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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.
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%).
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%).
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/