Swabhimaan Laghubitta Bittiya Sanstha (SMFBS) has concluded its third AGM on Magh 10, 2076 under the chairmanship of Santosh Narayan Shrestha. The meeting passed the annual report for FY 2075/76 presented by the Chairman and the CEO, Krishna Raj Chaudhari, presented future plans of the microfinance.
The meeting has approved 25.27% dividend for its shareholders. The company will issue right shares of 33.33% (3:1) after the adjustment of bonus shares.
The meeting has also elected one Director, Kabiraj Timilsina, from ordinary shareholders' group.
The microfinance currently has a network of 22 branches in 6 districts. As of Poush end 2076, it had 17,530 members and 10,285 borrowers. It has collected deposits of Rs 34 crore and disbursed loans of Rs 90.80 crore.