ABA​ Bank​ provides​ SME​ loans​ under​ Co-Financing​ Scheme

30/Apr/2020

ABA​ Bank​ provides​ SME​ loans​ under​ Co-Financing​ Scheme

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​ info(at)ababank.com.