Nepal Seva laghubitta Bittiya Sanstha has published first quarter report of FY 2075/76. It has posted net loss of Rs.16.69 lakh in Q1.
As per the published report, the microfinance has reported net loss to Rs.16.69 lakh in this Q1 of Fiscal year 2075/76 from profit of Rs.1.93 lakh in the same period of last fiscal year 2074/75.
It has collected deposit of Rs.5.27 crore & borrowing of Rs.24.66 crore & floated in loan & advances of Rs.32.29 crore. Deposit increased by 83.76% & loan expansion increased by 49.79% in the comparing period.
Its net interest income increased to Rs.52.70 lakh in Q1 from Rs.34.63 lakh in the last corresponding quarter. Operating loss increased to Rs 40.28 lakh from Rs.19.33 lakh in the last year.
It has provision for possible losses of Rs.66.17 crore in Q1.
Its paid up capital is Rs.6.00 crore with reserves of Rs.35.78 lakh.
Its non performing loan stands at 4.77% from 1.44% from the last year.
