In this Act, unless the subject or context requires otherwise, - (a) "Financial Intermediation" shall mean the work of collecting small savings and providing micro-loans in accordance with this Act. (b) "Institution" shall mean registered under the Organization Registration Act, 2034 (c) "Permit" shall mean the license granted to perform financial intermediation pursuant to Section 5. (d) "Bank" shall mean the Nepal Rastra Bank established under the Nepal Rastra Bank Act, 2058. (e) "Small business" means an income-generating business with less than ten people involved in the work. (f) "Low income person" means a person with a lower income than specified by the bank from time to time. (g) "Group" means a specified It should be considered a group of low-income people formed after completing the process. (h) "Collective guarantee" means a written guarantee written to the organization by other members of such group agreeing to pay collectively if a member of the group does not pay the small loan. (j1) "Minimum savings" means Savings collected by the organization from low-income individuals or groups of individuals who are members of the organization as determined by the bank from time to time. It means a group or a member of a group that takes a small loan from the organization. (k) "Security" means movable and immovable property secured by a mortgage, mortgage or any other type of property in accordance with the prevailing law when taking a small loan. (d) "Prescribed" or "as prescribed" shall mean the person appointed by the organization and the term shall mean the office bearer of the organization.