Aloi Private Limited, a platform dedicated to lending to emerging market green micro-entrepreneurs through verified merchants, and Kumari Bank Limited recently signed the Memorandum of Understanding (MoU) to facilitate green financing.

As per the MoU, the two organisations will explore, evaluate, cooperate, and potentially work towards initiating and upscaling sustainable and green financing through digital financial literacy programs. The MoU signifies a strategic partnership aimed at digitizing green and sustainable financing, with an initial focus on digital financial literacy workshops, according to the joint statement issued by the organisations. Under this collaboration, Kumari Bank and Aloi Private Limited will work together to provide digital financial literacy workshops to MSMEs in the agricultural sector.