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February 25, 2015- News

Civil Bank Limited and MercyCorps have signed an agreement to upgrade the Carpet and Pashmina industries by selecting and extending credit to firms for adopting clean production practices, minimizing environmental pollution and enhancing production capacity. The agreement was signed by Civil Bank’s CEO, Mr. Kishore Maharjan and the Country Director of MercyCorps, Mr. Sanjay Karki. The Bank will also be providing necessary financial consultancy and shall be organizing financial training for firms. “The agreement will prove pivotal in the advancement of Nepal’s very own carpet and pashmina industries by increasing their capacity and thereby playing a significant role in increasing the nation’s exports” said Mr. Kishore Maharjan, CEO of the Bank.