Microcredit worth Rs 5.05 billion from first micro-finance

Kathmandu, Sept 5 . The First Micro-finance Micro-credit financial institution has made a net profit of Rs. 139.7 million in the fiscal year 2019/20. During the period, it had disbursed micro-credits to the poor community worth Rs. 5.059 billion.

During the year, more than 100,000 members of the poor families in 46 districts were provided loan for various activities through 119 partner organizations, said acting Chief Executive Officer Dan Raj Pant.