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15 Nov, 2026
निर्धन उत्थान लघुवित्त वित्तीय संस्थाको प्रथम त्रैमासिक वित्तीय विवरण

निर्धन उत्थान लघुवित्त वित्तीय संस्थाको प्रथम त्रैमासिक वित्तीय विवरणNirdhan Utthan Laghubitta Financial Statement Q1 2083

वर्ग:Category:
Financial Analysis
प्रकाशित मिति:Published:
Published on November 16, 2026

निर्धन उत्थान लघुवित्त वित्तीय संस्था लिमिटेड

(नेपाल राष्ट्र बैंकबाट "घ" वर्गको इजाजतपत्रप्राप्त लघुवित्त वित्तीय संस्था)

केन्द्रीय कार्यालय

भगवतीबहाल, नक्साल, काठमाडौँ

फोन नं. ०१-४५१३७९१, ४५१३८४०

INTERIM FINANCIAL STATEMENTS

Condensed Statement of Financial Position

As on Quarter Ended 31th Ashoj 2083

AssetsThis Quarter EndingImmediate Previous Year Ending
Cash and Cash equivalent1,497,110,4871,586,305,889
Statutory Balances and Due from Nepal Rastra Bank565,219,441529,709,745
Placement with Bank & Financial Institutions--
Derivative Financial Instruments--
Other Trading Assets--
Loans and Advances to MFIs & Cooperatives--
Loans and Advances to Customers26,729,234,13626,758,824,856
Investment Securities317,186,732348,805,086
Current Tax Assets41,905,71892,635,952
Investment Property--
Property and Equipment209,168,483210,523,349
Goodwill and Intangible assets1,784,3242,425,103
Deferred Tax Assets758,470,454758,470,454
Other Assets280,339,262263,728,350
Total Assets30,400,419,03730,551,428,784
Liabilities
Due to Bank and Financial Institutions--
Due to Nepal Rastra Bank--
Derivative Financial Instrument--
Deposits from Customers22,994,234,08122,644,075,168
Borrowing997,362,6461,583,694,773
Current Tax Liabilities--
Provisions17,792,74517,792,745
Deferred Tax Liabilities--
Other Liabilities191,607,624239,622,408
Debt Securities Issued--
Subordinated Liabilities--
Total Liabilities24,200,997,09624,485,185,094
Equity
Share Capital2,742,683,7382,742,683,738
Share Premium510,111510,111
Retained Earnings421,423,013309,089,063
Reserves3,034,805,0793,013,960,778
Total Equity6,199,421,9416,066,243,690
Total Liabilities and Equity30,400,419,03730,551,428,784

Condensed Statement of Profit or Loss

For the Quarter ended 31th Ashoj 2083

Particulars Current Year This Quarter Current Year UptoParticulars Current Year This Quarter Current Year This QuarterPrevious Year Corresponding This Quarter Previous Year Corresponding UptoPrevious Year Corresponding This Quarter Previous Year Corresponding This Quarter
Interest Income951,101,354951,101,354877,500,644877,500,644
Interest Expense483,012,955483,012,955443,544,077443,544,077
Net Interest Income468,088,399468,088,399433,956,567433,956,567
Fee and Commission Income81,011,58781,011,58781,960,68981,960,689
Fee and Commission Expense15,91915,91922,26722,267
Net Fee and Commission Income80,995,66880,995,66881,938,42281,938,422
Net Interest, Fee and Commission Income549,084,067549,084,067515,894,989515,894,989
Net Trading Income----
Other Operating Income----
Total Operating Income549,084,067549,084,067515,894,989515,894,989
Impairment charge/(reversal) for loans and other losses105,387,255105,387,25564,735,56764,735,567
Net Operating Income443,696,812443,696,812451,159,422451,159,422
Operating Expense
Personnel Expenses232,832,415232,832,415222,474,326222,474,326
Other Operating Expenses30,317,52930,317,52928,121,73328,121,733
Depreciation & Amortization3,521,6663,521,6663,748,5023,748,502
Operating Profit177,025,202177,025,202196,814,861196,814,861
Non Operating Income2,244,4542,244,4541,596,6991,596,699
Non Operating Expense--1,439,9461,439,946
Profit before Income Tax179,269,656179,269,656196,971,614196,971,614
Income Tax Expense63,808,74763,808,74770,795,26070,795,260
Current Tax63,808,74763,808,74770,795,26070,795,260
Deferred Tax----
Profit for the Period115,460,909115,460,909126,176,354126,176,354
Particulars Current Year This Quarter Current Year UptoParticulars Current Year This Quarter Current Year This QuarterPrevious Year Corresponding This Quarter Previous Year Corresponding UptoPrevious Year Corresponding This Quarter Previous Year Corresponding This Quarter
Statement of Comprehensive Income
Profit for the Period115,460,909115,460,909126,176,354126,176,354
Total115,460,909115,460,909126,176,354126,176,354
Earnings Per Share
Basic Earnings Per Share4.214.60
Annualized Basic Earnings Per Share16.8418.40
Diluted Earnings Per Share16.8418.40

