Laxmi Sunrise Bank, Aloi forge strategic partnership to boost green financing

KATHMANDU: Laxmi Sunrise Bank and Aloi signed 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. Additionally, the partnership will strengthen the bank’s portfolio in the small and medium-sized enterprises (SME) and micro, small, and medium enterprises (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, fostering job creation and enhancing their impact on the economy. Furthermore, the initiative will include financial literacy and banking-related educational programmes for participants identified by Aloi, further solidifying the commitment to economic empowerment and community development.

The agreement was signed by Dipesh Amatya, Chief-RFS at Laxmi Sunrise Bank, and 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 repayment automatically to ensure sufficient support and building of trust between lenders and borrowers. 

About Laxmi Sunrise Bank: 

Laxmi Sunrise Bank, a premier commercial bank licensed by Nepal Rastra Bank, the central bank of Nepal, continues to spearhead transformative initiatives in the Nepali banking sector.