Last but not least, the NBC also has been working closely with the Association of Banks in Cambodia (ABC) and Cambodian Microfinance Association (CMA) to initiate various activities and campaigns to increase financial literacy for the public, especially for women. Although financial inclusion is a journey, I believe that we have done quite a lot so far to help equip women and women entrepreneurs with foundational financial knowledge needed for their daily lives as well as businesses. Distinguished Guests, Ladies and Gentlemen! I believe that the potential of young women and women entrepreneurs shall not only be limited by social and cultural barriers or the environment they live. On the contrary, they should have equal opportunities to release their full potential in every endeavor. To this end, immediate supportive measures shall be addressed to strengthen their skills, business linkages. For that, participation from all relevant stakeholders is needed. This is why WE-Act project is such a powerful example of how one can make a lot of impact in this space. I believe that the achievements to be presented today will reflect the pathway toward empowerment and success for young women entrepreneurs all over the country. 2  Lastly, I would like to once again express my deepest appreciation and thanks to USAID for their support, PACT Cambodia for collaboration, and all key players for implementing WE Act 5-year project as well as to update key achivements and progress in this event.
Such availability has served as a valuable source of information in credit assessment and help expedite loan processing time. In the same vein, with greater availability of information on SMEs from the Bureau, the processing time for SME loans can be similarly shortened and decisions to grant financing can be made based on a more comprehensive set of information. We hope and encourage the financial institutions to avail themselves of the services provided by the Bureau and help create a healthier and more transparent credit culture amongst the SMEs and lenders. I would now like to take this opportunity to congratulate all the award recipients today. We hope the recognition accorded by CGC will help to create a better understanding of the spirit behind this initiative, which is aimed at fostering mutually beneficial working relationship between the CGC and the financial institutions for the over-arching objective of promoting SME sector development. You have certainly given us your unwavering support through your active participation in our guarantee schemes. We look forward to your greater participation in the future. On another note, I would take this opportunity, in conjunction with our 35th AGM, to thank all employees of CGC for their understanding and commitment in adopting and adapting to changes. This include the internal organizational change that we have been through in the past two years to face the challenges of the dynamic business environment of today. Thank you for the kind attention and have a pleasant day. 2  BIS Review 75/2008