National Microfinance extents Branch in Sindhupalchowk

Kathmandu, Feb 26: National Micro-finance has extended reach by opening up its new branch in Khadichaur of Sindhupalchowk district on Thursday.

Ram Bahadur Yadav, chief executive officer of the NM inaugurated the branch, that will provide micro loans without collateral to those women who don’t have financial access yet.

This ‘D’ class institution has been into operation since 2071 BS and has been providing service in 11 districts across the nation.

In these districts, it has made a loan investment 33.6 billion rupees to over eight thousands households.

It has a member deposit of 93 lakh 15 thousands rupees.

NP is planning to extend four more branches during this fiscal year and has plans to extend its service all over the country within the next five years.