Jyoti Bikas Bank Collaborates With HFN In The Fight Against Corona

May 20, 2020 | Investopaper

Jyoti Development Bank has agreed to cooperate with Health Foundation Nepal (HFN) on Wednesday with financial assistance of Rs. 200,000. Through ‘Our Development Promotion Fund’ created by the Bank for Social Responsibility, it has supported the organization’s N-95 UVGI decontamination project in the fight against corona.

UVGI technology, part of HFN’s N-95 decontamination project, disinfects N-95 masks and PPEs used by healthcare workers in the current situation. Facts have shown that the same N-95 mask can be safely reused at least five times using ultraviolet light if a technically appropriate decontamination method is used.

This technology will make a significant contribution to the easy supply of N-95 masks and PPE, which are essential for the use of health workers. In the first phase, HFN will install the technology in 28 different hospitals across the country in collaboration with the Ministry of Health and Population of the Government of Nepal and the Manmohan Cardiothoracic Vascular and Transplant Center.

The MoU was signed by Paras Raj Kandel, Acting Chief Executive Officer of Jyoti Development Bank and Madan Raj Bhatt, Executive Director of Health Foundation Nepal (HFN). Jyoti Vikas Bank has been cooperating in various social work through ‘Our Development Promotion Fund’ established for the purpose of making effective contribution to the society and is committed to assist in programs that will bring change in the society in the days to come.

At present, Jyoti Development Bank is providing services through 105 branch offices, 1 extension counter and 56 ATMs. So far, it has managed to raise Rs 34 billion in deposits from over 3 lakh accounts and invested about Rs 29 billion in loans to more than 20,000 borrowers.


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