Ratios as per NRB Directive

Particulars Current Year This Quarter Current Year Upto This Quarter Previous Year Corresponding This Quarter Previous Year Corresponding Upto This Quarter

Capital Fund to RWA 12.50% 16.35%

Non-performing loan (NPL) to total loan 13.16% 10.47%

Total loan loss provision to Total NPL 96.36% 106.84%

Cost of Funds 8.02% 8.07%

Credit to deposit and borrowing Ratio 127.55% 121.59%

Base Rate 12.69% 13.09%

Interest Rate Spread 6.44% 6.75%

Statement of Distributable Profit or Loss

For the Quarter ended 31th Ashoj 2083

(As per NRB Regulation)

Particulars Current Year Upto This Quarter Qtr YTD Previous Year Corresponding Qtr YTD
Net profit or (loss) as per statement of profit or loss115,460,909126,176,354
Appropriations:
a. General reserve23,092,18225,235,271
b. Foreign exchange fluctuation fund--
c. Capital redemption reserve--
d. Corporate social responsibility fund1,154,6091,261,764
e. Employees' training fund--
f. Client Protection Fund2,309,2182,523,527
g. Other--
-Transfer from Restructure and Reschedule Reserve--
-Transfer from Investment Adjustment Reserve--
Profit or (loss) before regulatory adjustment88,904,90097,155,793
Regulatory adjustment :
a. Interest receivable (-)/previous accrued interest received (+)--
b. Short loan loss provision in accounts (-)/reversal (+)--
c. Short provision for possible losses on investment (-)/reversal (+)--
d. Short loan loss provision on Non Banking Assets (-)/reversal (+)--
e. Deferred tax assets recognized (-)/ reversal (+)--
f. Goodwill recognized (-)/ impairment of Goodwill (+)--
g. Bargain purchase gain recognized (-)/reversal (+)--
h. Actuarial loss recognized (-)/reversall (+)--
i. Other (+/-)--
Total of Regulatory Reserve :
Net Profit for the period available for Distribution88,904,90097,155,793
Opening Retained Earning332,518,113791,583,278
Adjustment (+/-)-(119,070,703)
Distribution--
Bonus Shares issued--
Cash Dividend paid--
Total Distributable profit421,423,013769,668,367
Annualised Distributable Profit/Loss per share15.3729.47

Notes:

1. Above financial statements are prepared in accordance with Nepal Financial Reporting Standards(NFRS) and certain Care-outs issued by the Institute of Chartered Accountants ofNepal (ICAN).These figures may vary at the instances of statutory auditors and regulators.

