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Career in Microfinance

on August 08, 2014

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Car loan from Prabhu Bikas Bank Ltd.

List of Microfinance Institutions MFIs in Nepal

List of Microfinance Institutions MFIs in Nepal 1. Bhagawan Youth Club Bhagawan Youth Club was started with the following objectives: To promote the life of the poor and provide them sustainable income through various interventions. Challenges Duplicating, unhealthy competition, Government policies, Acts. Contact Address: Alapot-7 Jorpati-2, Kathmandu GPO Box No 20702 Phone: 977-1-4450202 Email: bayocanepalnepalfingo@yahoo.com 2. Bindhavasini Saving Co-Operative Society ltd.(BISCOL) Bindhavasini Saving Co-Operative Society ltd.(BISCOL) is a community, Group and member based co-operative model Micro Finance Institution established 0n 27thDecember,1993, registered under Co-Operative Act. Limited banking function was started on 24th October 1995 with the approval from the Nepal Rastra Bank (Central Bank). BISCOL is providing Co-operative Microfinance Services to the members. Contact Area office: Banepa, Panauti, Khopasi, Dhungkharka & Panchkhal. Address:...

Kist Bank, Prabhu Bikas Bank to merge

Kist Bank and Prabhu Bikas Bank have formally decided to undergo merger. Rameshwor Sapkota, coordinator of the merger committee of Prabhu Bikas Bank, and Bishnu Gopal Shrestha of Kist Bank signed a Memorandum of Understanding (MoU) for merger at a program here on Thursday. Sapkota and Shrestha are also the board members of their respective banks. Officials of the two banks have agreed to name the merged entity as ´Prabhu Bank Ltd´. It has also been agreed that Devi Prakash Bhattachan and Kumar Lamsal will be the chairman and CEO, respectively, of Prabhu Bank Ltd. While Bhattachan is the chairman of Prabhu Bikas Bank, Lamsal is the CEO of Kist Bank. Ashok Sherchan, deputy CEO of KIST Bank, told Republica that the merger process has been initiated to consolidate the capital and other strengths of the two banks and to present the merged entity as one of the strong banks in the country´s banking sector. He said they agreed to name the merged entity Prabhu Bank Ltd because of the recent co...

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Career in Microfinance

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