Sakchyam Access to Finance Prograe and Bank of Kathmandu (BoK) have signed a partnership agreement to open new branches to enhance access to finance in rural and semi urban market segments.
The partnership, which is the second between Sakchyam and BoK since February 2015, will open a total of six new BoK branches in Bardia, Dang, Kanchanpur, Kailali, Pyuthan and Rupandehi, as per a press statement. With the new partnership, rural and semi urban market segments will be able to enjoy required financial services at ease, boosting the region’s economic activity.
BoK, in partnership with Sakchyam, will focus on providing a complete suite of financial products, that is, savings, micro loans targeting women entrepreneurs, smallholder farmers, remittance facility alongside tailored financial services to SME/MSMEs operating in the region. BoK will also seek to extend its financial coverage benefitting various other marginalised communities through ‘wholesale loans’ to local financial institutions.