Civil Laghubitta opened 7 new branches in the country
Kathmandu, April 18
Civil Laghubitta Bittiya Sanstha Limited has expanded 7 more branch offices in the country.
The company’s new branch offices have been set up at Dhaijan in Jhapa, Bhathigacha in Morang, Bhimpur in Sunsari, Baluwa in Saptari, Ratnanagar in Chitwan, Patibhanjyang in Sindhupalchowk and Bahadurganj in Kapilvastu. The microfinance company’s headquater is in Kathmandu, and has been providing services from 55 branches in 29 districts and will now provide microfinance services through 62 branch offices.
In order to run a small enterprise business, the organization has been providing membership to low income and poor people on unauthorized collective guarantee or acceptable collateral as well as easy access to acceptable financial collateral to those who could not join the group. In addition, the organization has been providing microfinance saving, remittance services and non-financial services such as health, education and financial literacy. The organization currently has about 47,000 members and had an investment loan amount of Rs. 2 arba 21 crore.