ASHA Microfinance Financial Institution Limited (ALBSL) has declared a dividend to be distributed to its shareholders from its profits for the last fiscal year.

Microfinance has announced to distribute dividends to its shareholders at the current rate of 15 percent of its paid-up capital. Of these, 14.25 percent are bonus shares and 0.75 percent are cash dividends for tax purposes.

The Board of Directors of Microfinance held a meeting on October 22 decided to distribute dividend at the same rate.

The dividend will be distributed after being approved by the NRB and approved by the upcoming Annual General Meeting.