On 11 May 2026, at the Credit
Guarantee Corporation of Cambodia (CGCC) office, CGCC and Lao Credit Guarantee
Sole Company Limited (LCGC) signed a
Memorandum of Understanding (MOU) marking the establishment of a cooperative
relationship between the two credit guarantee institutions to enhance the
development of credit guarantee services and the sound growth of micro, small,
and medium enterprises (MSME) of the Kingdom of Cambodia and Lao People’s
Democratic Republic (Lao PDR).
The MOU was signed by Mr. No Lida,
Chief Executive Officer of CGCC, and Mr. Wong Keet Loong, Chief Executive
Officer of LCGC, witnessed by senior representatives from the Ministry of
Commerce and Industry, Ministry of Finance, Bank of Lao PDR, and CGCC’s management
and team, a total of approximately 30 participants.
Mr. No Lida, CEO of CGCC stated that “The
Memorandum of Understanding between CGCC and LCGC will bring mutual benefits
through collaboration in capacity building, information exchange, and
operational improvements. It marks the beginning of a long and impactful
partnership between our two institutions. Innovation is not defined by
institutional maturity. Although CGCC began operations earlier than LCGC, there
may be areas where LCGC performs better, and we welcome those opportunities to
learn and improve together.”
Mr. Wong Keet Loong, CEO of LCGC said
that “We are honored to sign this MoU with CGCC today, establishing a
strategic collaboration for LCGC. CGCC
has strong foundations and matured over the last 5 years into a model credit
guarantee institution in the region.
This partnership will support the development of LCGC to play its role
in improving access to finance for MSMEs in Lao PDR. The MOU
establishes a structured framework for ongoing collaboration between CGCC and
LCGC in the development and implementation of credit guarantee scheme to support
micro, small, and medium enterprises (MSMEs), as well as in the exchange of
knowledge on green taxonomy and climate/green financing guarantee schemes. As Government-established,
state-owned credit guarantee institutions, both organizations share a common mandate
to ease financing constraints for MSMEs, a sector that serves as a cornerstone
of regional economic development.”
About CGCC
CGCC is a
state-owned enterprise, established by the Sub-Decree No.140 ANKR.BK, dated 1st
September 2020, operated under the financial and technical guidance of
the Ministry of Economy and Finance of the Royal Government of Cambodia. CGCC’s
primary mission is to provide credit guarantees to enhance financial inclusion
and contribute to economic growth. The main products and services of CGCC
include Loan Guarantee, Bond Guarantee, and Capacity building for SMEs. As of the
end of April 2026, CGCC has provided guarantees on 9,808 accounts, for a total
amount of USD 567.63 million.
About LCGC
LCGC is a
state-owned financial institution under the supervision of the Bank of Lao PDR,
operates with technical guidance from the Ministry of Industry and Commerce and
is fully owned by the Ministry of Finance of Lao PDR. LCGC was officially
incorporated on 5 December 2024. LCGC launched its
operations on 9 April 2026 and has its mandate to improve access to
finance for micro, small, and medium-sized enterprises by providing credit
guarantees to financial institutions, thereby reducing lending risks and promoting
credit growth in Lao PDR.
