October 11, 2020 | Investopaper
Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) has successfully acquired Janakpur Laghubitta Bittiya Sanstha Limited. Both the microfinance will start the joint transaction from Ashwin 25, 2077. The joint transaction will be in the name of ‘Swarojgar Laghubitta Bittiya Sanstha Limited’.
Previously, Swarojgar Laghubitta had signed a Memorandum of Understanding (MOU) for merger/acquisition with Janakpur Laghubitta on Magh 28, 2076. The respective SGM of both microfinance held on Shrawan 10, 2077 had approved the acquisition. Similarly, Nepal Rastra Bank provided the final approval on Ashwin 2, 2077.
About Swarojgar Laghubitta Bittiya Sanstha Limited
Swarojgar Laghubitta established in 2009 A.D. ( 2066 B.S.) as a ‘D’ class microfinance licensed by Nepal Rastra Bank. It started its microfinance operation from December 16, 2009. It has its registered office in Banepa-5, Kavre. As of Ashad end 2077, Swarojgar Laghubitta has a paid-up capital of Rs 34.16 crores and provided loans and advances of Rs 3.29 Arba.
About Janakpur Laghubitta Bittiya Sanstha Limited
Janakpur Laghubitta is a ‘D’ class microfinance that started its operation from March 15, 2019. The registered office is located at Janakpur-4, Dhanusha and is providing microfinance services in Province 2. As of Ashad end 2077, Janakpur Laghubitta had a paid-up capital of Rs 3.48 crores.
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