Local SMEs continue to grow through capital and financial packages for business value chain
2020-Jul-21 10:33 [Viewed : 619]

Phnom Penh: On July 14, 2020, AMK and Cambodian Partnerships for Sustainable Agriculture (CPSA) collaborated to organize a workshop on “Opportunities to access capital and financial packages for business value chain” participated by AMK’s and CPSA’s managements and many other SME owners especially food processing, agricultural suppliers and buyers.

The workshop aimed: 1. Provide opportunities to all business owners to understand possibilities in which AMK was able to support their businesses through the provision of capital and financial packages for business value chain, 2. Present the benefits of Tonlesap App and give a chance to exhibit their products in the App for free of charge for business owners, 3. Provide opportunities to build good relationship between AMK, business owners, and other stakeholders.

CPSA’s country director, Mr. Chan Sereyratha, said that “Regardless any circumstances where businesses face challenges or growth, we have seen that the issue of cash flow and capital are the key significant for all enterpreneurs which need constant solutions. Therefore, it is vital if there are financial institutions to provide financial supports especially capital and financial packages to support them with appropriate and easy manners.” He added that “Provision of capital and financial packages from AMK in this circumstance really contributes to business growth in the country especially in agriculture and food processing industries.”

Mr. Huot Sokha, Chief Commercial Business Officer of AMK stated that “Capital and  financial packages for business value chain was created due to we have seen opportunities from the root cause of issues in business value chain such as a lack of revolving funds to purchase materials or goods from suppliers, challenges in sales volume increase, market expansion, collateral issue, as well as financial service needs to help them with business value chain like savings, payment, payroll and so on which can benefit to the company. Therefore, this package is responding to the challenges of their businesses. AMK is committed to cooperate with partners in a flexible manner and to meet specific needs of each enterpreneurs, suppliers, and also distributors.” He added that “AMK would like to encourage business owners and enterpreneurs to visit and consult with AMK to gain opportunities in order to get financial supports to develop their businesses to the next level.”

Taking this opportunity, Mr. Kea Borann, CEO of AMK, pointed out that the formulation of this financial packages is a mechanism in line with the vision and mission of our institution that is to improve clients’ livelihoods because more than 80% of AMK’s clients are farmers who depend on agriculture. He believes that the packages will help improve business value chain of SMEs in agriculture and food processing industries for sure.”

 

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