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| MSE meeting (Photo: CEN) |
Phnom Penh Wednesday, 10 November 2010
"A lack of long-term financing can hold businesses back for years."
Owners of small and medium enterprises in Cambodia face a lack of capital and low-interest credit, which is hurting their ability to expand their businesses, a group of experts said Wednesday.
More than 300 participants gathered Wednesday for a national forum sponsored by the International Finance Corporation, the private sector arm of the World Bank, to find ways to make smaller businesses prosper.
“The challenges facing small and medium enterprises in Cambodia are lack of capital for expanding business operations, lack of access to credit with low interest rates and long-term credit, limited collateral to pledge for credit, and loans are small and service fees are as high as those of large loans,” said Te Taingpor, a co-chairman of a private-sector SME working group.
Small and medium enterprises, which play a key role in economic growth, cover sectors from agriculture to handicrafts and constitute a labor force of 1.4 million people, he said.
But the enterprises are hampered in getting loans by a lack of collateral, said Matthew Gamser, an IFC adviser for East Asia and the Pacific. A lack of long-term financing can hold businesses back for years, he said.
That means “companies are not growing fast enough to provide the jobs critically needed for Cambodia’s rapidly expanding labor force,” Gamser said. “Each year, an estimated 250,000 young Cambodians reach working age, ready to join the labor force and most of them are in rural areas.”
Ouk Maly, deputy governor of the National Bank of Cambodia, said that challenge for SMEs is a lack of trust of banking and financial establishments, reflecting a lack of information available to them.
5 comments:
United among all of Khmer is very important.
Knowing our enemy who really is also important.
Our enemy is Ho Chi Minh Indochina Federation.
We should help Hun Sen and CPP to be liberated from Vietnam. Yes we can. 1979 to 1991 yuons had fully controlled Hun Sen. We killed them a lot and kicked them out. I don’t think that Hun Sen wants to live under Yuons.
We must be united. We cannot fight among ourselves as Khmers and Khmers. This is the only one theory of winning against the enemies from west and east.
Do not stand on Republic and blame King. The vast majority of Khmers in Cambodia highly respect King. That is the fact. King Sihamoni has been highly respected by international leaders from around the world. That is the fact, too. King Sihamoni is far and far better than Thai king in every aspect. He is straight and firm. No one around can manipulate him. This king is different from other king.
Sam Rainsy Party is too far to the right. This party should be moderate or more liberal. This is the way toward unity and winning for the KHMER EMPIRE.
No one is perfect. But must be one is a better leader? Who is a better?
Our real enemy is Ho Chi Minh Indochina Federation.
Hun Sen and CPP leaders are tools of Indochina Federation.
I thinks you are right 7.40 am
The first France was control Cambodia 100 yers
So all Khmer whom were real hero not really want to live under of
colony France .
So they were all find the way to
kick of colony France out from Khmer territory .
But not worked , the most
were get kill by France colony .
In 1930 Ho chi Minh whom was the first founder the communism in
the Indochina .
There are Khmer/ LAO / Viet had
to join each other to do revolution
to against France colony .
So all Khmer got more and more violence inside the country ,so
they were forget whom was really
their enemy the same as present day.
KHMER REVERE MA USA
LONG LIVE VIET NAM...
KINGDOM OF CAMBODIA
Province of Viet Nam
Nation Religion KING..
1. You idiot khmer have no nation it is all belong to vietnam now.. we run your country and our brothers and sisters are all over your country and in every level of government.
2. You have no religion becuase look at you even your own country to betrayed look at Hun SEn- CPPP we control thme -- how can they have religion becuase soon will be vietnam province
3. KING what KING-- he can not beg us to keep him there-- so he have to bring his mother which she work for our interested with hun sen and cpp.. then his father to beg us for keep him...
what a loser race. you all should dies and wishes you will never born.. better born as vietnamese you might be a little smarter and maybe love your own kind ans country better..
LONG LIVE VIET NAM.
more money from china is good for our vietnamese brothers and sisters
that hold every level of officials in cambodia that control cambodia.. will use this money to further control cambodia... it is us that the king of cambodia to to beg us the viet nam to keep him there.. good work hun sen-cpp.now we have more money from china
Good luck on that! why dont ask the corrupted Senator where the $ goes.
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