General Micro Finance

For financing general micro finance loans to marginalized and low income groups of society as per Nepal Rastra Bank’s Directive under deprived sector lending.

Term Loan
- Wholesale loans to registered institution
- Loans to members of partner institutions

Loan Application.
Photograph and citizenship of the applicant, in case of individual applicant.
Proof of membership of partner institution, in case of individual applicant.
Formal agreement between the Bank and partner institution, in case of member of partner institution.
Recommendation letter from partner organization, in case of member of partner institution.
Location map of the applicant’s residence.
Photograph and citizenship of proprietor/ partners/ members of Board of Directors/ Committee members in case of institution as applicable.
Certificate of registration (renewed) and PAN in case of institution.
Memorandum of Association, Articles of Association, Charter of the institutions, as applicable.
Proof of Board of Director’s decision to avail credit line and formal authorization to a maximum of two employees to work with the bank regarding the pursuit.
Latest list of the board of directors certified by the company secretary / management.
Audited/provisional financial report of last two years in case of institution. Self-declared financial statement in case of individual.
Details should be provided of income earned from other sources than the proposed project (where applicable).
Business Plan of the institution (where applicable).

Registered institution involved in providing Micro Finance services
Individuals – members of partner institutions

Should be registered with concerned authority of Government of Nepal.
Cooperatives, Financial intermediary Non-Profit Organizations (FINGOs) involved in providing Micro Finance services with at least 2 consecutive years of net profit.
The entities should have a provision of collecting savings, mobilizing credit and borrowing loans from other institutions in its charter/Memorandum of Article/Articles of Association.

Member of partner institution
Such individuals should be screened and recommended by the partner institution
Agreement between the Bank and partner institution is required for financing through joint collaboration