Three Microfinance Institutions Sign Merger Agreement to Strengthen Capital Base
Summary
Three microfinance institutions in Nepal — Jeevan Bikas, Unique Nepal, and Manushi Laghubitta — have signed a merger agreement to strengthen their capital base and enhance financial services.
Key Points
- Jeevan Bikas, Unique Nepal, and Manushi Laghubitta microfinance institutions signed a merger agreement to strengthen their capital base.
- The merged institution will be named Jeevan Bikas Laghubitta Bittiya Sanstha Limited with its central office in Katahari, Morang.
- The merger aims to provide technology-friendly financial services and increase public trust in the sector.
- A joint six-member committee has been formed to complete the merger by the end of Ashar, 2083.
