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Women Entrepreneurs Guarantee Scheme (WEGS)

WEGS, the third credit guarantee scheme offered by the CGCC, is the specifically designed for women and women-owned SMEs.

WEGS is specifically designed for women and women-owned businesses, aiming to narrow the gap between the supply and demand for financing by providing a higher guaranteed coverage of 80% and a lower guarantee fee for all sectors with favorable credit guarantee features.

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Benefits of WEGS

  • Supporting women and women-owned business survival and economic recovery during the COVID-19 pandemic in line with Government's policies
  • Acting as collateral/security for 80% of the loan amount borrowed from the PFIs, making women-owned SMEs more bankable
  • Helping women and women-owned businesses access to financing and improving financial inclusion in Cambodia
  • Sustaining women and women-owned 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 women-owned 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

For loans to be qualified for the Women Entrepreneurs guarantee scheme, the borrowers must fall into the following criteria: 

The Borrower must produce a business registration issued by appropriate government authorities.

The Borrower must be a majority Cambodian-owned business (>50% ownership).

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

The Borrower must be women or women-owned Micro, Small and Medium Enterprises (MSMEs), any MSMEs that meet at least two of the following criteria:

  • Woman owns the majority of shares
  • Management or decision maker is a woman
  • Woman represents the company on any legal business registration
  • Majority of the employees are women

    • How to apply for WEGS?

    For loans to be qualified for the Women
    Entrepreneurs guarantee scheme, the
    borrowers must fall into the following criteria:

    Step 1:

    Women and Women-Owned SMEs Borrowers need to apply for a loan under WEGS from any of the CGCC’s Participating Financial Institutions (PFIs).

    Step 2:

    After evaluating and approving the loan, the PFIs submit a guarantee application for the loan to CGCC for guarantee. PFIs shall not disburse the loans before the guarantee application is approved by CGCC.

    Step 3:

    CGCC evaluates 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 for the loan.

    Step 4:

    After the Letter of Guarantee is issued, the PFIs will disburse the Guaranteed Loan to the borrowers.

    WEGS Scheme Features

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