In the context of Microfinance sector of Nepal has been emerging industries for access to finance in village area, where infrastructure, economic activities, social awareness is very poor. Microfinance is playing a vital role to access the financial services with poor people and enhancing their economic status as well as quality of life. Today MFIs function in a complex environment and face significant challenges including increased competition, tighter regulationmore >>
NMBSL is providing Social Security Fund product to protect them from unseen difficulties that mitigate risk such as death of family member and natural disaster. Social Security fund compensate the death of clients or client husband and damage of client residential house caused by natural disaster. Social Security fund collected 0.6% of the disbursed of Primary Loan. In case of death of client Primary loan cleared and Rs. 5000/- provided as a funeral compensation to her nominee. Similarly, in case of death of client husband Rs. 5000/- paid to clients as a funeral compensation and if clients residential house fully damage by natural disaster then Rs. 2000/- provided as compensation for immediate relief.