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To finance general micro finance loans to marginalized and low income groups of society through Cooperatives, FINGOs and Micro Finance Development Bank.

  • Registered institution involved in providing Micro Finance services – Cooperatives, FINGOs and Micro Finance Development Bank
  • Registered institutions as Cooperative and FINGOs involved in providing Micro Finance services with following fulfilled criteria:
    • Should be registered with concerned authority of Government of Nepal.
    • The entities with at least 3 consecutive years of net profit.
    • The entities should have a provision of collecting savings (where applicable), mobilizing credit and borrowing loans from other institutions in its Charter/Memorandum of Article/Articles of Association.
  • Registered institutions as Micro Finance Development Bank involved in providing Micro Finance services with following fulfilled criteria:  That completed 2 consecutive years with net profit.

OTHER CRITERIA

  • Repayment rate of >90% from loan provided to its members.
  • All the loans made by the related financial institution to be as per the criteria laid down by the NRB from time to time.

  • In case of Cooperatives: 1. Minimum loan size - above NPR 10,000,000/- 2. Maximum loan size - NPR 100,000,000/- 3. Loan amount should not be greater than 1/3 of the institution’s total loan portfolio. 4. Maximum loan amount up to 5 times the Share Capital of the Institutions.
  • In case of NRB licensed Cooperatives:
    • Maximum loan amount up to NPR 200,000,000/-, if the institution meets following criteria:
    • Loan amount is up to 1/3 of the institution’s total loan outstanding or 5 times of its share capital, whichever is higher
    • The entity that falls under Grade B as per MFI Risk Category Assessment conducted by the Bank
    • The entities with at least 5 consecutive years net profit
    • The entities with Non-performing loan less than 3%
  • In case of FINGOs & Micro Finance Development Bank:
    • Minimum loan size - above NPR 10,000,000/-
    • Maximum loan size - NPR 300,000,000/-
    • Loan amount should be up to 25% of the institution’s total loan portfolio or 5 times of its share capital, whichever is higher.
    • The entity that falls under Grade B as per MFI Risk Category Assessment conducted by the Bank.
    • The entities with Non-performing loan less than 3%.
       

  • Overdraft –Maximum period of 1 year from the date of limit implementation or next review date of credit facility whichever is earlier.
  • Term Loan - Maximum up to 5 years.

  • Revolving, subject to annual review. Interest repayment on the each quarter end as per the Nepali calendar – Ashwin, Poush, Chaitra and Ashad
  • Term Loan - Terminating lines on Equated Monthly Installment (EMI) /Equated Quarterly Installment (EQI).

  • Loan Application.
  • Certificate of Incorporation/Registration (renewed) and PAN.
  • Memorandum of Association and Articles of Association, Charter of the Institution, as applicable.
  • Tax payment receipt.
  • Audited Financial Statement.
  • Board minute.
  • Latest list of the board of directors certified by the company secretary / management.
  • Photograph and citizenship of directors / Members of Committee, key person, as applicable.
  • Business plan of the institutions (where applicable)

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