PROJECT OVERVIEW
- Accelerating Inclusive Market for Smallholders (AIMS)
Accelerating Inclusive Market for Smallholders (AIMS) is funded by the International Fund for Agricultural Development (IFAD) and the Royal Government of Cambodia. The total fund amounts to USD 45 million, of which IFAD fund is USD 36.3 million and government contributes USD 8.7 million.The Objective of this project is to accelerate the inclusive growth of market and for higher value agricultural products and the development of associated local clusters through which poorer smallholder producers can benefit alongside others.ARDB is selected to be a financial institution partner to provide loans and grants to beneficiaries. The target commodities include quality assured rice, backyard chicken, cassava, vegetable and raw silk.The project was implemented from 2017-2023 and covered 18 city-provinces: Kampong Cham Kampong Thom Kratie Mondulkiri Takeo Prey Veng Preah Vihear Rotanakiri Stung Treng Pailin Tbong Khmum Kampong Speu Kompot Kondal Kep Siem Reap Banteay Meanchey and Battambang, along with Phnom Penh city. - Accelerating Inclusive Market for Smallholders-Additional Financing (AIMS-AF)
AIMS-AF has been extended for three years, until September 2027, with a total additional funding of USD 20 million, of which USD 3.2 million is allocated specifically for grants. The project continues to be implemented in the same 18 city-provinces and focuses on key agricultural commodities such as vegetables/safe vegetables, backyard chicken/Khmer chicken, rice/premium rice, and spices.
ARDB ROLE IN AIMS/AIMS-AF PROJECT
| ARDB is selected as a financial institution partner to provide loans and grants to beneficiaries. | ||
|---|---|---|
| Category | AIMS | AIMS-AF |
| Fund | Line of Credit: USD 8.1 million
Grant: USD 9 million |
Grant: USD 3.2 million Link: https://aimsmoc.com/about-us/value-chain-innovation-fund |
| Beneficiaries | Smallholder Farmers Agricultural Cooperatives Producer Organizations MSMEs |
Smallholder Farmers Agricultural Cooperatives Producer Organizations MSMEs |
| Target province | 18 City-Provinces: Phnom Penh, Kampong Cham, Kampong Thom, Kratie, Mondulkiri, Takeo, Prey Veng, Pailin, Ratanakiri, Preah Vihear, Stung Treng, Tboung Khmum, Kampong Speu, Kampot, Kandal, Kep, Siem Reap, Banteay Meanchey, Battambang |
18 City-Provinces: Phnom Penh, Kampong Cham, Kampong Thom, Kratie, Mondulkiri, Takeo, Prey Veng, Pailin, Ratanakiri, Preah Vihear, Stung Treng, Tboung Khmum, Kampong Speu, Kampot, Kandal, Kep, Siem Reap, Banteay Meanchey, Battambang |
| Commodities | VegetablesBackyard Chicken
Rice Cassava |
Vegetables / Safe VegetablesBackyard Chicken / Khmer Chicken
Rice / Premium Rice Cassava Spices |
ELIGIBILITY CRITERIA
- Legal Personality
- Business Experienced
- Good credit history
- Repayment capacity, and
- Securing by collaterals
DOCUMENTATION REQUIREMENTS
- Farmer
- Agricultural Cooperatives
- Small-Medium Enterprise
- Khmer ID and family book or residence book
- Business license/permits
- Land title certificate of collateral
- Other required documents, as necessary.
- Khmer ID and family book or residence book
- Certificate of registration of agricultural cooperative and articles of corporation
- List of members
- Financial statements/business plans
- Land title certificate of collateral
- Minute meeting of the decision to apply for a loan and loan application representative
- Other required documents, as necessary
- Khmer ID and family book or residence book
- Business license or certificate of registration
- Articles of incorporation
- Minute meeting of the decision to apply for a loan and loan application representative (Company)
- Financial statements/business plans
- Land title certificate of collateral
- Other required documents, as necessary
LOAN PRODUCTS
| Description | Working Capital | Investment Capital |
|---|---|---|
| Loan Size | From USD 500 | From USD 500 |
| Term Loan | Up to 6 months | Up to 7 years |
| Interest rate | 7% per Annum | 7% per Annum |
PAYMENT METHOD
- The principal repayment is based on cash flow (monthly, quarterly, semesterly and Annually).
- Interest Payment (monthly)
