Kumari Bank Launches QR Merchant Phone Loan Facility to Support Small Entrepreneurs

To promote entrepreneurship and provide financing to small business owners, Kumari Bank has introduced a QR merchant phone loan facility. This program allows entrepreneurs to secure loans up to Rs. 100,000 based on their QR transaction history.

To qualify, they must conduct at least two business transactions per week through their account for four consecutive weeks, with a minimum monthly transaction value of Rs. 10,000.

Loans can be accessed and repaid through Kumari Bank's mobile banking app without the need for physical bank visits or collateral. This initiative aims to attract small entrepreneurs to formal financing and support their business growth.

Kumari Bank, with 23 years of service and a network of 302 branches, 314 ATMs, and 57 branchless banking units, is committed to providing accessible and efficient services.