Overview
Nerude Laghubitta Bittiya Sanstha Limited (NLBSL) ( Nepali: नेरुडे लघुवित्त वित्तिय संस्था लिमिटेड) was established on May 23, 2007 (2064.02.09) by registering under the "Company Act 2063" with the Company Registrar's office of Nepal as a micro-finance institution in Biratnagar, Morang district dated on March 4, 2007 (2063.11.10 BS). Nerude Laghubitta has been operating financial transactions as a national level "D" Class licensed from Nepal Rastra Bank (NRB).
Nerude Laghubitta was established with the objective of uplifting the socio-economic status of the rural poor. It has initiated micro-financial services and community development activities to female group members by replicating the basic approach of Grameen Bank Financial System of Bangladesh (GBFS).
NERUDE Laghubitta aims to work as a self-sustained financial institution and serve a maximum number of the rural poor and deprived members through the delivery of micro-finance services at the grassroots level.
Program Services:
Nerude Laghubitta provides both financial and non-financial services to its clients. As one of the non-financial services, It will make necessary attempts to the capacity of its clients.
Financial Services:
Credit delivery, saving mobilization and livestock insurance scheme falls under the financial services.
The Nerude Laghubitta provides the following three types of financial services:
- Credit services
- Saving services
- Insurance Services
Vision:
The NLBSL vision is to make this bank a leading and capable financial institution in the Micro-Finance sector to serve the poor people in Nepal for breaking into the vicious circle of poverty.
Mission:
- The NLBSL's mission is to provide financial services to the poor and deprived people at their door through a group approach in a sustainable manner.
- The general objectives are to facilitate poor people with:
- Credit for creating opportunities and generating income by mobilizing local resources.
- Micro savings program for creating financial resources and for strengthening the credit transaction capabilities of its clients.
- Extension services in the field of agriculture and small enterprises for modernizing their occupation and making their activities viable and sustainable.
- Opportunities for overall social development together with raising their awareness about the undesirable Socio-cultural and blind traditional practices.
The goal of Nerude Laghubitta:
The goal of NLBSL is to work as a self-sustained financial institution and serve a maximum number of the rural poor and deprived through the delivery of micro-finance services at the grassroots level.
Operational Area of the NLBSL:
Nerude Laghubitta has been implementing Microfinance (Laghubitta) Programs in 30 districts (90 Branches) of Nepal, i.e. Sunsari, Morang, Jhapa, Saptari, Bara, Dhankuta, Bhojpur, Terhathum, Sankhuwasabha, Udayapur, Siraha, Dhanusha, Sindhuli, Ilam, Mahottari, Sarlahi, Rautahat, Chitwan, Khotang, Parsa, Taplejung, Nawalparasi, Rupandehi, Makwanpur, Panchthar Kapivastu, Dang, Banke, Bardiya & Kailali districts. Its program is a women-focused micro-financing program based on Grameen Bank Financial System of Bangladesh.
