Kumari Bank Launches Green Hire Purchase Loan to Promote Electric Public Transport in Nepal

Kumari Bank Limited has launched the “Green Hire Purchase Loan”, a financing scheme to help public transport operators in Nepal purchase or upgrade to electric mini and microbuses. Developed in collaboration with the SET4NPL project and supported by international organizations like GIZ and GGGI, the program offers upfront equity grants, accessory subsidies, and competitive interest rates for vehicles from authorized suppliers.

The initiative reflects Kumari Bank’s commitment to sustainability, clean energy transport, and pollution reduction, while easing financial pressure on customers. Through this and other innovative products, the bank continues to promote environmental responsibility, inclusive finance, and long-term economic growth across Nepal.