Kathmandu. Laxmi Sunrise Bank and IMS Software Pvt. Ltd. Ltd. Technical Service Provider (TSP) has collaborated with the objective of providing easy loan facilities to small and medium enterprises (SMEs) of Nepal through digital medium.
According to the Digital Lending Guidelines of Nepal Rastra Bank, SME customers of Laxmi Sunrise Bank can apply for and get loan approval through the digital process soon. To take advantage of this feature, enterprises must use the Enterprise Resource Planning (ERP) system in their business. In addition, the businesses that are associated with IMS Software and meet the required criteria will be eligible for this scheme.
Under this collaboration, IMS Software will provide a digital lending platform as a Technical Service Provider (TSP) to enable eligible enterprises to complete loan applications digitally based on their business data available in their ERP systems. This is expected to make the loan process simpler, faster and more transparent, and give businesses easier access to the necessary financial resources.
According to the bank, this initiative will help expand financial access to the SME sector and encourage businesses to adopt digital systems. The collaboration between Laxmi Sunrise Bank and IMS Software will facilitate the loan approval process through a data-based evaluation system that will make the loan approval process more efficient and contribute to the sustainable development of small and medium enterprises in Nepal.
This combination of Laxmi Sunrise Bank’s banking expertise and technological capabilities as a Technical Service Provider (TSP) of IMS Software is expected to help businesses access credit quickly, smoothly and transparently to further strengthen Nepal’s digital economy.
