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Microfinance’s profit increased by about one and a half billion, how much? 

nabil bank

. In the first quarter of the current fiscal year, there has been a significant improvement in the profit of microfinance. Most of the microfinance companies that were incurring losses in the first quarter of the last fiscal year have turned into profits till the first quarter of the current fiscal year.

According to the first quarter financial details of the current fiscal year, 50 microfinance companies have earned a profit of Rs 2.TAG_OPEN_div_35 06 billion. The profit of microfinance companies has improved significantly compared to the last fiscal year.

In the last fiscal year, 50 companies had made a profit of Rs 58.41 crore.TAG_OPEN_div_33  Out of 50 microfinance companies, the profit of 22 microfinance companies increased compared to the previous year. Similarly, 17 microfinance institutions that were making losses in the last fiscal year have made a profit.

The most profitable microfinance institution during TAG_OPEN_div_31 this period is the neighboring microfinance financial institution. The company has made a profit of Rs 26.90 crore in the first three months of the current FY. Similarly, the second most profitable microfinance company is the Small Farmers Microfinance Institution. The company’s net profit stood at Rs 22.84 crore in the first quarter.

} The profit of Depros Laghubitta Bittiya Sanstha stood at Rs 20.22 crore in the first quarter of the current FY. During this period, the profit of Jeevan Bikas Laghubitta Bittiya Sanstha and National Laghubitta Bittiya Sanstha stood at Rs 14 crore.

The net profit of the Poor Upliftment and Rural Development Laghubitta Bittiya Sanstha stood at over Rs 12 crore during the period.TAG_OPEN_div_27

Suryodaya Bomi and Global IME Laghubitta Bittiya Sanstha have a net profit of over Rs 6 crore.TAG_OPEN_div_26 Similarly, the net profit of Swabalamban, Forward, Nerude, Sampada and Swarozgar Laghubitta Bittiya Sanstha has increased from Rs 60 million to Rs 50 million.

During this period, six microfinance institutions made a profit of more than Rs 30 million, while five microfinance institutions made a profit of more than Rs 20 million.TAG_OPEN_div_24 During this period, 8 microfinance companies have made a profit of more than Rs 1 crore.

As of the first quarter of the current fiscal year, the profit of 13 microfinance companies has been below Rs 1 crore.TAG_OPEN_div_22 In the first quarter of the current fiscal year, Mero Microfinance Laghubitta, CYC Nepal, Srijansheel and Mathrubhumi Laghubitta Bittiya Sanstha have incurred losses.

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