Question 1

What is Mero Microfinance Laghubitta Bittiya Sanstha Ltd.?

Accepted Answer

Mero Microfinance Laghubitta Bittiya Sanstha Ltd. (commonly known as MEROMICROFINANCE) is a national-level microfinance institution operating in Nepal. Established as a joint initiative of eight financial institutions (seven commercial banks and one development bank), MEROMICROFINANCE is registered as a 'D' class financial institution with Nepal Rastra Bank under the Bank and Financial Institutions Act (BAFI Act), 2073.

The institution provides microfinance services to economically and socially disadvantaged communities across Nepal, with a focus on improving livelihoods through agricultural financing and support for micro-enterprises.

Question 2

When was Mero Microfinance Laghubitta Bittiya Sanstha Ltd. founded?

Accepted Answer

MEROMICROFINANCE was incorporated under the Company Act, 2063, and registered with Nepal Rastra Bank as a 'D' class national level financial institution on 30 Asadh, 2070 (July 14, 2013). The institution received its operating license from Nepal Rastra Bank on July 14, 2013.

Formal microfinance operations began on 18 July, 2013 (1 Shrawan, 2070), from the institution's first branch office in Battar, Nuwakot district. The organization was later registered as a public company on October 31, 2013, marking its transition to full operational status.

Question 3

Where is Mero Microfinance Laghubitta Bittiya Sanstha Ltd. headquartered?

Accepted Answer

[Information not publicly available]

While specific headquarters location details are not publicly disclosed, MEROMICROFINANCE maintains its central office operations to oversee its national network of branches across Nepal.

Question 4

Where does Mero Microfinance Laghubitta Bittiya Sanstha Ltd. operate?

Accepted Answer

Mero Microfinance operates at a national level throughout Nepal, with branch offices distributed across multiple districts. The institution's first branch was established in Battar, Nuwakot district, and it has since expanded to serve rural and underserved communities throughout the country.

As a 'D' class national-level financial institution, MEROMICROFINANCE is authorized to operate across all regions of Nepal, focusing particularly on areas with limited access to traditional banking services.

Question 5

What services does Mero Microfinance Laghubitta Bittiya Sanstha Ltd. offer?

Accepted Answer

MEROMICROFINANCE provides a comprehensive range of microfinance products and services, including:

Microfinance Lending:
• Microloans for economically disadvantaged individuals
• Agricultural financing and support
• Micro-enterprise development loans
• Group lending programs
• Individual lending products

Target Services:
• Financial services for socially and economically disadvantaged communities
• Support for small-scale farmers and agricultural entrepreneurs
• Credit facilities for micro-enterprises
• Livelihood improvement financing

The institution focuses on sustainable microfinance practices, emphasizing poverty reduction and economic empowerment of underserved populations in Nepal. MEROMICROFINANCE tailors its services to meet the specific needs of rural clients who typically lack access to formal banking channels.

Question 6

What makes Mero Microfinance Laghubitta Bittiya Sanstha Ltd. unique?

Accepted Answer

MEROMICROFINANCE is unique as a joint initiative of eight major financial institutions (seven commercial banks and one development bank), providing it with strong institutional backing and financial stability. This collaborative structure distinguishes it from many other microfinance institutions in Nepal.

The institution's authorized capital is NPR 1,750 million, with issued and paid-up capital of NPR 1,320 million, making it one of the better-capitalized microfinance institutions in the country.

MEROMICROFINANCE places particular emphasis on agricultural financing and micro-enterprise development, aligning with Nepal's economic priorities and the needs of rural communities. The institution is committed to promoting sustainable microfinance services while maintaining financial self-sufficiency.

Question 7

What type of financial institution is Mero Microfinance Laghubitta Bittiya Sanstha Ltd.?

Accepted Answer

Mero Microfinance Laghubitta Bittiya Sanstha Ltd. is a 'D' Class Financial Institution licensed by Nepal Rastra Bank under the Bank and Financial Institutions Act (BAFI Act), 2073.

In Nepal's financial regulatory framework, 'D' class institutions are specifically designated as microfinance development banks (Laghubitta Bittiya Sanstha). These institutions are authorized to provide microfinance services including small-scale lending, savings mobilization, and other financial services targeted at economically disadvantaged populations.

'D' class institutions operate under the supervision and regulation of Nepal Rastra Bank, Nepal's central bank, which ensures compliance with prudential norms and microfinance best practices. MEROMICROFINANCE holds a national-level license, allowing it to operate throughout Nepal rather than being restricted to specific regions.

Mero Microfinance Laghubitta Bittiya Sanstha Ltd.

in Nepal 🇳🇵

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About Mero Microfinance Laghubitta Bittiya Sanstha Ltd. in Nepal

Mero Microf­inance Laghubitta Bittiya Sanstha Ltd.