19 June 2024, Kathmandu
“Laxmi Sunrise Bank and Aloi have signed a Memorandum of Understanding to explore and scale sustainable and green financing through digital interventions. This strategic partnership aims to enhance the bank’s SME and MSME portfolio and includes financial literacy programs, reinforcing their commitment to environmental stewardship and economic empowerment.”
Laxmi Sunrise Bank Partners Aloi
Laxmi Sunrise Bank and Aloi are proud to announce the signing of a Memorandum of Understanding (MOU), marking the commencement of a strategic partnership aimed at exploring, evaluating, and potentially initiating and scaling sustainable and green financing through digital interventions.
This collaboration is set to enhance sustainable and green financing initiatives, reinforcing the commitment to environmental stewardship. Also, the partnership will strengthen the bank’s portfolio in the SME and MSME sectors, leveraging leads generated by Aloi to drive growth. By supporting the development of SMEs and MSMEs, this collaboration is poised to make significant contributions to economic progress, foster job creation, and enhance their impact on the economy. Furthermore, the initiative will include financial literacy and banking-related educational programs for participants identified by Aloi, further solidifying the commitment to economic empowerment and community development.
Laxmi Sunrise Bank Partners Aloi
The agreement was signed by Mr. Dipesh Amatya, Chief RFS, and Ms. Sonika Manandhar, Co-Founder and CTO of Aloi. Both parties are dedicated to identifying strategic opportunities within green and sustainable sectors, leveraging their strengths and networks to drive innovation and create impactful change.
This MOU underscores the shared vision of both Laxmi Sunrise Bank and Aloi to foster a sustainable future and drive positive environmental impact through collaborative efforts.
About Aloi:
Aloi is a software platform providing climate financing monitoring for grassroots entrepreneurs. Their software tracks business loan expenditures and repayments automatically to ensure sufficient support and the building of trust between lenders and borrowers.
Laxmi Sunrise Bank, a premier commercial bank licensed by the Central Bank of Nepal, Nepal Rastra Bank, continues to spearhead transformative initiatives in the Nepalese banking sector. With a wide network of branches nationwide offering a comprehensive range of retail and commercial banking services, Laxmi Sunrise Bank has cemented its position as a cornerstone of the country’s financial landscape via modern technology-driven banking products/services, a progressive business model, and social obligations.
The bank aims to use finance to deliver sustainable and green economic, social, and environmental development.
Laxmi Sunrise Bank and Aloi have joined forces to drive green financing and sustainable development initiatives. Through innovative digital tools and strategic collaboration, we are paving the way for a brighter, more sustainable future.