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Curb on the interest rate of the micro-finance companies!

Moderators: बिमलमान, Dilbert.

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Member
Registered: Oct 2013
Posts: 108
ShootingStar Jee,

There is said to have 25 Crore of net profit of NGBBL; They haven't prioritized for this Chaitra Quarter Ending 2072, have planned to surged around 40 Crore in End of Ashad 2073, as per information.
Member
Registered: Oct 2013
Posts: 7912
ke ho ke ho

18% cap news few days ago, what was that? guessing by low life media? I thought it was NRB's decision.

Now in other news, No cap for micro in other news.

http://www.aarthiknews.com/%E0%A4%AC%E0%A5%88%E0%A4%82%E0%A4%95%20-%20%E0%A4%B5%E0%A4%BF%E0%A4%A4%E0%A5%8D%E0%A4%A4/%E2%80%98%E0%A4%B2%E0%A4%98%E0%A5%81%E0%A4%B5%E0%A4%BF%E0%A4%A4%E0%A5%8D%E0%A4%A4%E0%A4%95%E0%A5%8B-%E0%A4%AC%E0%A5%8D%E0%A4%AF%E0%A4%BE%E0%A4%9C%E0%A4%A6%E0%A4%B0%E0%A4%AE%E0%A4%BE-%E0%A4%B8%E0%A5%80%E0%A4%AE%E0%A4%BE-%E0%A4%A4%E0%A5%8B%E0%A4%95%E0%A5%8D%E0%A4%A8-%E0%A4%B8%E0%A4%95%E0%A4%BF%E0%A4%81%E0%A4%A6%E0%A5%88%E0%A4%A8%E2%80%99/16762
Member
Registered: Apr 2015
Posts: 276
good ,no problem for good micro-finances. And their growth is outstanding.
Any news of NGBBL 3rd quarter,??
Member
Registered: Oct 2013
Posts: 7912
Thanks Dilbert Ji.

Kalika has 19% on the max. So no problem.

Swbbl's cost of fund is 6.5 so no problem.

Nagbeli's cost of fund is also low so no problem.

Skbbl's cost fund is too low so no way there is problem.

RMDC's cost of fund must be low so no problem there.

On of the reason investors were worry about micro is the ceiling. now it's open so from sunday there could be confidence in micro. Some micro were taking 24% according to himal khabar, so business from those micro could come to better micro.

Micro's 70% loan is insured so makes it safe. Micro has bigger market to tap on to than for life insurance, so growth will be there.

Good report from swbbl- 5RS more than second quarter. SKbbl's growth is good too, so is Nagbeli's. now rmdc and kalika. most of Other micros doing great too.

Micros great for long term. 5-10% investment for long term would be far better return from than other retirement investment.

Thanks to Nepal grameen's increment, now my investment in micro reached close to 20%.
Moderator
Registered: Jun 2013
Posts: 574
Location: Kathmandu, Nepal
SKBBL and RMDC are wholesale lenders. They have a very strict lending criteria that have fixed ceiling.
Member
Registered: Oct 2013
Posts: 7912
that is good decision.

Does any body know if following company was charging more than 18%:
-SWBBL?
-Sana Kisan- i its its abound 18 or below 18
-Kalika?
-Nagbeli?
-RMDC- Below 18.
Member
Registered: Dec 2013
Posts: 132
Please refer to the site below where the government has taken steps to curb the high interest rate of the micro-finance companies. Hope this will mitigate the problems of the poor people that were taking loans at a very high interest from these companies. Please refer to the site below.

http://www.merolagani.com/NewsDetail.aspx?newsID=27270

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