Inauguration of Sparsh Laghubitta after approval from NRB; paid up capital of the company stand at Rs 5.60 crore

Sun, Aug 13, 2017 11:00 AM on Exclusive, Featured, Corporate,
Pokhara based Sparsha Laghubitta Bittiya Sanstha Limited is among 52nd institution that was given approval as microfinance by Nepal Rastra Bank. webpage The microfinance company was officially inaugurated by the chief guest, Mr. Chiranjibi Nepal, the Governor of Nepal Rastra Bank. On the inauguration event, Mr. Nepal has pointed out that with the increase in numbers of microfinance, the standard and development of the service also needs to be uplifted. Likewise, he also stated that the microfinance is established to provide service to society and work toward it rather than earning profits. According to Mr. Sajal Kadhka, Chief Executive Officer (C.E.O) of Sparsh Laghubitta, the microfinance company currently has a total paid up capital of Rs 5.60 crore and having its operation in rural areas of 10 districts Kaski, Baglung, Myagdi,Lamjung, Tanahu, Nawlaparashi, Parwat, Gulmi, Ardhakachi, and Gorkha where banking services are yet to reach. The microfinance has the aim to reach 12,000 clients through its 15 branches in the current fiscal year. The Microfinance has stated that they will provide effacement microfinance service as well as remittance and insurance agent for the local community. On the other hand, the microfinance company will provide vocational training to the local community to increase their skills, especially to the women and energetic youth with an aim to give them employment as well. In 5 years’ time, the microfinance aims to open 70 branches and employ at least 140 women and youth