An interview with Govinda Bahadur Raut, Chief of Small and Micro Banking at Muktinath Bikas Bank Ltd. (MNBBL) the 2020 European Microfinance Award winner.
The Nepalese bank, Muktinath Bikas Bank Ltd, offers eight different savings products, specially designed for rural and low-income people. Based on solidarity groups, the savings model Muktinath used helps them to lower their operational costs by reaching as many people as possible in a short time period and building trust at the community level.
Read Muktinath Bikas Bank Ltd. experience with savings from before and during the pandemic here.
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Picture 1 © Pallab Seth