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Alliance Franchise Brands Wins Best Marketing Collateral Campaign of the Year at 2021 MX Awards
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1. What does the award represent to you and Amret?
ED: Women’s economic empowerment has always been an integral part of Amret’s business development since the business inception of Amret. To be recognized for this award for two years running is an incredible honor and a great achievement for Amret. This is a true testament of our ongoing efforts and long-standing commitment to provide equal financial access to empower women in business in Cambodia.
Many thanks to our board and management for supporting our commitment to this great initiative.
As of now, 68% of our loan portfolio are women across all segments in both agriculture and non-agriculture business. Our goal is to go beyond just offering financial products but also to provide networking opportunities to scale their businesses with various business organizations.
Response from the business community
Chancellor Rishi Sunak said that the new Coronavirus Recovery Loan Scheme will ensure that businesses continue to have access to the finance they need as we move out of this crisis.
To date, the government’s emergency loan schemes have supported more than £75bn of finance for 1.6m British businesses. The latest loan scheme is part of the government’s £350bn support package which has included the furlough scheme and grants and tax deferrals.
However, Todd Davison, MD of Purbeck Personal Guarantee Insurance, warns that many SMEs could find themselves excluded from the Recovery Loan Scheme.