Business Recovery Guarantee Scheme
Lack of collateral is no longer the issue! CGCC will solve this challenge and assist you to get guaranteed loans from banks/MFIs who are CGCC’s partners. CGCC’s Business Recovery Guarantee Scheme aims to support businesses, especially MSMEs to enhance their access to formal loans for both working capital and investment or business expansion.
Benefits of BRGS
- Supporting business survival and economic recovery during the COVID-19 pandemic in line with Government's policies
- Acting as collateral/security for 70%-80% of the loan amount borrowed from the PFIs, making SMEs more bankable
- Helping businesses access to financing and improving financial inclusion in Cambodia
- Sustaining business operation during COVID-19 outbreak and providing capital investment for business expansion
- Serving as a policy tool for long-term growth of SMEs
- Diversifying and sharing risks with PFIs, allowing more loans to be approved for SMEs
Priority Sectors
Agriuculture
- Growing and cultivation of crops
- Livestock farming
- Aquaculture
Industry
- Agro-processing
- Food manufacturing and processing
- Waste recycling
- Production of goods for the tourism sector
- Manufacturing of local consumable goods
- Manufacturing of finished products, spare parts, or assembling parts
Services
- Transportation and logistics
- Digital and ICT
- Tourism
- Education
Noted: *Non-Priority Sectors are those sectors besides the sectors listed above. Non-Priority Sectors are also eligible for the BRGS.
Eligible Borrowers
The Borrower must be a majority Cambodian-owned business (>50% ownership).
The Borrower must produce a business registration issued by appropriate government authorities.
The Borrower who is a non-registered business must proceed with the registration after the guarantee is approved. If the borrower remains a non-registered business, an additional guarantee fee of 0.5% per annum of the guaranteed amount will be imposed on every anniversary of the guarantee.
All Borrowers should be financially viable
How to apply for BRGS?
scheme, the borrowers must fall into the following
criteria:
Step 1:
Business owners shall apply loans to banks/MFIs who are CGCC’s PFIs (all PFIs)
Step 2:
After getting a loan request from business owners, PFIs will evaluate the request base on their conditions and requirements. When the loan request meets all requirements, PFIs will approve the loans and submit a guarantee application for the loan to CGCC for guarantee.
Step 3:
CGCC will evaluate the guarantee application for the loan submitted by the PFIs. If the application is approved, CGCC will issue a Letter of Guarantee to the PFIs within 3-5 days.
Step 4:
PFIs will disburse the Guaranteed Loan to the borrowers.
BRGS Scheme Features
