Unnati Sahakari Laghubitta reports huge decline in net profit; earns Rs 40.08 crore as net interest income where net profit stands at paltry Rs 3.24 crore

Unnati Sahakari Laghubitta has earned a net profit of Rs 3.24 crore by the end of the fiscal year 2077. As per the unaudited financial report, the company has reported decline in its net profit which was Rs 4.18 crore last year.

Unnati Cooperative Laghubitta, formed after the merger between then Unnati Laghubitta and Sahakari Laghubitta currently has a paid up capital of Rs 14.95 crore, so far collected deposits of Rs 77.30 crore (an increment by 39%) and disbursed a credit of Rs 2.28 arba as credit.

The microfinance has earned Rs 40.08 crore as net interest income which is an increment by 73.61% than previous year. The NPL stands at 1.81% as reported during the review period.

The microfinance post-merger currently has presence in 25 districts and is in a process of upgrading to a national level institution, as per the media statement.