Promoting Inclusive Markets and Financial Systems
Report of the Impact Assessment of the Microfinance Program of Nirdhan Utthan Bank Limited
Nirdhan Utthan Bank Limited (NUBL) is the largest Microfinance Institution (MFI) in Nepal. It was established on 29th October 1998 under company act of Nepal. It started its formal operation from July 1999. NUBL provides microfinance services such as Loans, Deposits, Microinsurance and Remittance services to rural poor of Nepal. NUBL provides both group and individual loans. Its individual loans were less than five percent of its total loan portfolio as of February 2006. By February 2006, NUBL was providing microfinance services to more than 71,000 clients in 10 districts of Nepal through its 43 branches, 4 regional networks, and headquarter. NUBL has recorded impressive growth during last few years and has been able to cover its costs. However, the impact of its services on the clients has not been studied. In this context Centre for Microfinance (CMF) conducted this study. For further detail see chapter 1, Introduction.