2. The detailed interim financial report has been published in the website (https://www.nirdhan.com.np)

3. Loans and Advances are presented net of impairment charges and includes staff loans

4. Actuarial Valuation will be done for Employee Benefits

5. Personnel Expenses also include employee's bonus provision.

6. The above figures are subject to change upon otherwise as per the direction of the Regulators and/or Statutory Auditor

ब्याजदर

बचत तथा निक्षेपमाः वार्षिक ७.५०% देखि ९.००% सम्म

कर्जामाः वार्षिक १०% देखि १५% सम्म

धितोपत्र दर्ता तथा निष्काशन नियमावली, २०७३ को अनुसूची १४ (नियम २६ को उपनियम (१) संग सम्बन्धित)

आ.व. २०८३/०८४ को प्रथम त्रैमासिक अवधिको विवरण

१. वित्तीय विवरण :

क) यस त्रैमासिक अवधिको वित्तीय अवस्था, नाफा-नोक्सान विवरण, वितरण योग्य मुनाफा तथा प्रमुख वित्तीय अनुपात यसै साथ प्रकाशित गरिएको छ।

ख) प्रमुख वित्तीय अनुपातहरूः

प्रति शेयर आम्दानी १६.८४

मूल्य आम्दानी अनुपात ३६.१९

प्रति शेयर नेटवर्थ २२६.०३

प्रति शेयर कुल सम्पत्तिको मूल्य १,१०८.४२

तरलता अनुपात १२.०७%

२. व्यवस्थापकीय विश्लेषणः

क) त्रैमासिक अवधिमा संस्थाको मौज्दात,आम्दानी र तरलतामा कुनै परिवर्तन भएको भए सोको प्रमुख कारण सम्बन्धी विवरण : त्रैमासिक अवधिमा यस संस्थाको आम्दानी गत आ.व.को समीक्षा अवधिको तुलनामा सन्तोषप्रद रहेको छ। समीक्षा अवधिमा कर्जा लगानी, वचत परिचालनमा वृद्धि भएकोछ। आगामी दिनमा उपलव्ध श्रोत साधनको सहि तवरले प्रयोग गर्दै विपन्न वर्गका ऋणीहरुको आवश्यकता पूरा गर्ने तथा संस्थागत लक्ष्य हासिल गर्न संस्था कटिबद्ध रहेकोछ।

ख) आगामी अवधिको व्यवसायिक योजना सम्वन्धमा व्यवस्थापनको विश्लेषणात्मक विवरण : यस वित्तीय संस्थाले देशका ७७ वटै जिल्लामा ५५५ वटा स्थानिय निकायमा १८५ शाखा कार्यालयहरु मार्फत वित्तीय सेवा प्रदान गर्दै आईरहेको छ । संस्थाले कार्यक्रम विस्तार गर्दा सेवाको पहुँच नपुगेका विपन्न घर परिवारलाई प्राथमिकतामा राख्ने कार्यलाई प्राथमिकतामा राखी कार्यान्वयन गरेको छ । त्रैमासमसान्त सम्म यस संस्थाले कूल ४,०४,९८६ घरधुरीमा लघुवित्त सेवा प्रदान गरेको छ।

संस्थाले आफ्ना ग्राहक सदस्यहरुको क्षमता अभिवृद्धि गर्न, उद्यमशीलता विकास गर्न, व्यवसाय विस्तार गर्न व्यवसायिक साक्षरता, वित्तीय साक्षरता, अन्तरक्रिया कार्यक्रम, सिप विकास तथा उद्यमशीलता तालिम प्रदान गर्ने कार्यलाई प्राथमिकतामा राखी कार्यान्वयन गरेको छ। गुणस्तरीय लघुवित्त सेवा प्रदान गर्न संस्था पूर्णरुपमा प्रतिवद्ध रहेको छ। कार्यक्रमलाई प्रभावकारी रुपमा संचालन गर्न कर्मचारीहरुलाई आवश्यक व्यवसायिक तालिम तथा अन्तरक्रिया कार्यक्रममा सहभागी गराई ग्राहकमैत्री सेवा प्रदान र सम्वन्ध विस्तारमा जोड दिइएको छ। ग्राहक सदस्यहरुको समय सापेक्ष चाहना र आवश्यकता अनुसार सेवालाई परिस्कृत गरि थप ग्राहक/सदस्यमैत्री हुन व्यवस्थापन सदैव प्रतिवद्ध छ।

