active · Livelihoods
SBL Nepal SME
Stakeholder Effects: (i) Increased access to finance for SMEs, including women owned SMEs: The project is expected to contribute positively towards access to finance for SMEs in Nepal, which identify access to finance as a major constraint. In addition to the growth in the overall SME portfolio, Siddhartha Bank will pursue a more inclusive strategy by increasing its outreach beyond the urban areas and cater to SMEs in rural areas with due focus on women owned SMEs. SMEs play a central role in the creation of employment in emerging markets. By improving access to finance for SMEs, the investment with Siddhartha Bank is expected to create more jobs in the economy. (ii) Increased access to climate finance: The Project also will contribute to climate mitigation efforts in Nepal by increasing access to climate finance for clean transportation, climate smart agriculture, and green buildings. IFC anticipates that the Project will build SBL's capacity to identify and evaluate green lending opportunities and increase access to green financing in Nepal over the next three years.
Overview
About this project
Stakeholder Effects: (i) Increased access to finance for SMEs, including women owned SMEs: The project is expected to contribute positively towards access to finance for SMEs in Nepal, which identify access to finance as a major constraint. In addition to the growth in the overall SME portfolio, Siddhartha Bank will pursue a more inclusive strategy by increasing its outreach beyond the urban areas and cater to SMEs in rural areas with due focus on women owned SMEs. SMEs play a central role in the creation of employment in emerging markets. By improving access to finance for SMEs, the investment with Siddhartha Bank is expected to create more jobs in the economy. (ii) Increased access to climate finance: The Project also will contribute to climate mitigation efforts in Nepal by increasing access to climate finance for clean transportation, climate smart agriculture, and green buildings. IFC anticipates that the Project will build SBL's capacity to identify and evaluate green lending opportunities and increase access to green financing in Nepal over the next three years.
Progress
0%- Plan
- Implementation
- Outcomes
Alignment