Nabil Bank and Aloi joined hands for Digital Green Financing

Nabil Bank Ltd. has agreed with Aloi Private Limited to digitize green and sustainable financing. With this strategic partnership, Nabil Bank will explore, evaluate, co-operate, and work towards providing digital lending services to commercial electric vehicles using Aloi’s digital loan and repayment tracking system more effectively.

Sujit Kumar Shakya, Senior Deputy Chief Executive Officer of Nabil Bank Ltd., and Sonika Manandhar, Cofounder of Aloi Private Limited signed a Memorandum of Understanding (MoU) for this partnership. Senior DCEO Shakya said that the bank took an extra step to finance commercial electric vehicles as sustainable financing. 

As a part of sustainable banking, the bank encourages entrepreneurs seeking to purchase commercial electric vehicles to avail loans with attractive pricing and easier processing. Aloi owns and operates Digital Loan Utilization Monitoring Software, currently working in two green sectors i.e. Agriculture and Electric Commercial Vehicles. The agreement has been signed for loan repayment tracking of Commercial Electric Vehicle Financing.