Forward Microfinance Laghubitta
Duhabi-5, Sunsari, Nepal ·
Forward Microfinance Laghubitta Bittiya Sanstha is an NRB Class-D microfinance institution providing small loans, member savings, micro-insurance and remittance services to low-income and rural families across Nepal.
Rates at a glance
Deposit rates
| Product | Type | Tenor | Depositor | Rate p.a. |
|---|---|---|---|---|
| Member Savings | Normal Savings | — | individual | 7.50% |
Loan rates
| Product | Effective rate | Base | Premium |
|---|---|---|---|
| General Loan (non-collateral) | 13.92% (fixed) | 11.61% | — |
| General Loan (collateral) | 13.67% (fixed) | 11.61% | — |
| Seasonal Loan | 13.92% (fixed) | 11.61% | — |
| Special Loan | 13.92% (fixed) | 11.61% | — |
| Micro Enterprises Loan | 13.92% (fixed) | 11.61% | — |
| Housing Loan | 13.92% (fixed) | 11.61% | — |
| Social Loan | 13.92% (fixed) | 11.61% | — |
| Employment Loan | 13.92% (fixed) | 11.61% | — |
| Alternative Energy Loan | 13.92% (fixed) | 11.61% | — |
About Forward
Forward Microfinance Laghubitta Bittiya Sanstha Ltd. was established in September 2012 as a continuation of microfinance services delivered by FORWARD, an NGO founded in December 2002, and received its NRB license in March 2013, commencing operations in May 2013. Headquartered in Duhabi-5, Sunsari, it operates through a network of 142 branch offices nationwide. It follows both Grameen Bank (Bangladesh) group-lending methodology and its own individual/non-group lending model, focused on uplifting poor and backward rural communities, especially women. Its loan, savings and micro-insurance products target deprived-sector members with NRB-capped lending rates.
Source: forwardmfbank.com.np
Contact
- Head office
- Duhabi-5, Sunsari, Nepal
- Phone
- +977-25-542018
- [email protected]
- Website
- https://forwardmfbank.com.np
Products & Services
Savings/Deposits
10Loans
8Micro-insurance
1Remittance
1Digital & e-services
Deposit and loan rates effective Asar 2083, aggregated from the bank's published disclosures; card figures are indicative. Confirm with the bank before applying.