Kumari Bank Limited has successfully entered into an External Commercial Borrowing Agreement with EMF Microfinance Fund, AGmvk, Liechtenstein. As per the agreement, Kumari Bank Limited is securing USD 10 Million through external commercial borrowing.
By joining hands with EMF Microfinance Fund, Kumari Bank aims to empower microfinance portfolio with access to affordable credit and create new opportunities for economic advancement. This successful agreement reflects the confidence of global investors in the Bank’s creditworthiness and its ability to navigate the dynamic financial landscape successfully.
With a firm focus on innovation, sustainability and customer centricity, Kumari Bank is poised to further elevate its market presence and foster economic growth. Previously, Kumari Bank has successfully completed External Commercial Borrowing with Microfinance Enhancement Facility SA, SICAV-SIF to support Women Empowerment Loans and Women owned MSMEs.
Kumari Bank Limited, for over past two decades has been serving its customers with innovative and effective products and services. The Bank has pioneered in providing modern banking services like Internet Banking and Mobile Banking. Through its network of 304 branches, 49 extension counters, 63 branchless banking units and 307 ATMs across the country, Kumari Bank Limited strives towards meeting the dynamic needs of its customers by delivering innovative and technologically advanced banking facilities in a simpler and convenient manner.