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Naya Nepal Laghubitta Bittiya Sanstha Ltd

Naya Nepal Laghubitta Bittiya Sanstha Ltd

Dhulikhel - 3, Kavrepalanchowk
  • Nepal
  • Kavre
  • Dhulikhel - 3,

As poverty is the main development challenge for the overall development of Nepal and microfinance is becoming globally an effective tool for poverty reduction there is tremendous scope of microfinance services in Nepal, rural areas in particular. Nepal being a least developed country  has abundant scope of micro finance services that will help in generating income of  people  below in the poverty line. Nepal, since 1974, has been undertaking different micro financing models to cater the credit need of the rural poor thereby involving them in income generation. Apart from this, the existing micro finance services are mostly concentrated their activities in Tarai (Plain) areas. The Hills and mountain areas are not yet accessed by such financial services. In this background, Naya Nepal Laghubitta Bittiya Sanstha has been established to provide financial services to the poor people of Hill, Mountain and Tarai areas of the Mid and Eastern Region of the country.

Naya Nepal Laghubitta Bittiya Sanstha Ltd(NNLB), Previously Naya Nepal Laghu Bitta Bikash Bank was established in 2009 as a "D" class regional level financial institution with the Nepal Rastra Bank under BAFI Act, 2063 (2006). Later, in 2018 , NNLB has changed its name to Naya Nepal Laghubitta Bittiya Sanstha ltd. as of Bank and Financial Institution Act 2073.

Vision: 

To become a sustainable and leading commercial microfinance institution in Nepal.

Mission

Reaching out to encouraging poor people of the Central and Eastern Regions through microfinance services including special support package (Solar Home System, Biogas and Irrigation, etc.) and making them financially empowered.

Objectives

Objectives of the NNLB are:

  1. To provide all kinds of sustainable microfinance services to its clients of the operational areas of the bank
  2. To help develop banking and savings habit amongst rural people, generate savings and mobilize for its best utilization.
  3. To provide alternative financial services to its clients such as remittance services and insurance products.
  4. To make its clients financially empowered through micro finance services.
  5. To generate employment opportunities including self-employment in the project areas of the bank.
  6. To provide microfinance services to at least one member from the deprived household.
  7. To maintain a constant and close relationship with its beneficiaries.


source by: http://www.nnlb.com.np

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