Cambodia-Laos-Myanmar Development Fund II
CLMDF II’s target countries – Cambodia, Laos and Myanmar – are classified as Least Developed Countries (LDCs) by the Organization for Economic Cooperation and Development (OECD). While their economies have grown in recent years, the lack of capital and managerial know-how continues to delay the establishment of a healthy, formalized private sector, impeding these countries’ overall development. For SMEs, bank loans are often unsuitable and difficult to obtain even with the required collateral. Hence the provision of capital to local private equity funds is critical to these typically underserved regions.
As part of its investment strategy, CLMDF II will focus on SMEs serving scalable local markets, including those targeting the bottom-of-the-pyramid. The fund’s key investment sectors are expected to include: (micro) finance, education, healthcare, food and beverage (including processing), tourism and selected niche manufacturing opportunities.
iCare Benefits Cambodia is one of the investee companies of CLMDF II. Please watch the video for more information about this interesting company.