Small and medium enterprises(SME) Loan

Small and medium enterprises form an integral part of the economy. These sectors have a vast and essential credit requirement in banking sectors .SME in Nepal form an integral part of the economy. These sectors have a vast but untapped credit requirement in the banking sector. Such credit requirements are either catered through the personal lending market or tapped by co-operatives. Such businesses are generally managed individuals and family run. They have a core understanding of what business they are doing but when it comes to producing financials, written business plans, etc. The accounting and financing records they keep are very simple. Due to these factors, apart from many others, they are shy and reluctant to approach banks and financial institutions to fulfill their credit requirements.

This product is designed in such a way that such borrowers can avail such requirements in the SME category in the form of overdrafts and term loan according to their requirements. These  products would be suitable for small family businesses including retailers, wholesalers, distributors, cottage and small scale manufacturing/processing units, exporters, importers, contractors, suppliers, workshops, fabricators, educational institutions, medical/health facilities, travel/tour operators and service sectors.