24 September 2024, Kathmandu
Garima Development Bank Limited has publicly named 13 borrowers who have failed to repay their loans.
13 Loan Defaulters Named publicly
The bank has given these defaulters 35 days to settle their outstanding debts.
Despite repeated reminders, the borrowers have not made any payments. If the loans are not repaid within 35 days, the bank will auction off the collateralized assets to recover the outstanding amounts.
The bank will also report the defaulters to the Credit Information Center. This will make it difficult for them to obtain loans from other financial institutions in the future.
Garima Development Bank is committed to responsible lending practices and will take legal action against those who breach their loan agreements.
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