ACLEDAGenderLoan (IFC-37594)

Countries
  • Cambodia
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 30, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
ACLEDA BANK PLC.
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 31, 2018

Disclosed by Bank Nov 30, 2015


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Project Description

This project finances an investment to ACLEDA Bank Plc. to support its lending to small and medium-sized businesses, specifically women-owned businesses, in order expand its outreach to women entrepreneurs in Cambodia.

Investment Description
  • International Finance Corporation (IFC)

This project comprises of a 5-year senior loan of (i) up to US$ 100 million from IFC own account; and (ii) up to US$ 100 million from participants and/or parallel lenders. ACLEDA, a public limited company organized in Cambodia, has been a long term strategic partner for IFC in the Mekong region. Established in 1993 in Cambodia as a national NGO for micro and small enterprise development and credit, ACLEDA has gradually evolved from an NGO to a microfinance institution and to a commercial bank. It is now the largest bank in Cambodia in terms of assets and loan portfolio. The shareholding structure of ACLEDA is diversified, consisting of (i) ACLEDA NGO (25.1061%), ASA, Plc. (25.8939%), SMBC (18.2500%), COFIBRED (12.2500%), ORIX Corporation (12.2500%), TSFF (1.5178%), TFSF (2.1814%) and TMF (2.5508%).

Private Actors

ACLEDA, a public limited company organized in Cambodia, has been a long term strategic partner for IFC in the Mekong region. Established in 1993 in Cambodia as a national NGO for micro and small enterprise development and credit, ACLEDA has gradually evolved from an NGO to a microfinance institution and to a commercial bank. It is now the largest bank in Cambodia in terms of assets and loan portfolio. The shareholding structure of ACLEDA is diversified, consisting of (i) ACLEDA NGO (25.1061%), ASA, Plc. (25.8939%), SMBC (18.2500%), COFIBRED (12.2500%), ORIX Corporation (12.2500%), TSFF (1.5178%), TFSF (2.1814%) and TMF (2.5508%).

Contact Information

Dr. In Channy, President and Group Managing Director
ACLEDA Bank Plc
No. 61 Preah Monivong Blvd
Sangkat Srah Chork, Khan Daun Penh
Phnom Penh, Cambodia
Tel: (855)-23 998 777
Fax: (855)-23 430 555
Email: mailto:channy@acledabank.com.kh
Website: http://www.acledabank.com.kh

ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/