Progressive Finance Limited

Progressive Finance is a “C-class” financial institution in Nepal, originally registered under the Company Act on 14 Ashwin 2051 B.S. (as a private finance company), and later renamed from “Merchant Finance Limited” to “Progressive Finance Limited” in 2067 B.S. after approval by its AGM and regulatory authorities. Starting operations on 14 Falgun 2052 B.S., it has gradually expanded its operations and footprint across Nepal. Progressive Finance provides a broad array of financial services beyond traditional micro-finance, including loans for auto/hire-purchase, real estate, personal loans, SME/business loans, loans against fixed deposits, and also supports sectors like agriculture via unified-agriculture loans.They also offer deposit mobilisation, savings, fixed deposits, and recently have bolstered their digital banking offerings through a mobile banking app contributing to financial inclusion and convenience for clients across urban and rural areas. Over time, PROFL has built up its capital base significantly: after issuing public and right shares, as of 15 Baishakh 2076 B.S. its total collected capital stood at NPR 800,100,000. On the Nepal Stock Exchange (NEPSE), PROFL is listed under the symbol “PROFL.” In recent years, the company has gone through ups and downs: in the first quarter of fiscal year 2082/83, it reported a net loss of NPR 39.08 million a reminder of the risks finance firms face under changing macroeconomic conditions, interest rate fluctuations, and possibly rising non-performing assets. Despite these, Progressive Finance remains a recognized name in Nepal’s finance sector, leveraging both traditional lending/deposit services and digital banking tools to serve a wide customer base.