MEGA News :
Tuesday May 21, 2013
 
 

Micro Lending

Micro Lending will cover following credit to micro entrepreneurs in groups or individual basis:

  • Loan up to Rs 60,000 per individual disbursed to run micro enterprise against individual collateral/security or group guarantee
  • Loan up to Rs 60,000 per household for renewable energy projects; comprising micro-hydro, Solar home System, Solar cooker, Solar Dryer, Solar pump, Bio-gas, Improved water mill, Improved cook stove and wind energy
  • Loan up to Rs 150,000 to run small industry to the group members against individual collateral or group guarantee
  • Loan up to Rs 150,000 per individual for foreign employment against the an Assurance Letter from respective foreign manpower company (of the respective country), on the basis of their 3-party agreement
  • Loan up to Rs 150,000 directly provided to the individual for foreign employment against collateral or without collateral
  • Loan to YUBA SWAROJGAR PROGRAM  working together with the bank fixed by the government of Nepal
  • The wholesale credit to Class D  banks working as MFI against their corporate guarantee if they have fully utilized the credit taken from other banks to the groups/members
  • Promoters share investment of Class D banks
  • Loan for community hospital under following conditions:
    • The hospital must be registered as a non-profit earning institution
    • The financial institution should not increase the loan more than 5% of its core capital
    • The hospital should fulfill the terms and conditions fixed during its approval
    • The hospital should allocate at least 10% of its seats for free of cost for the deprived sectors
  • Low cost Housing loan to deprived individual/groups under following conditions
  • Loan up to Rs 400,000 per individual against individual or group security/collateral
  • The bank must have included this provision in its credit policy
  • Should be under the current acts and NRB guidelines
  • Loan up to Rs 200,000 per individual project loan under Yuba Swarojgar Bylaw - 2065

For further information, please contact:

MICRO BANKING
Mega Bank Nepal Limited
Mega Mahal, Kantipath, Kathmandu
Ph.: 977-1-4257711, Fax: 977-1-4266599
email: microbanking@megabank.com.np

 
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