Tourism Financing Scheme for Siem Reap Province has been developed and directly implemented by the SME Bank of Cambodia since November 13, 2023. This initiative aims to enhance access to affordable financing for tourism-related businesses operating in Siem Reap, irrespective of their registration in Phnom Penh or any other province. The scheme supports businesses that serve both local and international tourists, either directly or indirectly.
The scheme encompasses the businesses in the following criteria:
(A) Businesses in hospitality and entertainment that cater to tourism purposes
(B) Businesses which supply products and services to support the tourism sector
(C) Businesses which develop the physical infrastructure that facilitate the tourism sector
Features
| Financing Size : | Unlimited (Subject to the Business Plan) |
| Purpose : | Capital Expenditure or Working Capital |
| Financing Term : | Up to 10 years |
| Currency : | KHR and USD |
| Interest Rate : | 4.00 % for KHR Lending | 5.50 % for USD Lending Up to USD 1 Million | 4.50% for USD Lending Over USD 1 Million |
| Upfront Fee : | Free of Charge |
| Grace Period : | Up to 24 months |
| Early or Partial Settlement : | No Penalty |
Document Requirement
- Identification documents for the borrower and co-borrower, such as a National Identification Card (NID), passport, or other documents issued by an an authority
- Title deed of the collateral
- Business registration related documents such as Business License, Patent, Certificate of Incorporation (if applicable)
- Income Statement (if applicable)
- Financial Statement (if applicable)
- Or relevant documents based on the business sector (if applicable)
Eligibility
- SMEs that are owned by Cambodians and established in Siem Reap province.
- SMEs wholly owned or at lease 51% owned by Cambodia
- Collateral such as land and building is required
Benefits
- Affordable interest rates
- Increase business efficiency and boost tourism productivity
