“Nothing can be achieved without financing, especially in a country like ours…”

Small and medium-sized enterprises (SMEs) are critical to creating jobs, improving living standards and driving economies, particularly in developing countries. Despite their importance, many SMEs struggle to access finance to grow or start a business. In 2015, OFID signed a US$10 million loan with Banco Hipotecario, a bank in El Salvador, to support on-lending to … More “Nothing can be achieved without financing, especially in a country like ours…”

Cambodia: Building a big future for small businesses

Access to affordable financing is key in a country whose economy is driven by a veritable army of micro-, small- and medium-sized entrepreneurs. Man Phirun, 43, is a leading businessman in his community, generating annual sales revenues of US$500,000–US$600,000 from his highly successful fish farm in Cambodia’s Kendal Province. When he started his enterprise five … More Cambodia: Building a big future for small businesses