Nabil Bank & FWEAN Collaborates to Support Women Run Enterprises in Nepal; COVID affected MSMEs run by women to receive special credit facility with business consultation

Nepal’s leading commercial bank, Nabil Bank, and Federation of Women Entrepreneurs’ Association of Nepal (FWEAN), a non-profit organization, have collaborated to provide interest subsidized loan & MSME loans for catering requirement of the members of FWEAN.

Under this strategic partnership, Micro, Small, and Medium Enterprises (MSMEs) which are highly affected by COVID 19 pandemic shall be benefitted from MSME loans from Nabil Bank to meet their financing requirements for sustainable growth. Furthermore, those enterprises shall get advisory/development support from FWEAN. The collaborating partners also plan to conduct financial literacy programs under this partnership, as per the media statement.

The agreement was signed by Mr. Niraj Kumar Basnet (Danil), Head-SME & MF, Nabil Bank, and Ms. Reeta Simha, President, FWEAN. Speaking about the partnership, Mr. Basnet (Danil) said, “Nabil Bank highly encourages Women empowerment and has always been stepping ahead in supporting Women Entrepreneurs to develop skills for sustainability, increase in production & job creation through easy access to finance. We are very excited to collaborate with FWEAN to provide various types of banking facilities including MSME loans as per the requirements of its members enabling them to grow their business and contribute to the economic development of the country”.

Likewise, Ms. Reeta Simha, President, FWEAN said, "There can be no peace, no prosperity, and no progress without the full participation of women. We are very grateful towards Nabil Bank for supporting Women Entrepreneurs through Access to Finance.”