Muktinath Capital appointed as FPO sales manager of Kisan Laghubitta

Kathmandu, March 31

Kisan Laghubitta Bittiya Sanstha Ltd. has appointed Muktinath Capital Limited as the sale manager of the company. The company appoints Muktinath captial to issue 12 lakh 98 thousand ordinary shares to the public through further public issue.

The agreement has been signed by Chief Executive Officer, Indra Kumar Shah on behalf of Kisan Laghubitta Bittiya Sanstha and Chief Executive Officer, Kabindra Dhwaj Joshi on behalf of Muktinath Capital. The authorized capital of Kisan Laghubitta is Rs. 1 arba, the issued capital is Rs. 52 crore 26 lakh and the paid-up capital is Rs. 39 crore 28 lakh.

Under the Kisan Laghubitta Companies Act, 2063 BS, the company has been registered as a public limited company in the Office of the Registrar of Companies. This financial institution, which has obtained the class D license from Nepal Rastra Bank on Falgun 2, 2075, had started its financial transactions on Falgun 16, 2075 BS.

The financial institution, which has its central office at Dhangadhi-2 Baihabehadi in Kailali and corporate office at Budhanilkantha-8 Mandikhatar in Kathmandu, has expanded its jurisdiction to 46 districts by merging Kisan Microfinance, Ramaroshan, Creative and Divya Microfinance in a short period of its establishment. At present, it is serving 1 lakh 10 thousand 578 customer members from 136 branches and has so far saved Rs 1 arba 7 crore 25 lakh and invested Rs 5 arba 37 crore in loans.