overview
Financial Institutions are established in Nepal with the motive to help uplift the economic situation of the downtrodden Nepali people. However, most of the finance institutions are established and concentrated in urban areas and run in conventional way. So the rural poor have no access to the financial services. Many of the development agencies have attempted to create groups and run micro- finance idea and help. According to the World Bank study still around 50% of the total population has no access in financial services. Swastik Laghubitta Bittiya Sanstha Limited a category “D” Province level financial institution by Nepal Rastra Bank and Government of Nepal, commenced its operation since 26 March, 2019 under Bank and Financial Institution Act 2017. Being a Province level financial institution, it has planned to serve the underprivileged peoples throughout the nation with stellar track record of increasing profitability, market share and product offerings in couple of year. We would like to introduce ourselves as a Province level micro-finance institution with its head office at Lahan-08, Siraha, Province 2 of Nepal and supporting the 12 branches.
Equity
The authorized capital of Swastik Laghubitta Bittiya Sanstha Ltd. (SLBSL) is Rs. 60 million out of which Rs. 20 million has been issued. The issued capital has been paid up by 1.2 million from individual promoters and remained 0.8 million will be paid from public after IPO.
Vision
Serve the micro-financial services to the poor and underprivileged community by educating them on financial awareness, and micro-entrepreneurial activities.
Mission
Serve the micro-financial services to the poor and underprivileged community by educating them on financial awareness, and micro-entrepreneurial activities.
