Sadhana Laghubitta to acquire Arthik Sambridhi Laghubitta; two 10 district microfinance institutions join hands to become the strong national institution

Sadhana Microfinance has moved forward with a process to acquire Dumre based Arthik Sambridhi Microfinance. Both the institutions are 10 district microfinances.

The agreement regarding the same was signed between chairman of Sadhana Microfinance Mr. Krishna Bahadur Thapa and Dr. Ek Narayan Chapagain from Arthik Sambridhi Microfinance.

The joint entity will be called Sadhana Laghubitta and will have its head office in Gorkha, as per the agreement.

Sadhana Laghubitta has a paid up value of Rs Rs 4.90 crore with 26 branches while Arthik Sambridhi Laghubitta has paid up value of Rs 3.06 crore with 14 branches.

After the Nepal Rastra Bank’s policy even to regulate the microfinance sector, the merger between these two institutions is the first one among the microfinances in Nepal, as mentioned in the media statement.