Make Microfinances More Effective

The last three-decade has witnessed a tremendous expansion of microfinance institutions (MFIs) in Nepal. In the beginning, in 1993, there were only two government established microfinance institutions in the name of rural development bank in a regional level. Later on, the private sector also showed their interest in opening microfinance institutions. Since 1997, the private sector started taking license from the Nepal Rastra Bank (NRB) to establish microfinance institutions.