KBL Loan

Nepal Association for Software and IT Services Companies (NAS-IT) and Kumari Bank Limited (KBL) have partnered to provide up to Rs. 10 million in collateral-free working capital loans to NAS-IT member companies, marking a significant moment in Nepal’s IT sector. NAS-IT’s President, Mr. Richan Shrestha and KBL Senior Deputy Chief Executive, Mr. Ram Chandra Khanal signed the agreement on behalf of their respective organizations.

The collaboration signifies a historic moment of such substantial financing being offered to any business in Nepal, that holds enormous potential to empower NAS-IT members and move the sector forward.

Media coverage:

  1. https://thehimalayantimes.com/business/kbl-and-nas-it-sign-agreement
  2. https://kharibot.com/news-details/142086/2023-05-31