Sanima, USAID Trade and Competitiveness Activity signs Letter of Cooperation

KATHMANDU, DECEMBER 14: Sanima Bank Ltd and the USAID Trade and Competitiveness Activity have today signed a Letter of Cooperation with the goal of co-creating innovations that accelerate the implementation of broad-level sustainable solutions. This initiative also aims to strengthen the ability of targeted market actors to latch on to market opportunities presented by economic activities within Nepal and abroad.

The USAID Trade and Competitiveness Activity is a five-year-long project, which aims to accelerate firm and sector-level competitiveness, generate employment opportunities, and increase sales of firms through interventions that incentivize public and private sector actors across the ecosystem.

This activity seeks to encourage the adoption of new behaviors among market actors towards the realization of outcomes related to increased market access, increased productivity and employment creation and the creation of an enabling environment through an improved investment climate.

Nischal Raj Pandey, the CEO of Sanima Bank Ltd, mentioned that the cooperation would enable the bank to further strengthen its initiatives in better serving Micro Small Medium-sized Enterprises (MSMEs) through increased access to sustainable financial products and services.

Sanima Bank is providing services from 130 offices and 123 ATM networks across all 7 provinces.