12 August 2024, Kathmandu
Muktinath Development Bank and the Federation of Women Entrepreneurs Nepal have entered into a strategic partnership to empower women entrepreneurs and boost economic development in the country.
Muktinath Development Bank and Federation of Women Entrepreneurs
The agreement, signed by Til Bahadur Gurung, Assistant Deputy Chief Executive Officer of Muktinath Bank, and Shobha Gyawali, President of the Federation, outlines a collaborative effort to provide easy access to loans, financial literacy, and business education for women-led enterprises.
Under this partnership, the bank will offer simplified loan processes, attractive interest rates, and financial support to women entrepreneurs affiliated with the federation’s 67 district chapters. The focus will be on assessing business potential and providing tailored solutions to meet the needs of these enterprises.
Shobha Gyawali expressed optimism about the partnership, emphasizing its potential to empower women entrepreneurs and enhance their financial literacy. Muktinath Bank’s ‘Muktinath Saral’ loan scheme, designed to support small businesses, is expected to further facilitate growth among women-led enterprises.
About Muktinath Development Bank
Muktinath Development Bank stands as a cornerstone of Nepal’s financial landscape. With a strong emphasis on inclusive banking, the bank has successfully reached a wide spectrum of customers, including those in remote rural areas. By providing a diverse range of financial products and services, Muktinath has empowered individuals and businesses alike. The bank’s commitment to rural development is evident through its various initiatives aimed at uplifting underserved communities. As a leading financial institution, Muktinath Development Bank continues to play a pivotal role in Nepal’s economic growth and progress.
About Women Entrepreneurs
Women entrepreneurs are reshaping economies worldwide. With resilience and innovation, they are breaking barriers and creating opportunities. From tech startups to sustainable businesses, women are at the forefront of driving economic growth. However, challenges such as access to finance and gender bias persist. Supporting women entrepreneurs through mentorship, funding, and policy changes is crucial to unlocking their full potential. Their leadership and creativity are essential for building a more equitable and prosperous future.
Muktinath Development Bank and Federation of Women Entrepreneurs
