NDB joins hands with Daraz to support entrepreneurs and SMEs

NDB has partnered with Daraz to provide SME businesses a method in which to sell their products as a method of relief. 
The premier bank recently signed a Memorandum of Understanding (MoU) with Daraz to jointly provide the bank’s SME business owners with a platform to sell their wares to the customer without an intermediary between the seller and the customer.  
Accordingly, during the months of May, June, and July, the sellers of Daraz will be provided with special rates for running capital loans as well as a fast-track approval process. The bank will also provide Daraz as a platform to the existing NDB SME clients. Daraz will in turn provide 0 per cent commission extended to all Small Medium Enterprise (SME) customers of NDB, weekly payments for all non-SME sellers and free packaging material for all new sellers subscribing during the validity period, NDB said in a media release.
Additionally, from July to December 2020, all NDB female entrepreneurs can enjoy an exclusive partnership with Daraz along with the banking facilities available under Araliya Umbrella including an Araliya Business Loan (for capital expenditure, working capital and for day-to-day operational expenses), Araliya Credit Card, Araliya Current Account, Araliya Savings Account, Araliya Debit Card, Working Capital facilities (subject to prevailing credit criteria of the bank), Preferential interest rates, Insurance Schemes (Life Cover and hospitalization benefits) as well as Non-financial Services under Araliya Umbrella.
These female entrepreneurs will also have access to Araliya Knowledge Sharing Forums, access to Araliya Mentoring amd networking sessions, third-party advisory services (e.g. process of business registration, book keeping, etc.) as well as a special certification programme on Small Business Management, the release said.