Overview
Jeevan Bikas Laghubitta Bittiya Sanstha Limited (Nepali: जीवन विकास लघुवित्त वित्तीय संस्था लिमिटेड) is a national level 'D' Class Financial Institution. Jeevan Bikas has formally started its microfinance operation from 16th Falgun 2075 after getting a license from Nepal Rastra Bank (Central Bank of Nepal) on 3rd Falgun 2075 B.S to undertake financial activities under the Bank and Financial Institutional Act 2073. Jeevan Bikas was registered on 26th Shrawan 2069 under Company Act 2063. The Microfinance program of Jeevan Bikas is an outcome of the micro-finance operation implemented by Jeevan Bikas Samaj (Financial Intermediately Non-Government Organization), which was established in 2054.
The major objective of Jeevan Bikas is to improve the livelihood conditions of the poor and marginalized people by providing access to financial services. It has been encouraging to develop a practice of saving, supporting to increase the level of income, emphasizing to develop micro-entrepreneurs and providing social security services to its members.
Vision: “Poverty free Nepal”
Mission: To enhance the quality of life of poor people by increasing their access to resources.
Goal: To assist landless, marginalized, and back-warded people especially women in order to improve their living conditions by providing microfinance services and by implementing community development works.
Objectives: To disburse loans at the grassroots level in order to conduct income-generating activities and to execute education, health and nutrition, sanitation, environment conservation, and advocacy programs.
Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLBSL) is registered as a Public Limited Company in the Office of the Registrar of Companies on 10 August 2012. Permission was obtained from Nepal Rastra Bank on 15 February 2019 to be a class D financial institution with a national level jurisdiction.
The scope of work of this microfinance financial institution, which has formally started operations on 28 February 2019, is at the national level. The merger between Jeevan Vikas Microfinance and Salv Microfinance Financial Institution was completed and integrated business was started on September 7, 2020. Currently, microfinance operates through 138 branch offices in 19 districts.
Advancing with the main goal of building a poverty-free Nepal, microfinance has been providing services to raise the living standards of poor families in rural areas.
The registered office of the organization is located in Ward No. 2, Katahari Rural Municipality, Morang District, Province 1.
According to the Banking and Financial Institutions Act, the public has to issue IPOs, according to JBLBSL. Accordingly, JBLBSL has issued 32.50 percent of the paid up capital or Rs. 197.73 million in IPO.
JBLBSL has stated that it has to issue IPO in order to increase the investment required to expand the service and to manage the capital required to expand the financial and economic activities and to raise the required capital for the works to be done in accordance with the objectives mentioned in the management letter and rules of the financial institution.
JBLBSL has stated that it will invest Rs 1.1 million in physical infrastructure and branch expansion, Rs 194.30 million in agriculture, animal husbandry, retail trade and service business loans and Rs 2.6 million in deposits of other financial institutions including commercial banks.
JBLBSL Financial Institution has taken the strategy of expanding the service as per the requirement of the customer to increase its business and service.
JBLBSL aims to raise an additional Rs 3.16 billion by depositing at least 58 more branch offices and disburse an additional Rs 10.74 billion by next fiscal year.
Emphasizing on institutional good governance, internal control and administrative consolidation, the organization has stated that it will remain committed towards giving maximum return to the investors.
