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YEAC Celebrates Successful Graduation of MSAs in Access to Finance Program!
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YEAC Celebrates Successful Graduation of MSAs in Access to Finance Program!
On December 30, 2024, Young Entrepreneurs Association of Cambodia (YEAC) held the graduation ceremony of 42 Micro and Small Agri Business (MSAs) (21 women-led businesses) who have completed the capacity building program. This program is supported by USAID through FEED The FUTURE – Harvest III.
Through intensive training, mentorship, and networking events, these entrepreneurs gained confidence and are now better positioned to grow their businesses. Access to Finance, a total of 13 entrepreneurs and business owners received a total financing of US $ 1,793,060 (US $ 1,235,060 from banks and US $ 558,000 from investors) by December 2024.
At the graduation ceremony, Mrs. Ith Kallyan, Deputy Chief of Party of the Harvest III project, expressed her deep appreciation for YEAC and the team’s outstanding performance in achieving all program milestones. She emphasized that this was the first grant Harvest III directly provided to an association, and the initial results have been highly encouraging. Mrs. Kallyan observed that channeling funding through an association like YEAC has proven to be an effective way to reach and impact numerous MSAs. Mrs. Kallyan highlighted the strong synergy and further indicated her intention to explore further collaboration/partner with YEAC to maximize the positive impact on MSAs.”