Kathmandu Metropolitan City Seeks Details of Missing Cooperative Loan Borrowers

ictframe.com · 1 week ago

The Cooperative Department of Kathmandu Metropolitan City has requested detailed information from all local cooperative institutions about borrowers who have defaulted on substantial loans and are uncontactable. This initiative aims to strengthen loan recovery processes and enforce financial discipline by requiring cooperatives to submit borrower profiles, including legal documents and digital data in Excel format. The move reflects growing concerns over unpaid cooperative loans and aims to restore trust by addressing willful defaulters.