Saturday, September 18, 2021

GIBL to extend concessional loan to returnee migrants, families

Kathmandu, Sept 17

Global IME Bank Limited and Nepal Institute for Development Studies (NIDS) have signed a memorandum of understanding (MoU) to provide concessional loans and financial literacy and entrepreneurship training to the individuals of target community and areas.

As per the MoU, signed on Friday, GIBL will provide concessional loan to returnee migrant workers, families dependent on migrant workers, youth rescued from human trafficking and other relevant persons on the recommendations of the NIDS.

Chief Executive Officer of the bank Ratna Raj Bajracharya and Executive Director of the NIDS Chiranjivi Baral have signed the MoU.

GIBL has 280 branches in 76 district, 250 ATMs, 257 branchless banking service, 47 extension and revenue collection counters and three representative offices in foreign countries.

It is also contributing to the remittance from the countries like the United States of America, United Kingdom, Malaysia, South Korea, Japan, Saudi Arabia, Qatar, United Arab Emirates, Bahrain, India, Jordan and Hong Kong.

Published in The Rising Nepal daily on 18 September 2021. 

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