Challenges of microfinance in Nepal: Rebalancing social purpose and financial stability During the 1990s, Nepal introduced microfinance institutions (MFIs) such as savings and credit cooperatives as a means to provide credit access to those who were financially excluded. Opinion 08 Sep, 2023
Microfinance and ongoing movement in Nepal Looking for the right direction As an economist, Professor Muhammad Yunus recognised that traditional banking systems in Bangladesh were not providing credit access to the poor. Opinion 27 Mar, 2023
MFIs to refund additional service fees totalling Rs 1.60 billion In a meeting held between Deputy Prime Minister and Minister for Finance Bishnu Paudel, deputy governor of Nepal Rastra Bank (NRB), Nepal Microfinance Bankers’ Association and Microfinance Association of Nepal, among others, an agreement has been reached to refund the extra service fees totalling Rs 1.60 billion charged bymicrofinance institutions (MFIs) to the respective customers within a week. Business 16 Feb, 2023
Improving agriculture extension service Nepal’s vegetable sector holds great promise for generating employment and increasing the incomes of rural households. Vegetables are a major high-value crop in Nepal, contributing 9.7 per cent to the country’s GDP and providing subsistence to more... 10 Aug, 2020
NRB allows MFIs to obtain licence of digital payment service provider Kathmandu, October 2 Nepal Rastra Bank — the central regulatory and monetary authority — has allowed microfinance institutions (MFIs) to obtain the licence of digital payment service provider. However, the central bank has put forth some... 03 Oct, 2018
MFI presence in poor, remote areas low Kathmandu, September 25 A study report unveiled by Nepal Rastra Bank (NRB) — the central regulatory and monetary authority — has revealed that the presence of microfinance institutions (MFIs) in highly poor and remote areas is low. The... 26 Sep, 2018
MFIs allowed to borrow from foreign financial institutions MFIs can take loans to lend in sectors that contribute in foreign exchange earnings Kathmandu, September 16 Nepal Rastra Bank (NRB) — the central regulatory and monetary authority — has allowed microfinance institutions (MFIs) to borrow in... 17 Sep, 2018
BFIs can bring down lending rate any time Kathmandu, September 10 Borrowers can now negotiate with banks and financial institutions (BFIs) to bring down the lending rates. Amending the earlier provision which instructed banks to keep the lending rates unchanged for at least a quarter,... 11 Sep, 2018
NRB to encourage merger of microfinance institutions Kathmandu, September 6 Nepal Rastra Bank has urged microfinance institutions (MFIs) to opt for merger citing the exponential growth of MFIs in the country. There are 67 MFIs in operation in the country and additional 24 financial... 07 Sep, 2018
Highlights of Monetary Policy for 2018/19 KATHMANDU: Nepal Rastra Bank has unveiled the monetary policy for fiscal year 2018-19 earlier today. The major highlights of the policy are presented below: Highlights of monetary policy 2018-19 - Weighted interest rate spread- 4.5 per cent -... 11 Jul, 2018
EDITORIAL: Powering SMEs Instead of increasing the number of lending institutions, the government will do good if it creates more favourable climate for SMEs to flourish When we talk of economy, big businesses and industries usually steal the limelight. But for a country like... 17 May, 2018
Lending institutions for SMEs on cards Kathmandu, May 15 To cater to the credit demand of small and medium enterprises (SMEs), the government is preparing to announce separate lending institutions through the next fiscal budget. Even as Nepal Rastra Bank (NRB) has barred licensing new... 16 May, 2018
