Merger Agreement Signed Between Jeevan Bikash and Unique Nepal Microfinance Institutions

March 30, Biratnagar – A merger agreement has been finalized between Jeevan Bikash Microfinance Financial Institution and Unique Nepal Microfinance Financial Institution. Jeevan Bikash, headquartered in Kathaari, Morang, and Unique Nepal Microfinance, based in Kohalpur, Banke, signed the mutual merger agreement on Saturday. The agreement document was signed by Vikramraj Subedi, Chairman of Jeevan Bikash Microfinance, and Shiv Bahadur Chaudhary, Chairman of Unique Nepal Microfinance.

Jeevan Bikash, with its central office located in Kathaari Rural Municipality-2, Morang, operates through 160 branch offices and delivers microfinance services directly to over 315,000 members across 31 districts in the Koshi, Madhesh, and Bagmati provinces. On the other hand, Unique Nepal Microfinance, headquartered in Kohalpur Municipality-11, Banke district, serves more than 80,000 members across 10 districts in Western Nepal. Following the merger, the service coverage will expand from Jhapa in Eastern Nepal to Kanchanpur in the West.

Unique Nepal currently delivers microfinance services through 41 branch offices located in Banke, Bardiya, Kailali, Kanchanpur, Nawalparasi, Rupandehi, Kapilvastu, Dang, Surkhet, and Dadeldhura. This merger will strengthen the capital base and service reach of the combined institution. Following the initiation of the merger process, according to the provisions of the Nepal Securities Board, the basic share transactions of both institutions have been suspended. Share trading for these shareholders will remain suspended until the upcoming general assemblies are completed.