ग) विगतको अनुभवबाट संगठित संस्थाको मौज्दात, नाफा वा नगद प्रवाहमा तालिक असर पार्न सक्ने घटना, अवस्था आदि भएमा सो सम्बन्धी विश्लेषणात्मक विवरण : यस अवधिमा लागानीमा रहेको कर्जामा वृद्धि भएको छ । संचालन मुनाफामा गत आ.व. को तुलनामा सकुचन आएको छ । प्रयोजन अनुसार व्यवसायिक कर्जा उपयोग गराई कर्जा गुणस्तर कायम राख्ने कार्यमा जोड दिइएकोछ। देशमा आर्थिक क्रियाकलाप अपेक्षाकृत रुपमा चलायमान हुन नसकेकाले संस्थाको मौज्दात, नाफा वा नगद प्रवाहमा असर पर्न सक्ने देखिन्छ । तथापी विगतको अनुभवको आधारमा विद्यमान जोखिम न्यूनीकरण गर्न सकिने तथा संस्थाले तय गरेका कार्यनीतिहरुले चालु आर्थिक वर्षमा लक्ष्य प्राप्तगर्नमा व्यवस्थापन आशावादी रहेकोछ ।

३. कानूनी कारवाही सम्वन्धी विवरण :

क) यस अवधिमा संस्थाले कसैको विरुद्धमा कुनै मुद्दा दायर गरेको छैन र संस्थाको विरुद्धमा मुद्दा दायर भएको कुनै सूचना प्राप्त भएको छैन ।

ख) संस्थाका संस्थापक वा संचालकले संस्थापक वा संचालकको विरुद्धमा प्रचलित नियमको अवज्ञा वा फौजदारी अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर गरेको वा भएको कुनै जानकारी प्राप्त भएको छैन ।

ग) कुनै संस्थापक वा संचालक विरुद्ध आर्थिक अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर गरेको वा भएको कुनै जानकारी प्राप्त भएको छैन ।

४. संगठित संस्थाको शेयर कारोवार सम्बन्धी विश्लेषण :

क) दोश्रो वजारमा हुने शेयर कारोवारको मूल्य खुला बजारले निर्धारण गरे अनुरुप हुने संस्थाको धारणा रहेकोछ। यस संस्थाको शेयर कारोबार सन्तोषजनक नै रहेको छ ।

ख) नेपाल स्टक एक्सचेन्ज लिमिटेडको वेवसाइट www.nepalstock.com अनुसार गत त्रैमासिक अवधि (२०८३ श्रावण १ देखि आश्विन मसान्त सम्म) मा यस संस्थाको शेयर कारोबार विवरण :

अधिकतम मूल्य ६४५

न्यूनतम मूल्य ५५५.१०

अन्तिम मूल्य ६०८

कारोबार दिन ६९

कारोबार संख्या २४९४

५. समस्या तथा चुनौतीः

क) लघुवूर्तीय वित्तीय गतिविधि गर्दा फिल्डस्तरमा कर्मचारीहरुमा मनोबल कमजोर हुनु र ग्राहकवर्गमा वित्तीय अनुशासनको कमी।

ख) कर्जाको गुणस्तरमा अभिवृद्धि गर्न तथा निष्क्रिय कर्जाको न्यूनीकरण गर्न।

ग) ग्राहकको क्षमताभन्दा बढी कर्जा प्रवाह हुनु।

घ) संस्थाको आधारदर कम गर्न चुनौती रहेको।

६. संस्थागत सुशासनः

संस्थागत सुशासन कायम गर्न संस्था सदैव प्रतिवद्ध रहेको छ। संस्थाले नेपाल राष्ट्र बैंकबाट जारी संस्थागत सुशासन लगायतका निर्देशनहरु पालना गर्नुको साथै प्रचलित ऐन तथा कानूनहरुको पालना गर्दै आएको छ। संस्थाको प्रबन्धपत्र, नियमावली, कर्मचारी सेवा नियमावली, आर्थिक प्रशासन नियमावली, आन्तरिक लेखापरीक्षण निर्देशिका, व्यवस्थापन सूचना प्रणाली नीति, सम्पत्ति शुद्धिकरण निवारण नीति, लगानी नीति लगायतका नीति, नियम, निर्देशिकाहरु बनाई पालना गरिएको छ। त्यसैगरी लेखापरीक्षण समिति, जोखिम व्यवस्थापन समिति, कर्मचारी सेवा सुविधा समिति र सम्पत्ति शुद्धिकरण अनुगमन समिति गठन गरी कार्यान्वयनमा ल्याइएको छ।

