Kathmandu. Kumari Bank and Federation of Women Entrepreneurs Nepal have signed a Memorandum of Understanding (MoU) with Women Entrepreneurs Federation of Nepal.The Bank has signed a Memorandum of Understanding (MoU) with Women Entrepreneurs Federation of Women Entrepreneurs through its product, manpowerand strategic partnership.
The partnership aims to promote women’s economic empowerment, sustainable finance, enterprise development andbusiness resilience. The agreement was signed by Chandan Karki, Chief Investment & Marketing Officer of Kumari Bank and Mrs. Darshana Shrestha, President of WomenEntrepreneurs Federation Nepal. This partnership is an important step towards further strengthening the supportive ecosystem for women-led businesses and enterprises.
The partnership will focus on women entrepreneurs’ access to responsible finance, enterprise development, sustainable and climate resilient financing, digital solutions, market opportunities and expanding their engagement with the chain. This collaboration will also explore innovative financing measures to address the financial challenges faced by women-led enterprises and enhance their growth and resilience and cash flow-based credit rating, movable asset-based financing facilities, guarantees, and other risk-sharing mechanisms.
Arpan Poudel, Head of the Sustainable Banking{ Banking said that the partnership reflects the shared commitment to expand women entrepreneurs’ access to finance, markets and knowledge while promoting inclusive and sustainable finance . “We aim to integrate the strong network of WomenEntrepreneurs Federation and Kumari Bank’s sustainable {{}} banking{ to help make women-led businesses more financially viable, resilient and growth-oriented{. The collaboration is also aimed at promoting genderequality in economic opportunities andcontributing to building a more resilient, inclusive andsustainable economy.
Under this cooperation, mechanisms will be developed for joint learning, impact measurement and engagement with stakeholders. Enterprise growth, access to finance, business resilience, job creation and sustainable business practices will be promoted as key areas of this initiative. The partnership reflects Nepal’s shared commitment to create viable, expandable{ and sustainableopportunities for women entrepreneurs and women-led enterprises across Nepal.
With a focus on customer-centric innovation, responsible banking{} and sustainable finance, Kumari Bank has been continuously strengthening its contribution to the long-term economic transformationof Nepal. TheBank aims to contribute to the development of financially viable green enterprises, build resilient value chains, expand employment opportunities, and build a climate-resilient and sustainable economic future.
