Promotion of SME Credit Facility at 3% Annual Interest Rate

Promotion of SME Credit Facility at 3% Annual Interest Rate

Features

• Tailored for small, medium, and retail enterprises and
• Ideal for:

1. Product manufacturing sector.
2. Commercial sector engaged in purchasing agricultural products for factory supply and export.
3. Service sector focusing on tourism services.

Highlights

• Low-interest, long-term loans with a grace period of up to 2 years

Eligibility

• Possession of a valid business registration certificate
• Demonstrated successful business operations
• Completion of business plan training certified by the Department of Small and Medium Enterprise Promotion

Required Documents

• Basic borrower information
• Business/project documentation
• Financial documentation (compliant with regulatory standards, certified by relevant department)
• Collateral documentation

Credit Limit

• Micro enterprises: Up to 2.5 billion kip per contract
• Small enterprises: Up to 4 billion kip per contract
• Medium-sized enterprises: Up to 5 billion kip per contract

Interest Rate

• 3% per annum

Fees:

• Approval fee: 1% of the loan amount
• Collateral assessment fee: 0.2% of the loan amount (up to a maximum of 5 million kip)

Loan Term

• Maximum 10 years

Repayment

• Structured according to the business's cash flow

Collateral

• Land certificates, buildings, deposits, and other acceptable forms

Note

Interest rates and fees are subject to periodic updates