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In Cambodia, Promoting Access to Finance

In effort to promote access to finance, IFC collaborated with Acleda Bank Public Limited Company to design a program that provided financing solutions to smallholder farmers, agricultural firms, and small and medium enterprises in the agricultural sector across the Mekong region.
smallholders

Challenge

Agriculture is a mainstay of the Cambodian economy, constituting about 22 percent of the country’s GDP. Though poverty rates continue to decline, there are significant discrepancies between urban and rural areas and an estimated 90 percent of Cambodia’s poor live in the countryside. 

Solution

In effort to promote access to finance, IFC collaborated with Acleda Bank Public Limited Company, a long standing IFC partner, and its subsidiaries in Cambodia and Myanmar to design a program that provided financing solutions to smallholder farmers, agricultural firms, and small and medium enterprises in the agricultural sector across the Mekong region. The project improved lending and provided financial services for agricultural enterprises to increase employment, enhance export earnings and maintain food security. 


 


 

Project Status

Active

Country

Cambodia

Funding

Private

Focus area

  • Access to Finance

Supervising entity

  • IFC

Contact


Mr. Niraj H. Shah
Principal Investment Officer
Program Manager, GAFSP Private Sector Window
nshah1@ifc.org
Washington, DC
Tel: 202 473 3743

Work with Us

The Global Agriculture & Food Security Program (GAFSP) is dedicated to fighting hunger, malnutrition, and poverty in low-income countries by supporting resilient and sustainable agricultural systems that benefit and empower poor and vulnerable smallholder farmers. Since its inception in 2010, GAFSP has received contributions totaling $1.7 billion from Australia, the Bill & Melinda Gates Foundation, Canada, Germany, Ireland, Japan, the Netherlands, Norway, South Korea, Spain, the United Kingdom, and the United States, with funds going to countries that have strategic, innovative, and credible plans already in place to improve agricultural productivity and food security.

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