Muktinath Bikas Bank to extend collateral-free loans of up to Rs 15 lakh to advertising agencies

Muktinath Bikas Bank has inked an agreement with the Advertising Association of Nepal (AAN) to extend affordable credit facilities to the member agencies associated with AAN.

The MoU was signed between Chairman of AAN Mr. Som Prasad Dhital and CEO of the bank Mr. Pradhyuman Pokharel amid a program.

With this understanding, the bank will provide up to Rs 15 lakh as credit without any collateral to 150 direct members and 700 plus other affiliated member agencies under AAN with a repayment period of the next two years, as per the media statement.