Kumari Bank Limited (KBL) has signed a Memorandum of Understanding (MoU) with MinErgy Initiatives (MI) to promote green finance, climate resilience, and financial inclusion for Micro, Small and Medium Enterprises (MSMEs) across Nepal.
The strategic partnership aims to create a collaborative framework that connects community-based green projects with commercial banking services, enabling greater access to sustainable financing while promoting inclusive economic development.
Under the agreement, MinErgy
Initiatives will contribute its technical expertise in climate change mitigation and sustainable development, while Kumari Bank will provide its financial infrastructure and nationwide banking network. The collaboration is expected to reduce traditional barriers to credit for MSMEs and local communities by integrating climate-focused capacity building with accessible financial services.
The MoU was signed by Chandan Karki, Chief Investment and Marketing Officer of Kumari Bank, and Shyam Sundar Shrestha, Chairman of MinErgy Initiatives.
The partnership is built around the vision of creating a “Bank
-Ready Community and a Community-Ready Bank,” with both organizations working to strengthen the relationship between grassroots entrepreneurs and formal financial institutions.
“Bridging the gap between international climate finance and grassroots entrepreneurs requires an ecosystem that understands both community realities and banking risk frameworks,” said Arpan Paudel, Head of Sustainable Banking at Kumari Bank. “This partnership transforms capacity building into tangible financial inclusion.”
Kumari Bank stated that it will utilize its nationwide network to expand the reach of sustainable finance initiatives and support Nepal’s transition toward a greener and more climate-resilient economy.
The bank currently operates 286 branches, 304 ATMs, 41 extension counters, 40 branchless banking units, and more than 1,233 POS terminals nationwide, alongside digital banking, mobile banking, and international Visa card services.
The collaboration further strengthens Kumari Bank’s commitment to integrating sustainability into its banking operations and contributing to Nepal’s long-term environmental and economic development.
