Everest Bank and Heifer International Nepal signed a Memorandum of Understanding (MoU) to initiate a partnership to provide value chain financing to women entrepreneurs engaged in goat, dairy, vegetable and local chicken value chains. Deputy General Manager of Everest Bank, Girish Kohli, and Country Director of Heifer International Nepal, Dr. Shubh Narayan Mahato formally signed and exchanged MOUs on February 19.
With the signing of this MoU, both organisations will collectively work towards enhancing access to finance for women entrepreneurs that are engaged in these four value chains. This partnership will focus on assessing and developing the capacity of women entrepreneurs to expand their businesses while achieving the bank’s objective of increasing its direct lending for women entrepreneurs engaged in goat, dairy, vegetables and backyard poultry value chains with new and existing loan product(s). Everest Bank with its wide reach and branch network will make loans available conveniently to women entrepreneurs in the Heifer supported cooperatives. Similarly, Heifer along with Social Entrepreneurs Women will facilitate the identification and recommendation of entrepreneurs to link them with the Bank.