NMB Microfinance SGM approved 1:1.2 right shares; paid up capital to reach Rs 10.12 crore

NMB Microfinance Biitiya Sanstha Limited has successfully conducted its Special General Meeting (SGM) on Baisakh 25, 2073. The SGM approved 1:1.2 ratio right shares. The main agendas of the meeting were as follows:

1. To endorse 1:1.2 ratio right share to its shareholders.
2. After issuance of right share to maintain its paid up capital and issued capital up to Rs. 10.12 crore.

Mr. Uttam Vlon, Chairman of the microfinance inaugurated SMS Notification on the same occasion. The microfinance has disbursed loan of Rs 83 crore to 32 thousand households without collateral and collected deposits of Rs 16 crore. At present, the microfinance company has 28 branch offices scattered in remote areas of the country. The finance company is expanding its working area in 10 more districts. Clean Village Microfinance had changed its name into NMB Microfinance Bittiya Sanstha Limited. It is a subsidiary company of NMB Bank Limited.