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List of microcredit providers

Microcredit is the extension of very small loans (microloans) to the unemployed, to poor entrepreneurs and to others living in poverty.

The following financial institutions are operating in the field of microfinance in Nepal:

Grameen bank
information about
Grameen Bank Nepal Biratnagar

Centre for Micro Finance
CMF is an autonomous, sustainable and wholly privately owned Nepali Company which is capable of providing technical services to strengthen the Micro Finance sector in Nepal and the region. CMF activities are implemented by a committed team with proven expertise in the field of Micro Finance

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Nirdhan Utthan Bank
the bank for upliftment of the poor is a microfinance bank established in November 1998

 

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News about microfinance

18-1-2009
Nepal Rastra bank is mulling over creating a separate regulatory body to regulate and supervise microfinance development banks by entrusting its present responsibilities to it. Gopal Prasad Kafle, executive director of NRB, said that the central bank was going over a preliminary draft of the Micro-Finance Act which would provide for the establishment of a separate regulatory body. After the act goes into force, NRB will transfer its responsibilities of regulating and supervising microfinances, cooperatives and non-governmental organisations (NGOs) to the new regulatory body.

16-02-2008:
Minister of Finance Dr. Ram Sharan Mahat Thursday said that micro-finance was an effective tool to alleviate poverty prevalent in any underdeveloped and developing country. Addressing the inaugural session of the first 'Micro-finance Summit Nepal 2008', he said that microfinance had proved popular in empowering women with the credits and loans scheme. He said that such schemes would encourage habit of saving among the women which would help them to be independent. Assessing the role of micro-finance institutions in poverty alleviation, he also promised to provide tax concessions to them. He said that micro-finance was most often targeted to women, who maintain a recovery rate by 99 per cent, to any financial institution.

Read more about this microfinance summit

 
More news & articles about banking & loans
micro credit is a wheel of change (26-1-2009)
micro finance cuts poverty (16-2-2008)
Nepal hosts micro finance summit (11-1-2008)
Insurance companies of Nepal to be more transparent (4-9-2008)
Children saving scheme by Nepal Investment Bank (21-8-2008)
Life Insurance Corporation (Nepal) launches money back guarantee plan (15-8-2008)
Profit of Agriculture Development Bank (25-7-2008)
Sunrise bank in Gabahal Lalitpur (27-6-2008)
Per capita income Nepal reaches $470 (10-06-2008)

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