Asha Laghubitta in operation; to issue IPO worth Rs 3 crore

Asha Laghubitta Bittiya Sanstha Limited, a new microfinance company has been established at Jurethum of Nuwakot district. Dr. Chiranjibi Nepal, Governer of Nepal Rastra Bank inaugurated the newly established microfinance company. Speaking on the program, Governor Nepal suggested local people to start business and employment oriented activities. Ram Bahadur Pandey, Chairman of the microfinance company said, ‘The microfinance company will contribute in the economic development of the country.’ The national level microfinance company has paid up capital of Rs 10 crore with investment of Rs 7 crore from promoters group. It will issue Initial Public Offering (IPO) worth Rs 3 crore to general public. The newly established microfinance aims to establish branches in the remote areas of the country where financial services are lacking.