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ARDB to lend $300M to agro-industry SMEs
Mon, 25 January 2021
The Agricultural and Rural Development Bank of Cambodia (ARDB) expects to disburse $300 million in loans this year at low interest rates for small and medium-sized enterprises (SMEs) in the agro-processing, agro-industrial and agricultural sectors.
The loans will further contribute to the government’s policy of promoting and encouraging an upswing in domestic agricultural production to ensure food security and increase export capacity.
ARDB director-general Kao Thach told The Post on January 25 that the state-owned enterprise plans to increase lending for the agricultural sector to the extent possible to capitalise on its development, buoyed by an expansion in its capacity to grow crops, livestock and aquaculture.