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Background

Mero Microfinance Bittiya Sanstha Ltd. (MERO MICROFINANCE) is joint initiative of 10 institutions (8 commercial banks and 2 development banks). MERO MICROFINANCE has been incorporated under Company Act, 2063 and registered as a 'D' class national level financial institution with the Nepal Rastra Bank under BAFI Act, 2063 (2006) on 30 Asadh, 2070 (14 July, 2013).

MERO MICROFINANCE received operating license from Nepal Rastra Bank on 14th July 2013 and started formal microfinance operation from June 18 July, 2013 from its first branch office Battar located in Nuwakot district. The authorized capital of MERO MICROFINANCE is NRs. 400 million, issued capital is NRs. 220 million and paid up capital is 220 million. The initial share distribution is paid-up Capital 220 million (Promoters 69.4 % , General Public 30.6 %)