Aloi Yearly Newsletter 2024

Aloi has organized Women Mobility program, a two-wheeler program focusing on empowering women by creating a supportive ecosystem providing essential skills and job opportunities. In this program, we provide credit at a very low interest rate under understandable circumstances to train and guide the participants. Following are the criteria and details of the program. If you have any trouble understanding our program, please feel free to contact us.
Phase 1: Training Loans
In the first phase, we will connect interested women to financial institutions that can provide loans to cover their training, licensing costs, and multiple trials if needed.
The first two months will be considered as a grace period where the borrower only needs to repay the interest amount. The full repayment of the loan starts two months after beginning the job. The repayment period is valid for 1 year and, also could be repaid on a daily/ weekly or monthly basis as per their convenience.
Our first phase of training includes:
Phase 2: Leasing and Employment
After the trained women obtain their licenses, participants can lease electric scooters from Aloi or our rental partners (Niu, Segway, Komaki, Yadea, Super Soco, etc.). They can work in our partnered logistics companies (Bhoj, Upaya, Pick N Drop, Khaanpin, etc.) with a stable salary and can also do ride-sharing for extra income. During this phase, we expect the women to save for the down payment to buy their own scooters. We would love to see empowered women with their own stable income.
Phase 3: Access to EV financing
Once the down payment is saved, Aloi will help participants get financing from banks to purchase their own electric scooters. Aloi will also connect participants with EV vendors offering heavy discounts.
● Women who receive driving training for electric 2-wheelers will get the necessary skills
to operate these vehicles, thereby increasing their mobility and independence.
● Access to credit facilities will enable women to buy electric scooters on their own, allowing them to commute and earn income, achieving financial empowerment.
● Promoting electric scooters will reduce carbon emissions and air pollution, contributing to a sustainable transportation system.
● Increased female participation in logistics will prove women can excel in this industry, and boosting the adoption of electric vehicles, helping logistics companies reduce costs and support a healthier climate.
For more inquiries, please contact: Surbhi Mishra at surbhi@aloi.global or +977 9704554216/ +977 9818050662
If you are interested in what we do, please visit here.
Kathmandu, Nepal – June 19, 2024
Laxmi Sunrise Bank and Aloi are proud to announce the signing of a Memorandum of Understanding (MOU), marking the commencement of a strategic partnership aimed at exploring, evaluating, and potentially initiating and scaling sustainable and green financing through digital interventions.
This collaboration is set to enhance sustainable and green financing initiatives, reinforcing the commitment to environmental stewardship. Also, the partnership will strengthen the bank’s portfolio in the SME and MSME sectors, leveraging leads generated by Aloi to drive growth. By supporting the development of SMEs and MSMEs, this collaboration is poised to make significant contributions to economic progress, fostering job creation and enhancing their impact on the economy. Furthermore, the initiative will include financial literacy and banking-related educational programs for participants identified by Aloi, further solidifying the commitment to economic empowerment and community development.
The agreement was signed by Mr. Dipesh Amatya Chief-RFS at Laxmi Sunrise Bank, and Ms. Sonika Manandhar, Co-Founder and CTO of Aloi. Both parties are dedicated to identifying strategic opportunities within green and sustainable sectors, leveraging their strengths and networks to drive innovation and create impactful change.
This MOU underscores the shared vision of both Laxmi Sunrise Bank and Aloi to foster a sustainable future and drive positive environmental impact through collaborative efforts.
About Aloi:
Aloi is a software platform providing climate financing monitoring for grassroots entrepreneurs. Our software tracks business loan expenditures and repayment automatically to ensure sufficient support and building of trust between lenders and borrowers. For more information, please visit read more about us.
About Laxmi Sunrise Bank:
Laxmi Sunrise Bank, a premier commercial bank licensed by the Central Bank of Nepal, Nepal Rastra Bank, continues to spearhead transformative initiatives in the Nepalese banking sector. With a wide network of branches nationwide offering a comprehensive range of retail and commercial banking services, Laxmi Sunrise Bank has cemented its position as a cornerstone of the country’s financial landscape via modern technology-driven banking products/services, a progressive business model, and social obligations. The bank aims to use finance to deliver sustainable and green economic, social, and environmental development.