Womi and Nagarik Laghubitta to begin joint transaction from Mangsir 30, 2076; Entity to be called Womi Laghubitta

Womi Laghubitta Bittiya Sanstha Limited (WOMI) and Nagarik Laghubitta Bittiya Sanstha Limited have received final approval from NRB to commence their joint transaction.

After the acquisition the joint entity will operating under the name of Womi Laghubitta Bittiya Sanstha Limited from 30th Mangsir, 2076.

The two microfinance companies agreed to merge in the final week of Falgun, 2075. Womi Microfinance is a national level microfinance company operating since 2068. Recently the head office of the company was shifted from Naubise to Bharatpur. The company is currently operating in 32 districts around the country.

On the other hand, Nagarik Laghubitta is a relatively young company. It hasn’t issued IPO to the general public. The head office of the company is situated in Banepa.

After completion of merger, the head office will be shifted to Banepa. Mrs. Bindiya Pradhan will take up the post of Chairperson of the company while CEO of WOMI Mr. Pramesh Acharya will be retained as the CEO.

WOMI was recently honored by the Internal Revenue Department for being the highest tax payer in Dhading district in the eight national tax day. The company has been honored for the fourth time.

Announcement