७. सत्य, तथ्यता सम्वन्धमा प्रमुख कार्यकारी अधिकृतको उद्घोषणः

आजका मितिसम्म यस प्रतिवेदनमा उल्लेखित जानकारी तथा विवरणहरुको शुद्धता सम्वन्धमा व्यक्तिगत रुपले उत्तरदायित्व लिन्छु । मैले जाने बुझेसम्म यस प्रतिवेदनमा उल्लेखित विवरणहरु सत्य, तथ्य र पूर्ण छन् । लगानीकर्ताहरुलाई आवश्यक निर्णय लिन कुनै विवरण, सूचना तथा जानकारीहरु लुकाइएको छैन ।

INTERIM FINANCIAL STATEMENTS

Condensed Statement of Financial Position

As on Quarter Ended 31th Ashoj 2083

AssetsThis Quarter EndingImmediate Previous Year Ending
Cash and Cash equivalent1,497,110,4871,586,305,889
Statutory Balances and Due from Nepal Rastra Bank565,219,441529,709,745
Placement with Bank & Financial Institutions--
Derivative Financial Instruments--
Other Trading Assets--
Loans and Advances to MFIs & Cooperatives--
Loans and Advances to Customers26,729,234,13626,758,824,856
Investment Securities317,186,732348,805,086
Current Tax Assets41,905,71892,635,952
Investment Property--
Property and Equipment209,168,483210,523,349
Goodwill and Intangible assets1,784,3242,425,103
Deferred Tax Assets758,470,454758,470,454
Other Assets280,339,262263,728,350
Total Assets30,400,419,03730,551,428,784
Liabilities
Due to Bank and Financial Institutions--
Due to Nepal Rastra Bank--
Derivative Financial Instrument--
Deposits from Customers22,994,234,08122,644,075,168
Borrowing997,362,6461,583,694,773
Current Tax Liabilities--
Provisions17,792,74517,792,745
Deferred Tax Liabilities--
Other Liabilities191,607,624239,622,408
Debt Securities Issued--
Subordinated Liabilities--
Total Liabilities24,200,997,09624,485,185,094
Equity
Share Capital2,742,683,7382,742,683,738
Share Premium510,111510,111
Retained Earnings421,423,013309,089,063
Reserves3,034,805,0793,013,960,778
Total Equity6,199,421,9416,066,243,690
Total Liabilities and Equity30,400,419,03730,551,428,784

Condensed Statement of Profit or Loss

For the Quarter ended 31th Ashoj 2083

Particulars Current Year This Quarter Current Year UptoParticulars Current Year This Quarter Current Year This QuarterPrevious Year Corresponding This Quarter Previous Year Corresponding UptoPrevious Year Corresponding This Quarter Previous Year Corresponding This Quarter
Interest Income951,101,354951,101,354877,500,644877,500,644
Interest Expense483,012,955483,012,955443,544,077443,544,077
Net Interest Income468,088,399468,088,399433,956,567433,956,567
Fee and Commission Income81,011,58781,011,58781,960,68981,960,689
Fee and Commission Expense15,91915,91922,26722,267
Net Fee and Commission Income80,995,66880,995,66881,938,42281,938,422
Net Interest, Fee and Commission Income549,084,067549,084,067515,894,989515,894,989
Net Trading Income----
Other Operating Income----
Total Operating Income549,084,067549,084,067515,894,989515,894,989
Impairment charge/(reversal) for loans and other losses105,387,255105,387,25564,735,56764,735,567
Net Operating Income443,696,812443,696,812451,159,422451,159,422
Operating Expense
Personnel Expenses232,832,415232,832,415222,474,326222,474,326
Other Operating Expenses30,317,52930,317,52928,121,73328,121,733
Depreciation & Amortization3,521,6663,521,6663,748,5023,748,502
Operating Profit177,025,202177,025,202196,814,861196,814,861
Non Operating Income2,244,4542,244,4541,596,6991,596,699
Non Operating Expense--1,439,9461,439,946
Profit before Income Tax179,269,656179,269,656196,971,614196,971,614
Income Tax Expense63,808,74763,808,74770,795,26070,795,260
Current Tax63,808,74763,808,74770,795,26070,795,260
Deferred Tax----
Profit for the Period115,460,909115,460,909126,176,354126,176,354
Particulars Current Year This Quarter Current Year UptoParticulars Current Year This Quarter Current Year This QuarterPrevious Year Corresponding This Quarter Previous Year Corresponding UptoPrevious Year Corresponding This Quarter Previous Year Corresponding This Quarter
Statement of Comprehensive Income
Profit for the Period115,460,909115,460,909126,176,354126,176,354
Total115,460,909115,460,909126,176,354126,176,354
Earnings Per Share
Basic Earnings Per Share4.214.60
Annualized Basic Earnings Per Share16.8418.40
Diluted Earnings Per Share16.8418.40

