A memorandum of understanding (MOU) on Client Loan Service has been signed between KhEC and NBL and KhCE and NBL separately on Bhadra 10, 2078. The management committee of the colleges issued authority to the principals for signing the MoU. Er. Sujan Maka, Principal of KhEC, and Er. Sunil Duwal, Principal of KhCE, signed the MoU on behalf of respective colleges, and Mr. Bishnuman Bhaila, Branch Manager, NBL Bhaktapur Branch signed on behalf of the Bank.
Explaining the provision of the loan service Er. Maka said, - "A member of the KhEC and KhCE family can apply for this service for following three purposes: Residence, Health, and education." Er. Duwal stressed, -"Only needy faculty and staff of the college should apply for the service. One must be aware of the terms and conditions of the service before applying it."
Mr. Bhaila shared a light upon the provisions in this loan service. He thanked colleges for providing the opportunity to provide banking services from NBL to the colleges and their members. Mr. Kaji Bahadur Pancha, head of, account section of the colleges shared his views on the loan services on behalf of college staff.
This new service will aid financial support to the needy faculty and staff of the colleges.