Progressive Finance Limited is a Public Limited Company registered on 14th Ashwin, 2051 under the Company Act, 2021 BS. We are a C-class licensed financial institution under Nepal Rastra Bank 2062 31’1’ Act. Located at the heart of Kathmandu – Pako, Newroad, we started our operations from 14th Falgun 2052 BS. Our name was changed to Progressive Finance Limited from Merchant Finance Limited in 2067 upon the approval of company’s Annual General Meeting, Nepal Rastra Bank and Company Registrar’s office.
We publically issued 120,000 shares in 28th Shrawan 2064. Later on, by issuing 59,01,000 entitled shares in the ratio of 1: 2.81. By the date of 15th Baishakh 2076 we have total capital of Rs. 80,01,00,000 has been collected.
Progressive Finance Limited succeeds in establishing itself as a reputed and reliable financial institution in Nepal by offering attractive interest rates and satisfying the customers at the same time. The company fulfills financial needs of the customers in an easy way with average interest rates and different schemes and facilities. It helps secure the depositors life-time savings offering them an attractive return on their savings.