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Sarathi Laghubitta Bittiya Sanstha Ltd

Sarathi Laghubitta Bittiya Sanstha Ltd

Vyas-02, Damauli, Tanahun
  • Nepal
  • Tanahun
  • Vyas-02, Damauli

Introduction

Nepal is one of the poorest countries in the South Asia region and in the world. Poverty is the main challenge of economic development in Nepal.

Poverty alleviations has been repeatedly stated and emphasized as the primary agenda of development by the government of Nepal and external development partners. The government of Nepal has been according top priority to poverty alleviation since past several years. In this regard, Microfinance is defined as the access to financial services for the poor and low income groups. It is universally accepted as an effective tool for addressing poverty.

With the aims to support the government program, The Sarathi Laghubitta Bittiya Sanstha Ltd. is established.  It is public limited company under the Company Act 2063 and operating under the Banking and Financial Institution Act (BAFIA) 2073. The organization is licensed by NRB as Group D" financial institution under the BAFIA.

The brief highlights of the organization,
Service Provided Districts: Tanahun, Parvat, Lamgunj, Gorkha, Dhading, Rupandehi, Nawalparasi, Nawalpur, Makawanpur, Bara and Parsa.

Promoters : All the promoters are from Banking and Financial Sectors.

The NCC Bank Ltd. is the institutional promoter of Company.

Mission Vision and Goal

The vision, Mission and Objectives of Organization,

Vision

To be efficient microfinance institution capable of serving deprived sector people with application of modern technology and tools in competitive manner.

Objective

To uplift the economic condition of rural poor people providing efficient financial services, run social awareness programs to the underprivileged community of the service area.

Mission

Following will be the major objectives of the organization.

  1. To provide microcredit facility to deprived community.
  2. To enhance the living standard of the deprived community by providing various financial and non-financial services.
  3. Raising production and productivity of poor communities by utilizing their skills and resources.
  4. Proving skill development training, technical knowhow and orientation for the proper utilization of the available resources, labor and capital.
  5. Provide support services to local institutions for the development of agriculture, irrigation, drinking water, cottage and rural industries, forestry and alternative energy and encourage them to undertake feasible and appropriate enterprises.
  6. Act as an intermediary between development programs of government, NGOs, bi-lateral and multi-lateral projects and local.
  7. Helping in increasing public trust in overall financial system of nation.
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