Agreement between Nabil Bank and Mobile Distributors Association

KATHMANDU: MARCH. 17 – Nabil Bank, Nepal’s leading commercial bank, has signed an agreement with the Nepal Mobile Distributors Association to meet the financial needs of small and medium-sized mobile vendors.

The bank will provide a channel financing loan facility to retailers in the network of mobile distributors under this agreement, with the goal of investing in working capital at attractive interest rates and collateral ratios.

Furthermore, the mobile distributor will receive various banking services based on the needs of their business under the bank’s loan policy.

The agreement has been signed on behalf of Nabil Bank by Mr. Niraj Kumar Basnet (Daniel), Head of Small, Medium and Microfinance, and Mr. Dinesh Chulyado, chairperson of Nepal Mobile Distributors Association.

Speaking on the partnership, Mr. Basnet (Daniel) said that Nabil Bank has always strived to make time-related loans and facilities accessible to more and more entrepreneurs in a simple and easy way for the sustainable development of small and medium enterprises.

Under this partnership, the goal is to address the financial needs of mobile distributors across Nepal in a simple and easy way.