Jump to content

Acleda to Receive $125 Mil Loan Facility


geovalin

Recommended Posts

 

Acleda Bank Plc., a leading commercial bank in Cambodia, will receive some $125 million from the Overseas Private Investment Corporation (OPIC), the US government’s development financial institution, to support micro, small and medium enterprises (MSMEs). According to an Acleda press release, both the bank and OPIC signed a commitment letter for the direct loan yesterday.
 

The project seeks to generate economic growth, employment, and goods and services in the Cambodian private sector, said the release. “The loan facility will allow Acleda to expand their micro, small and medium enterprises portfolio which will permit the development of more sustainable businesses in Cambodia to improve the quality of life for thousands of Cambodians,” said Elizabeth L. Littlefield, OPIC president and CEO.
 

“We are pleased to be working with Acleda on this facility,” added Ms. Littlefield. In Channy, Acleda president and group managing director, said OPIC was positioning itself through the bank to provide more funding to local MSMEs to expand their businesses in the country.

 

read more http://www.khmertimeskh.com/news/28904/acleda-to-receive--125-mil-loan-facility/

 

 
khmer_logo.jpg
-- © Copyright Khmer Times 25/08
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...