DEG agrees $15m loan to ACLEDA to support SME financing in Cambodia

Deutsche Investitions- und Entwicklungsgesellschaft (DEG) is providing Cambodian ACLEDA Bank with a long-term loan of $15 million to help fund SMEs and private clients during the coronavirus crisis.

The “tier 2” loan is part of a two-phase funding tranche totalling $110 million from the International Finance Corporation. In the first round of funding in summer 2019 DEG had already committed $20 million to ACLEDA.