Kamana Sewa Development Bank to provide collateral-free loan to ACAN members

 

Kathmandu: Association of Chartered Accountants of Nepal (ACAN) and Kamana Sewa Development bank have signed an agreement for a collateral-free loan for professionals. According to the agreement, now ACAN members can avail collateral-free loan from Kamana Bank.

CEO of Kamana Bikas Bank, Pravin Basnet, and Anand Raj Sharma Wagle, president of ECAN, signed the agreement amid a recent function.

The bank, which has 125 branches, will provide collateral-free loan up to Rs 1.5 million to ACAN members. According to Ramesh Dhital, vice-president of ACAN, this will ease the situation of CAs to fulfill their needs at the time of crisis.