Micro Lending

Micro Lending will cover following credit to micro entrepreneurs in groups or individual basis:

1.    Loan up to Rs 60,000 per individual disbursed to run micro enterprise against individual collateral/security or group guarantee
2.    Loan up to Rs 10,00,000 per household for renewable energy projects; comprising micro-hydro, Solar home System, Solar cooker, Solar Dryer, Solar pump, Bio-gas, Improved water mill, Improved cook stove and wind energy
3.    Loan up to Rs 10,00,000 to run small industry to the group members against individual collateral or group guarantee
4.    The wholesale credit to Class D  banks working as MFI against their corporate guarantee if they have fully utilized the credit taken from other banks to the groups/members
5.    Promoters share investment of Class D banks
6.    Loan for community hospital under following conditions:

  •     The hospital must be registered as a non-profit earning institution
  •     The financial institution should not increase the loan more than 5% of its core capital
  •     The hospital should fulfill the terms and conditions fixed during its approval
  •     The hospital should allocate at least 10% of its seats for free of cost for the deprived sectors

7.    Low cost Housing loan to deprived individual/groups under following conditions

  •     Loan up to Rs 400,000 per individual against individual or group security/collateral
  •     The bank must have included this provision in its credit policy
  •     Should be under the current acts and NRB guidelines

For further information, please contact:

Mega Bank Nepal Limited
Rising Mall, Kamaladi, Kathmandu
Ph: 01-4169216/7, 4169204/5
Fax: 01-4169214/5
E-mail: prakash.pokharel@megabank.com.np


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