ABA Bank provides SME loans under Co-Financing Scheme
30/Apr/2020
The Terms and Conditions of the SME Co-Financing Scheme 2020 were updated on May 26, with longer loan tenure, wider business eligibility / lending criteria, and improved repayment terms.
ABA Bank, third-largest commercial bank in Cambodia and subsidiary of National bank of Canada, joins the SME Co-Financing Scheme 2020 (SCFS), an initiative of the Royal Government of Cambodia aimed at providing affordable interest loans to support Small and Medium Enterprises (SMEs) in the country.
This loan scheme enables ABA to provide loans to SMEs for their capital expenditure (up to 300,000 USD) and working capital (up to 200,000 USD) with a special interest rate of 7% per annum and for a term up to 84 months.
To be eligible for the loan under SCFS, SMEs should meet the criteria outlined by the Ministry of Economy and Finance and ABA’s SCFS loan eligibility requirements.
We invite all SMEs in need of loan for capital expenditures or working capital to contact ABA Bank at 023 225 333 (available 24/7) or send an email to [email protected]ababank.com.
