MoU between Prabhu Capital and Ant Foundation

KATHMANDU: Prabhu Capital Limited and Ant Foundation have signed a Memorandum of Understanding.

An agreement was reached between the two parties on Tuesday, showing their solidarity in Ant Foundation’s ‘No Save November – Fashion for a Cause’ cancer awareness program.

Ashish Gauchan, Chief Executive Officer of Prabhu Capital Limited, and Prashant Tamrakar, Founder of Ant Foundations, inked the deal.

In the agreement, it is stated that Prabhu Capital will support the foundation with an amount equal to 50 percent of the service fee from the first year’s annual service fee received by the capital from the women who join the ‘Prabhu Aishwarya Yojana’ among the products under the investment management service, as well as an amount equal to 20 percent of the profit obtained from the plan.

In this investment management service focused on women, women customers can start investment management service from a minimum of Rs 3 lakh.

Prabhu Aishwarya Yojana and Ant Foundation launched by Prabhu Capital with the concept that empowering women financially means empowering society, we have entered into this agreement as both organizations focus on the economic and financial freedom of women, so we have entered into this agreement, said Prabhu Capital Limited Chief Executive Officer Ashish Gauchan.

Prabhu Capital has also been carrying out social responsibility by integrating its services and products along with merchant-related services.