Overview

MBL Small Farmers Individual Loan is designed to create employment opportunities and enhance access to finance for individual or groups of small farmers, particularly in rural and semi-urban areas. The product is targeted towards activities such as livestock farming, agriculture, and commercial farming.

Eligibility

•    Nepalese citizens (individuals only)
•    Minimum age: 21 years at the time of application
•    Loan must be repaid before the borrower reaches 65 years of age (for individual borrowers)
•    The borrower must be literate and capable of recording business activities
•    Joint applications allowed; at least one borrower must meet the eligibility criteria
•    Only members of an undivided family can be joint borrowers
•    The total loan limit for members of the same household shall not exceed the prescribed maximum limit.

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