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Supporting women’s entrepreneurship in Cambodia
Project
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Signature date
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Location
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Cambodia
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Financing tool
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Financing amount (Euro)
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1848000
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Financing details
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USD 2m Guarantee
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Customer
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BRED BANK
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Type of customer
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Financial institution
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Country of headquarters
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Cambodia
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Project number
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CKH1247
This information is given at the time of signature, without prejudice to any developments in the operation/project.
Proparco has allocated a USD 2m ARIZ guarantee to BRED Bank Cambodia to support its financing activity for women entrepreneurs.
Client presentation
BRED Bank Cambodia, a subsidiary of BRED Group, was set up in 2017. It is a key player in financing entrepreneurship and the local private sector.
Project description
This USD 2m guarantee will allow BRED to increase its financing for women entrepreneurs under its “SHINE” initiative.
Project impact
By allowing BRED Bank Cambodia to increase its loans to local SMEs owned by women, this project will have a direct impact on inclusive economic growth and gender equality, in line with Sustainable Development Goals n° 5 (Gender equality) and n° 8 (Decent work and economic growth). This project is also part of the 2 X Challenge, an initiative launched in 2018 by the G7 Development Finance Institutions, including Proparco, to promote investments that contribute to gender equality in developing and emerging economies.