DHARAN, May 27: Every month, Shambhu Prasad Gachchhadar ,35, a staffer at the Kathari-based Jiwan Bikash Micro-Finance Ltd in Morang, used to go to Dharan-4, 5 and Yangshila area of Morang to collect deposits from individuals as well as firms.
KATHMANDU, Dec 1: Prime Minister KP Sharma Oli has urged the Nepal Rastra Bank to regulate properly the microfinance because the microfinance in the far-flung areas was heard to have imposed 18 percent interest to the people.
KATHMANDU, Sept 7: Nepal Rastra Bank (NRB) Governor Chiranjibi Nepal has cautioned microfinance institutions that the growing unhealthy competition was becoming a challenge for the financial sector of the country.
BAGLUNG, Feb 6: Saraswati Karki of Hatiya, Baglung makes 40,000 a month these days. Despite coming from a middle-class family, she was able to improve her economic condition with her own efforts. Being associated with a microfinance program conducted by CYC Nepal, she was able to take a loan of Rs 5,000 to start her sewing business in 2004.
KATHMANDU, Dec 7: The 4th Annual General Meeting (AGM) of NMB Microfinance Institution has decided to distribute 25 percent bonus shares to its shareholders from the profit earned in Fiscal Year 2015/2016.
KATHMANDU, Aug 15: The Monetary Policy recently unveiled by Nepal Rastra Bank for the fiscal year 2073-74 BS has created ripple among the microfinance bankers and practitioners mainly due to its tough stance on interest spread rate.