Nabil Bank signs MOU with Daraz to support SME sector; to enable Daraz sellers to procure affordable credit from Nabil Bank under Sarathi program

Nabil Bank Limited and Daraz Kaymu Pvt. Ltd. have signed a MOU for collaboration in supporting Small and Medium Enterprises (SME) businesses in Nepal.

Nabil Bank is a leading commercial bank in Nepal providing banking services to the customers. Daraz is one of the largest online shopping store in Nepal, empowering thousands of sellers to connect with large customer community. Together they have launched financing program called “Sarathi Program”, where Daraz sellers shall be able to apply for large varieties of Nabil SME loan products with attractive interest rates. This program is designed for all the SME customers both existing and new, selling their products through Daraz platform.

Mr. Sujit Kumar Shakya, Deputy CEO, Nabil Bank and Mr. Lino Alhering, Managing Director, Daraz Kaymu Pvt. Ltd had signed the agreement during a special ceremony. Speaking about the launch, Deputy CEO of Nabil Bank said that, "This collaboration will remain as a milestone for the development of digital marketplace in Nepal. One of our top priorities is to provide support to SMEs in Nepal to enhance their business through value chain financing for which we have collaborated with Daraz for the Sarathi Program. We believe this financing arrangement shall help them to navigate through the hardships due to COVID-19 and revive their businesses for long term stability and growth.”

Likewise, Managing Director, Daraz Kaymu Pvt. Ltd said, "We are very excited to present Sarathi in collaboration with Nabil Bank. Even though we have worked on this for a long time, it proves to be even more important considering the impact of COVID-19 on the economy. This is a new solution to credit scoring in Nepal and we are just in the beginning of this strategic partnership. Hence, we are looking forward to working very closely with Nabil Bank on this SME lending program so we can further strengthen the Nepali ecosystem".

SMEs interested in creating their online presence can visit the following link to the Sarathi Program which is jointly facilitated by Nabil Bank and Daraz.

https://www.daraz.com.np/wow/camp/daraz/megascenario/np/campaigns/daraz-sarathi-program?hybrid=1

The Bank is operating with wide network with 119 branches, 185 ATMs and more than 1,500 Nabil Remit Agents spread across the country. With banking experience of more than three decades with highly trained team and robust / secured banking system, bank is intended for superior service delivery for enhancing value to the customers.