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Background

Meromicrofinance Laghubitta Bittiya Sanstha Ltd. (MEROMICROFINANCE) is joint initiative of 9 institutions (8 commercial banks and 1 development banks). MEROMICROFINANCE 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, 2073 (2016) on 30 Asadh, 2070 (14 July, 2013).

MEROMICROFINANCE 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 MEROMICROFINANCE is NRs. 1750 million, issued capital is NRs. 1320 million and paid up capital is 1320 million. The initial share distribution is paid-up Capital 855.14 million (Promoters 69.4 %, General Public 30.6 %)