Notice/News Publication |
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.
