Micro Banking
- All products/services offered equally to smallholder customers;
- Targeted to the deprived sector and people with lower income group.
- Inclusive programs – without considering the economic status, caste, culture, race, ethnic group, political reference, religion etc.;
- Value chain financing model - financial services are provided to all value chain actors.
- Less paper work though easy managerial process through the use of state of art technology;
- Credit plus programs to target customers in alliance with development organizations, particularly on entrepreneurship development and market linkage.
- Social development trainings on the basis of groups’ demand/ necessity.
Micro Banking Products:
1.Mega Priority Sector and Interest Subsidized Loan:
- Priority Sector and Interest Subsidized Loan focuses on below listed categories:
- Youngster aged of 18 years or above and willing to do business on their own,
- Youth wanting to pursue higher studies,
- Unemployed educated person willing to do business,
- Foreign returned youth who wants to start up their business on their own,
- Women who want to do business solely or in a group,
- Suppressed Community people who want to continue their ancestral business in a modernized manner through use of modern equipment etc.,
- Earthquake victims, who are not able to build/rebuild their homes despite having agreement signed with the National Reconstruction Authority.
2.Mega Saral Laghu Karja:
S.N. |
Loan Type |
Targeted to |
Purpose |
Loan Limits |
1. |
Low Cost Housing Loan |
Needy people |
To build low cost house |
Rs. 4 Lakh |
2. |
Tractors and other agricultural equipment’s Loan |
Farmers |
To buy agricultural equipment |
Up to actual price |
3. |
Agricultural Loan |
Farmers |
To run agricultural projects |
Up to Rs. 10 lakh |
4. |
Foreign Employment Loan |
Person who wants to go to foreign country |
To meet expense incurred for foreign employment |
Up to Rs. 1.5 lakh |
5. |
Renewable Energy Loan |
All people |
To buy or build renewable energy equipment |
Up to Rs. 1.5 lakh |
6. |
Rickshaw Loan |
Rickshaw Pullers |
To buy and own Rickshaw |
Up to actual price |
3. Mega Indirect Loan:
Minimum criteria to be partner organization (POs)
- Minimum 3 years of operations in Microfinance activities as a Microfinance Development Bank, FlNGOs, Small Farmers Co-operatives or Rural Co-operatives (Any co-operatives which are not situated in metropolitan & sub metropolitan city),
- For New Microfinance Institution, i.e. 'D' Class Financial Institution shall be considered for lending if Directors/Promoters/Management team has more than 3 years of experience in Microfinance/Banking sector,
- Minimum Core capital of Rs.1 million,
- Minimum required capital adequacy ratio for microfinance institutions,
- Registered under an appropriate act and received a license for Microfinance operation,
- At least 250 active borrowers,
- Committed Executive Committee and active & professional management,
- Adopted generally accepted accounting system and appropriate policies and procedures for implementing and monitoring its credit program,
- Execution of Audit in time and financial plan up to loan tenure.
For further information, please contact:
MICRO BANKING UNIT
Mega Bank Nepal Limited
Gyaneshwor, Kathmandu.
Ph: 01-4445153/54/55,
Fax: 01-4169260
E-mail: micro@megabank.com.np
- Account and Deposit
- Micro Lending
- Mega Branchless Banking