Dear Friends of iCare Leasing,
The impact of the COVID-19 pandemic during the year 2021 caused partial lockdowns and very strict travel and overall movement restrictions. This last financial year was very unique and ways very challenging for our clients, our staff, and all involved in iCare Leasing. Many people with small businesses were affected by the pandemic and its effects on the Cambodia families and on the wider economy.
The situation improved in the last quarter of 2021 as restrictions were lifted and border were re-opened to allow investors and tourists to re-enter Cambodia.
In parallel to managing the impact from COVID-19, we also put much effort into preparing iCare Leasing for significant future growth, by following a dual strategy. On the one hand, we pushed for attracting larger and longer funding. We worked with several international financial institutions to ensure larger funding facilities with a relatively long tenor to support the incoming growth of iCare Leasing.
We are hopeful about the upcoming year 2022 and we look forward to continuing to work with our partners, our customers and all stakeholders of iCare Leasing.