The SME members of Khmer Enterprise now can access loans from Wing Bank and its financial digital ecosystem to aid recovery from the impacts of the pandemic.

Khmer Enterprise and Wing Bank (Cambodia) Plc have entered into a strategic partnership to support the operational development of the Kingdom’s small and medium-sized enterprises (SMEs).

This aims to promote sustainable and workable ecosystems for entrepreneurs, startups and SMEs in Cambodia to amplify the impact within the country’s ecosystem.

Under the partnership, Khmer Enterprise and Wing Bank will work closely to boost the operations of SMEs in four key priority sectors – agriculture, manufacturing, services and ICT – providing them with the opportunity to access loans from Wing Bank and its financial digital ecosystem.

“The partnership with Wing Bank will provide further options to our SME members who are seeking financial support for their business, especially those who have been adversely affected by the pandemic,” said HE Dr Chhieng Vanmunin, CEO of Khmer Enterprise.

Wing Bank has a long experience in supporting SMEs in Cambodia to grow their business. As of 2020, Wing Bank has been working with more 2,400 SMEs for collection and disbursement services.

“SMEs play an integral role in our community through creating jobs and supplying inputs to larger businesses.

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Author: Khmer Enterprise

Source: Phnom Penh Post

Publication date: 22 November 2021