirements.