Khao Yai mushroom business lands SME Bank funding for value-added expansion
The Small and Medium Enterprise Development Bank of Thailand (SME Bank) on Monday signed a Bt12-million joint-venture investment agreement with Khao Yai Panorama Farm, a mushroom-based agricultural eco-tourism business in Nakhon Ratchasima province.
The funding will be used for expansion and the development of value-added mushroom products, such as mushroom-flavoured tea and coffee, mushroom juice and medicinal products.
SME Bank president Mongkon Leelatham said the investment was part of the bank’s support for small and medium-sized businesses wishing to expand their operations.
Khao Yai Panorama Farm also has the potential to expand from the domestic market to overseas, with plans to export its products to CLMV countries (Cambodia, Laos, Myanmar and Vietnam) in the next stage of its development, he said.
The bank therefore decided to help strengthen the company for the road ahead via the joint-venture investment, he added.