Ratios as per NRB Directive

Particulars Current Year This Quarter Current Year Upto This Quarter Previous Year Corresponding This Quarter Previous Year Corresponding Upto This Quarter

Capital Fund to RWA 12.50% 16.35%

Non-performing loan (NPL) to total loan 13.16% 10.47%

Total loan loss provision to Total NPL 96.36% 106.84%

Cost of Funds 8.02% 8.07%

Credit to deposit and borrowing Ratio 127.55% 121.59%

Base Rate 12.69% 13.09%

Interest Rate Spread 6.44% 6.75%

Statement of Distributable Profit or Loss

For the Quarter ended 31th Ashoj 2083

(As per NRB Regulation)

Particulars Current Year Upto This Quarter Qtr YTD Previous Year Corresponding Qtr YTD
Net profit or (loss) as per statement of profit or loss115,460,909126,176,354
Appropriations:
a. General reserve23,092,18225,235,271
b. Foreign exchange fluctuation fund--
c. Capital redemption reserve--
d. Corporate social responsibility fund1,154,6091,261,764
e. Employees' training fund--
f. Client Protection Fund2,309,2182,523,527
g. Other--
-Transfer from Restructure and Reschedule Reserve--
-Transfer from Investment Adjustment Reserve--
Profit or (loss) before regulatory adjustment88,904,90097,155,793
Regulatory adjustment :
a. Interest receivable (-)/previous accrued interest received (+)--
b. Short loan loss provision in accounts (-)/reversal (+)--
c. Short provision for possible losses on investment (-)/reversal (+)--
d. Short loan loss provision on Non Banking Assets (-)/reversal (+)--
e. Deferred tax assets recognized (-)/ reversal (+)--
f. Goodwill recognized (-)/ impairment of Goodwill (+)--
g. Bargain purchase gain recognized (-)/reversal (+)--
h. Actuarial loss recognized (-)/reversall (+)--
i. Other (+/-)--
Total of Regulatory Reserve :
Net Profit for the period available for Distribution88,904,90097,155,793
Opening Retained Earning332,518,113791,583,278
Adjustment (+/-)-(119,070,703)
Distribution--
Bonus Shares issued--
Cash Dividend paid--
Total Distributable profit421,423,013769,668,367
Annualised Distributable Profit/Loss per share15.3729.47

Notes:

1. Above financial statements are prepared in accordance with Nepal Financial Reporting Standards(NFRS) and certain Care-outs issued by the Institute of Chartered Accountants ofNepal (ICAN).These figures may vary at the instances of statutory auditors and regulators.

