Kathmandu : Nepal’s leading commercial bank, Nabil Bank and Upaya Services (Upaya) have collaborated to support MSMEs by providing various services available in Upaya Platform as required by the clients of the Bank.
Under this strategic partnership, the bank engages Upaya to prepare the preliminary documents required for loan processing to its clients, particularly MSMEs based loan customers. Further, Upaya provides easy and transparent solutions regarding public services by providing linkage with the professional with Upaya who are on-the-field experts having adequate knowledge of the subject matter to the bank clients.
Niraj Kumar Basnet (Danil), Head-SME & MF, Nabil Bank and Mr. Raju K.C., General Manager, Upaya signed the agreement. Speaking about the partnership, Basnet said, “Nabil Bank has always been a pioneer in venturing various facilities/services to the MSMEs of the country to increase the access to finance along with the development of the overall economy. We are helping our MSME clients to follow the proper bookkeeping practices and comply with the law/regulation of the country for sustainable growth of the customers as well as the bank.
We are hopeful that this partnership will help our customers to fulfill the current gap in financial management of the borrowing MSMEs.”
The association with Nabil Bank Limited has been very fruitful says Raju K.C, General Manager of Upaya Services Limited. He further adds, ‘Upaya has been able to guide and help various borrowers of the bank by providing professional service on financial management, legal, taxation and management related consultation in addition to loan documentation related services. More than 100+ loan borrowers of the bank have been benefited by availing services from Upaya Services Limited till date.’
About Nabil Bank
Nabil Bank is operating with a 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 a highly trained team and robust / secured banking system, the bank is intended for superior service delivery for enhancing value to the customers : According to Head – Corporate Communication Unit, Krishna Subedi
About Upaya Services Limited
Upaya Services Limited is a public limited company which is owned, managed and operated by a team of professionals with extensive experience in law, finance, accounting, assurance, and management & information technology.
Upaya has been working with Nabil Bank Limited with a focal objective to provide hassle free loan documentation and consultation services to its clients, particularly MSME based loan customers. Small and Medium Enterprises are a vital part of Nepal’s economy which plays an important role in creating self-employment opportunities through mobilization of local resources.
Through the MOU between Upaya and Nabil Bank Limited, Upaya has been providing professional services to Nabil’s borrowers on company renewal and update works, taxation related works, preparation of financial statements and various loan related documents such as business plan and financial projections.