Wing Bank, WingCommerce, Amru Rice (Cambodia) Co., Ltd, and
Cambodia Agricultural Cooperative have formed a strategic collaboration to
enhance rice production and promote sustainable agriculture in Cambodia.
A Memorandum of Understanding (MoU) on the collaboration was
inked during the 4th Sustainable Agriculture Summit in Phnom Penh on Feb. 28.
Under the MoU, agricultural cooperative members of Amru Rice and
CACC will be able to utilise the WingCommerce marketplace, including its
agricultural e-commerce platform Wingagri, to tap into potential and widen
their market reach, read a statement.
Additionally, it said, each member of CACC will be eligible to
access financial aid from Wing Bank up to 100 million Riel (about $25,000) for
their farming operations without the need for collateral.
“This collaborative effort signifies a significant stride
towards enhancing Cambodia’s agricultural landscape, fostering sustainability,
and empowering stakeholders across the agriculture value chain,” underlined the
statement.
The integration of technology and accessible financial solutions will pave the way for a thriving and environmentally conscious rice production industry, the source said.AKP
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