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Sanima SME 2022

Sector: Consumer Products • Location: Nepal

Source: International Finance Corporation (IFC)

Project
Completed

The proposed investment is a 3-year US$ senior loan of up to US$20 million to Sanima Bank Limited (Sanima or the Bank), the 18th largest commercial bank in Nepal with the total assets of US$1.5 billion as of January 2022, with the proceeds exclusively used for on-lending to small and medium enterprises (SMEs) in Nepal (the Project). The Project is expected to contribute to improving liquidity in t

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The project “Sanima SME 2022” is an infrastructure initiative in the Consumer Products sector, located in Nepal. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

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Description

Description

The proposed investment is a 3-year US$ senior loan of up to US$20 million to Sanima Bank Limited (Sanima or the Bank), the 18th largest commercial bank in Nepal with the total assets of US$1.5 billion as of January 2022, with the proceeds exclusively used for on-lending to small and medium enterprises (SMEs) in Nepal (the Project). The Project is expected to contribute to improving liquidity in the financial sector and supporting the fast recovery of SMEs impacted by the COVID-19 pandemic, including the underserved rural SMEs. The Project is also a continuation of IFC’s systematic engagements in Nepal to improve the inclusiveness, competitiveness and sustainability of the financial sector in the country.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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