Nerude Mirmire’s Notice for Chief Executive Officer (CEO) Recruitment
5th November 2025, Kathmandu
Nerude Mirmire Laghubitta Bittiya Sanstha Limited, a national-level microfinance institution licensed by Nepal Rastra Bank, has re-issued a notice for the recruitment of its Chief Executive Officer (CEO).
Nerude Mirmire CEO Recruitment
This is a critical opportunity for a seasoned financial leader to direct the strategy of a merged entity in Nepal’s rapidly evolving microfinance sector. With a firm deadline of 23 Mangsir 2082 (4:00 PM), prospective candidates must focus on demonstrating exceptional strategic insight, particularly through the required 2,500-word proposal.
The selection process is stringent, requiring candidates to excel in both professional qualifications and the ability to articulate a clear, forward-looking vision for the institution.
Essential and Preferred Qualifications: The Ideal Candidate Profile
The notice sets a high bar for applicants, blending mandatory academic and professional experience with highly desirable sectoral expertise.
Minimum Mandatory Requirements
To be considered for shortlisting, applicants must meet the following non-negotiable criteria:
Educational Foundation: A Bachelor’s degree in highly relevant fields such as Chartered Accountancy, Management, Banking, Finance, Monetary Economics, Commerce, Accounting, Statistics, Mathematics, Business Administration, Public Administration, or Law from a recognized institution.
Senior-Level Experience: A minimum of five years of work experience in a senior-level or equivalent position within key sectors like banking, financial institutions, government agencies, organized institutions, universities, or international organizations. This stipulation ensures the candidate possesses the leadership maturity and decision-making experience required for a CEO role.
Age Limit: The applicant’s age must not exceed 60 years by the application deadline of 23 Mangsir 2082.
Preferred (Advantageous) Expertise
Candidates who possess the following will have a distinct competitive advantage in the shortlisting process:
Executive Experience in Finance: Prior experience as a CEO, Deputy CEO, or in a managerial role within other banking and financial institutions (BFIs). This directly relates to the operational demands of leading a ‘B’ class financial institution.
Microfinance Specialization: Direct professional experience in microfinance institutions (MFIs) is highly valuable, indicating familiarity with group lending models, field operations, and the socio-economic mission of the sector.
Digital Proficiency: Demonstrable proficiency in information technology applications is essential for leading digital transformation, improving operational efficiency, and enhancing customer outreach in the modern financial environment.
The Strategic Proposal: Crafting a 2,500-Word Vision for Nerude Mirmire
The most critical component of the application is the 2,500-word proposal. This document is not merely a long-form essay but a strategic blueprint that will serve as the foundation for the presentation and interview. It must cover the current status, challenges, problem-solving strategies, and the future direction of Nerude Mirmire Laghubitta Bittiya Sanstha Limited.
Section I: Current Status and Critical Challenges
A successful proposal must first demonstrate a deep understanding of the institution and the wider sector.
Current Status Analysis: Review Nerude Mirmire’s profile as a merged entity. Candidates should research its financial health (Non-Performing Loans – NPLs, net profit, asset quality), geographic outreach, and client base (e.g., from publicly available annual or quarterly reports on their website or NEPSE).
Sectoral Challenges: Identify the most pressing issues facing microfinance in Nepal today. These often include:
Deteriorating Asset Quality: Managing rising NPLs and loan defaults, a major issue across the MFI sector.
Resource Constraints and Cost of Fund: Navigating the regulatory cap on lending rates (15%) while the cost of bank borrowings remains high, which squeezes profit margins.
Unhealthy Competition & Multiple Banking: Addressing intense competition, loan duplication, and client over-indebtedness due to multiple MFIs operating in the same area.
Regulatory Compliance and Digital Adoption: Ensuring rigorous compliance with Nepal Rastra Bank’s evolving directives and embracing ICT to improve efficiency and transparency.
Section II: Problem-Solving Strategies and Turnaround Plan
This section requires actionable, evidence-based strategies to address the identified challenges.
Asset Quality Improvement: Propose a robust credit risk management framework, including enhanced client screening, continuous field-level monitoring, and effective loan recovery mechanisms.
Funding and Financial Sustainability: Outline strategies to diversify funding sources, negotiate better terms for wholesale lending, and reduce the overall cost of funds.
Operational Efficiency through Digitalization: Detail a plan for adopting core banking solutions, mobile banking for clients, and digital ledger systems to minimize operational costs and fraud, enhancing outreach in remote areas. This demonstrates the candidate’s IT proficiency.
Human Capital Development: Propose training and capacity building programs for loan officers to improve loan appraisal skills, ethical practices, and client financial literacy, thereby reducing NPLs.
Section III: Future Direction and Vision (The 3-5 Year Plan)
The conclusion of the proposal should articulate a compelling, measurable vision for Nerude Mirmire.
Growth Trajectory: Define clear targets for outreach expansion, focusing on underserved regions, and a strategy for sustainable portfolio growth without compromising asset quality.
Impact and Mission: Reiterate the institution’s commitment to its social mission—poverty alleviation and women’s empowerment—and how the proposed strategies will enhance socio-economic impact alongside financial sustainability.
Merger Synergies: If the institution is a result of a recent merger, outline how operational and cultural integration will be completed to maximize efficiency and realize the full potential of the combined entity.
Application Requirements and Final Selection Process
Candidates must ensure all documentation is complete and submitted before the deadline to be considered.
Required Documentation:
Comprehensive Personal Details: This includes a detailed Curriculum Vitae (CV) outlining all educational qualifications and chronological work experience.
Strategic Proposal: The mandated 2,500-word proposal is crucial.
Self-Certified Copies: Self-certified copies of the Nepali citizenship certificate, all educational certificates, and experience certificates are required.
Equivalency: If any academic qualifications were obtained from a foreign institution, a Tribhuvan University (TU) equivalency certificate is mandatory.
Submission and Selection
Applications can be submitted physically to the Central Office in Banepa-8, Kavrepalanchok or electronically via email to [email protected].
The selection process is two-tiered:
Shortlisting: The management will shortlist candidates based on the strength of their academic credentials, relevant work experience (especially in CEO/managerial roles in BFIs), and the quality, depth, and strategic value of the submitted proposal.
Presentation and Interview: Shortlisted candidates will proceed to the final stage, which involves a formal presentation (likely based on the submitted proposal) and a comprehensive interview. Candidates must bring the original copies of all submitted documents for verification during this final stage.
This is a demanding recruitment process seeking a leader capable of steering Nerude Mirmire through the complexities of the microfinance sector into a future of sustained financial and social impact.
For More: Nerude Mirmire CEO Recruitment
