Unique Nepal Laghubitta Proposes Dividend for FY 2079/80; How Much in Bonus Shares and Cash?

 Unique Nepal Laghubitta Bittiya Sanstha Limited (UNLB) has proposed a 20% dividend for the fiscal year 2079/80.

The 79th meeting of the Board of Directors (BODs) held on Bhadra 30 decided to distribute a 1% cash dividend and a 19% bonus share from the paid-up capital. The current paid-up capital of the company stands at Rs. 14.85 Crores. The cash dividend includes the tax amount for the bonus shares.

This decision is subject to approval from the NRB after which it will be endorsed in the AGM of the bank.

As of writing, UNLB has an LTP of Rs. 1,055.

Unique Nepal Laghubitta Bittiya Sanstha Limited (UNLB) More Details :

Unique Nepal Laghubitta Bittiya Sanstha Ltd. (UNLBSL) is one of the leading ‘D’ Class Micro-finance institutions in Western Nepal. Smart Campaign awarded the ‘SMART CERTIFICATE’ in April 2021 to us. Currently, it provides its services to more than 90,000 poor and marginalized beneficiaries from ten districts of Province 5 and Province 7.

UNLBSL obtained micro-finance banking license from the Nepal Rastra Bank in October 2018. However, the history goes back to the year 2000, when UNYC Nepal started working in this field. It has continuously worked for last 18 years under the provisions of Financial Inter-mediator Act, as a ‘FINGO’.

It continually aims at improving access to financial services. It strives to promote culture of saving, encourages income generation, supports micro-entrepreneurship development and provides social security services to its clients.

It has been promoted by UNYC Nepal, Prabhu Bank, NCC Bank and other individual shareholders. It is registered under the Company Act of Nepal.

It believes in multi-layered and targeted interventions to address the causes of poverty of its clients. Therefore, it promotes an enabling eco-system to provide business development opportunities.

In the partnership with the Central Bank of Nepal, line ministries and development agencies, it is engaged to improve access to finance. Sakchyam Challenge Fund is another present partner to gear towards adopting innovative IT based micro-finance delivery and value chain development products.

Vision :

The vision is to create a civil societyby uplifting socio-economic status of the poor and marginalized communities, and thereby to improve the quality of their lives.

Mission :

The mission is to extend financial services and social awareness to contribute to equality of prosperous, self-reliant and cohesive society through employment generation and quality service delivery to client for their satisfaction.

Objectives :

The main objectives of the Financial Institution, which shall carry out financial
transactions under the provisions of the Nepal Rastra Bank Act, 2058 (2002), Bank and
Financial Institution Act, 2073 (2016), Company Act and other relevant laws are as
follows:

•  to provide quality and reliable financial services to its clients by protecting and
  safeguarding their interest through healthy competition,
•  to assist in bringing accelerated development pace of country’s agriculture,
  industry, service, trade and other productive enterprises, which are viable from
  business point of view by mobilizing necessary financial resources from internal
  and external sources for the establishment, development, expansion and
  enhancement of capacity and productivity of the agricultural, industrial and trade
  sectors,
• to establish, operate, develop, expand and promote productive and employment