2. The detailed interim financial report has been published in the website (https://www.nirdhan.com.np)

3. Loans and Advances are presented net of impairment charges and includes staff loans

4. Actuarial Valuation will be done for Employee Benefits

5. Personnel Expenses also include employee's bonus provision.

6. The above figures are subject to change upon otherwise as per the direction of the Regulators and/or Statutory Auditor

Interest Rates:

On Savings and Deposits: 7.50% to 9.00% per annum

On Loans: 10% to 15% per annum

Details of First Quarter of Fiscal Year 2083/084 (Related to Sub-rule (1) of Rule 26 of Securities Registration and Issue Regulations, 2073)

1. Financial Statements:

a) Financial position, profit and loss statement, distributable profit, and key financial ratios for this quarterly period are published herewith.

b) Key Financial Ratios:

Earnings Per Share 16.84

PE Ratio 36.19

Networth Per Share 226.03

Total Assets Value Per Share 1,108.42

Liquidity Ratio 12.07%

2. Management Analysis:

a) Details regarding major reasons for changes in stock, income, and liquidity of the institution during the quarterly period: The institution's income during the quarterly period is satisfactory compared to the review period of the previous fiscal year. Credit investment and savings mobilization have increased during the review period. The institution is committed to meeting the needs of underprivileged borrowers and achieving institutional goals by using available resources properly in the coming days.

b) Management's analytical statement regarding business plans for the upcoming period: This financial institution has been providing financial services through 185 branch offices in 555 local levels across all 77 districts of the country. Priority has been given to serving underprivileged households lacking service access during program expansion. As of the end of the quarter, the institution has provided microfinance services to a total of 4,04,986 households.

The institution has prioritized activities to conduct business literacy, financial literacy, interaction programs, skill development, and entrepreneurship training to enhance the capacity of its customer members, develop entrepreneurship, and expand business. The institution is fully committed to providing quality microfinance services. To run the program effectively, employees participate in necessary business training and interaction programs, emphasizing customer-friendly service provision and relationship expansion. Management is always committed to being more customer/member-friendly by refining services as per the timely desires and requirements of customer members.

c) Analytical statement regarding events, circumstances, etc., that may affect the stock, profit, or cash flow of the corporate body based on past experience: Credit investment has increased in this period. Operating profit has contracted compared to the previous fiscal year. Emphasis has been placed on maintaining credit quality by utilizing business loans as per purpose. As economic activities in the country could not be as dynamic as expected, it appears it may affect the institution's stock, profit, or cash flow. However, based on past experience, existing risks can be minimized, and management is optimistic about achieving the targets set by the policies adopted by the institution in the current fiscal year.

3. Details Regarding Legal Proceedings:

a) No lawsuit has been filed by the institution against anyone during this period, and no notice of lawsuit filed against the institution has been received.

b) No information has been received regarding any lawsuit filed by or against the promoters or directors of the institution regarding violation of prevailing rules or criminal offenses.

c) No information has been received regarding any lawsuit filed against any promoter or director regarding economic crimes.

4. Analysis Regarding Share Transactions of Corporate Body:

a) The institution holds the view that the price of share transactions in the secondary market is determined by the open market. Share trading of this institution remains satisfactory.

b) Share trading details of this institution during the last quarterly period (from 2083 Shrawan 1 to Ashoj end) according to the website of Nepal Stock Exchange Limited www.nepalstock.com:

Maximum Price 645

Minimum Price 555.10

Closing Price 608

Trading Days 69

Number of Transactions 2494

5. Problems and Challenges:

a) Low morale among field-level staff and lack of financial discipline among client groups while conducting microfinance activities.

b) Enhancing credit quality and minimizing non-performing loans.

c) Over-indebtedness/disbursement of credit beyond client capacity.

d) Challenge to reduce the base rate of the institution.

6. Corporate Governance:

The institution is always committed to maintaining corporate governance. The institution abides by directives issued by Nepal Rastra Bank, including corporate governance, as well as prevailing Acts and laws. Memorandum of Association, Articles of Association, Employee Service Regulations, Financial Administration Regulations, Internal Audit Manual, Management Information System Policy, Anti-Money Laundering Policy, Investment Policy, and other policies, rules, and guidelines have been formulated and complied with. Likewise, Audit Committee, Risk Management Committee, Employee Service & Facilities Committee, and Anti-Money Laundering Monitoring Committee have been formed and implemented.

7. Declaration by Chief Executive Officer on Truthfulness and Accuracy:

I personally take responsibility for the accuracy of the information and details mentioned in this report till today's date. To the best of my knowledge and belief, the details mentioned in this report are true, factual, and complete. No details, notice, or information necessary for investors to make decisions have been concealed.

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