Kathmandu. Nepal's leading commercial bank, Nabil Bank, has entered into an agreement with the Nepal Mobile Distributors Association to address the financial needs of small and medium sized mobile vendors. Under the agreement, the bank will provide channel financing loan facility to the retailers in the network of mobile distributors with the objective of investing in working capital at attractive interest rate and collateral ratio.

 In addition, according to the needs of their business, the mobile distributor will get various banking services under the loan policy of the bank. The agreement was signed on behalf of Nabil Bank by Niraj Kumar Basnet (Daniel), Head of Small, Medium and Microfinance, and Dinesh Chulyadyo, President of Nepal Mobile Distributors Association.

Speaking on the partnership, 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.