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NB Bank to provide Microfinance Loan

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NB Bank to provide Microfinance Loan
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January 13: Nepal Bangladesh (NB) Bank in co-ordination with Ministry of Women, Children and Social Welfare is providing microfinance loan facility. The bank will be providing microfinance loan to women groups, women co-operatives and deprived and local income earning individuals or community of the groups promoted by the Ministry. The bank will be extending the microfinance loan to the groups existed in the working area of its various branches. The bank has recently signed a memorandum of understanding (MoU) with the ministry on the matter.

According to the bank, it will start the services from Ghorahi of Dang, Bhairahawa of Rupandehi, Narayangadh of Chitwan, Galchi of Dhading, Sankrantibazaar of Tehrathum and Phidim of Panchthar initially. The bank aims to extend nearly Rs 500 million microfinance loan in the current FY. 

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