active · Livelihoods
Nirdhan MFB
Nirdhan Utthan Bank Ltd. (NUBL or Nirdhan), a microfinance bank, commenced operations in 1999 by taking over the microfinance activities of Nirdhan NGO. NUBL is one of Nepals largest Micro Finance Development Banks (MFDB) with an outreach of nearly 110,000 clients and outstanding loans of approximately $13 million. It offers a wide range of loan products, deposit products, micro insurance and remittance. IFC proposes to invest up to $0.40 million equity for an up to 15% stake in Nirdhan Utthan Bank Ltd to provide a stable funding source in these turbulent times. An advisory services package through SEDF to strengthen institutional capacity is to be implemented in tandem with the proposed equity.
Overview
About this project
Nirdhan Utthan Bank Ltd. (NUBL or Nirdhan), a microfinance bank, commenced operations in 1999 by taking over the microfinance activities of Nirdhan NGO. NUBL is one of Nepals largest Micro Finance Development Banks (MFDB) with an outreach of nearly 110,000 clients and outstanding loans of approximately $13 million. It offers a wide range of loan products, deposit products, micro insurance and remittance. IFC proposes to invest up to $0.40 million equity for an up to 15% stake in Nirdhan Utthan Bank Ltd to provide a stable funding source in these turbulent times. An advisory services package through SEDF to strengthen institutional capacity is to be implemented in tandem with the proposed equity.
Progress
0%- Plan
- Implementation
- Outcomes
Alignment