PROJECT OVERVIEW

Agriculture Services Program for an Inclusive Rural Economy and Agricultural Trade (ASPIRE-AT) is a government initiative of the Kingdom of Cambodia (GoKC), implemented by the Ministry of Agriculture, Forestry and Fisheries (MAFF), and jointly financed by the International Fund for Agricultural Development (IFAD), the European Investment Bank (EIB), and the Royal Government of Cambodia.

The objective of ASPIRE-AT is to promote inclusive and sustainable growth in the agriculture sector, driven by both export and domestic markets, ultimately increasing the incomes of rural producers and workers.

The Agricultural and Rural Development Bank (ARDB) has been selected as the financial institution partner responsible for providing loans and grants to project beneficiaries. Target commodities include native chicken, vegetables, maize, cashew nuts, pepper, fresh fruit, and fruit for export.

The project is being implemented over a seven-year period (2023–2029) and covers 21 provinces across Cambodia, including: Battambang, Pailin, Banteay Meanchey, Siem Reap, Kratie, Kampong Cham, Tboung Khmum, Kampong Thom, Ratanakiri, Stung Treng, Preah Vihear, Oddar Meanchey, Kampot, Preah Sihanouk, Kampong Speu, Kampong Chhnang, Pursat, Prey Veng, Svay Rieng, Kandal, and Takeo.

ARDB ROLE IN ASPIRE-AT PROJECT

 ARDB is selected as the financial institution partner to provide loans and grants to beneficiaries
Fund  
  • Line of Credit: USD 7.9 million
  • Grant: USD 2.5 million
Project Period
  • 2023- 2029
Beneficiaries
  • Producer Organizations (POs) and/or Agricultural Cooperative (AC)
  • Their individual smallholder farmer members
Target province
  • Battambang, Pailin, Banteay Meanchey, Seam Reip, Kratie, Kampong Cham, Tboung khmum, Kampong Thom, Ratanakiri, Stoeng Traeng, Preah Vihear, Oudor Meanchey, Kampot, Preah Sihaknouk, Kampong Spue, Kampong Chhnang, Pursat, Prey Veng, Svay Rieng, Kandal and Takeo.
Commodities
  • Native Chicken, Vegetable, Maize, Cashew Nut, Pepper, Fresh Fruit and Fruit for export

ELIGIBILITY CRITERIA

  • Legal Personality
  • Business Experienced
  • Good credit history
  • Repayment capacity, and

DOCUMENTATION REQUIREMENTS

  • Khmer ID and ​family book or residence book (copy)
  • Income-Expense information and business plan, and
  • Other required documents, as necessary

LOAN PRODUCTS

Description Investment Capital
Loan Size USD 500 up to USD 200,000
Interest rate 8% per annum
Loan Term up to 84 months

PAYMENT METHOD

  • The principal repayment is based on cash flow (monthly, quarterly, semesterly, or at the maturity date)
  • Interest Payment (monthly)