According to the IFC website, the project consists of a senior loan to be extended to NMB Bank Limited, Nepal. The NMB Bank Limited provides banking products and services to customers in Nepal. The funding to the Bank will support the working capital needs of its clients, especially Small and Medium Enterprise clients in key sectors within Nepal’s economy.
The proposed project is expected to increase access to working capital financing for SMEs in Nepal, which suffer from a significant gap between the current supply of finance and their demand for credit. It is expected that the growth of small and medium enterprises will facilitate business growth, job creation and income generation, especially in key productive sectors of the Nepalese economy.
NMB Bank Limited provides banking products and services to customers in Nepal.
For inquiries about the project
NMB Bank Limited
Babarmahal, Kathmandu, PoBox - 11543
For inquiries and comments about IFC
General IFC Inquiries
2121 Pennsylvania Avenue, NW
Washington DC 20433
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/