Aloi and Kumari Bank Collaborate for Digital Green Financing

Aloi Private Limited and Kumari Bank Limited have entered into a partnership, marked by the signing of a Memorandum of Understanding (MoU), to spearhead sustainable and green financing endeavors. Their collaborative efforts will commence with the digital transformation of green financing, starting with digital financial literacy programs tailored for Micro, Small, and Medium Enterprises (MSMEs) in the agricultural sector.

Aloi, dedicated to providing loans to green micro-entrepreneurs, utilizes blockchain technology to automate the monitoring of business loan expenditures and repayments. The partnership underscores a commitment to bridging the financing gap for micro-businesses and fostering sustainable practices, with an initial focus on boosting financial literacy among MSMEs. Through this collaboration, Aloi and Kumari Bank aim to explore, evaluate, and potentially upscale initiatives that contribute to the digitization of sustainable and green financing in Nepal.