Text content
As the only international bank in Nepal, contributing to increasing financial access through the help of our global network has been one of the focus areas for SCBNL. SCBNL has partnered with CLBSL, a leading microfinance institution in Nepal, in collaboration with ADB under an unfunded risk participation agreement.
This partnership is the first of its kind in Nepal and this loan is expected to help enable financial access in rural areas to provide credit for income-generating endeavors and foster economic growth in marginalized communities.
The signing ceremony held today represented by senior participants included the Country Director (CD) and international delegates from ADB, the management team from CLBSL, and, the Chief Executive Officer (CEO), Deputy CEO, and senior Financial Institutions (FI) team members from SCBNL. Arnaud Cauchois, ADB’s CD, Nepal mentioned, “I am pleased to note the launch of ADB’s Microfinance Program (MFP) in Nepal, under the Bank’s private sector operations. I am convinced that the MFP will help promote financial inclusion and reduce gender disparities by providing financing solutions to the poor and marginalized women, which is one of ADB’s priorities in the country, through CLBSL, as the first partner institution under MFP.” ADB Director General for Private Sector Operations, Suzanne Gaboury, said that “we can tackle poverty at its roots and create opportunities that uplift communities through collaboration and innovative strategies. ADB is pleased to expand its partnership with SCBNL to support microfinance institutions in Nepal through its private sector operations’ Microfinance Program. As the first transaction, ADB has supported SCBNL’s financing to CLBSL, one of Nepal’s largest Micro Finance Institutions (MFIs), which will benefit over 5,000 women micro borrowers.”
