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NUBL to provide collateral free loans

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KATHMANDU, Feb 26: National Micro Entrepreneurs Federation Nepal (NMEFEN) and Nirdhan Utthan Bank Limited (NUBL) have signed an agreement to provide access to finance for micro entrepreneurs.

Issuing a statement, the two institutions have said that NUBL will provide collateral free loan of up to Rs 300,000 to micro entrepreneurs promoted by Micro Enterprise Development Program (MEDEP) and Nepal government's Micro Enterprise Development for Poverty Alleviation (MEDPA) program.

According to the statement, over 40,000 micro entrepreneurs from 52 districts, most of them hilly and mountainous, are expected to benefit from the partnership.



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