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, Sarathi 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.
Sarathi Nepal Laghubitta Bittiya Sanstha Ltd(SNLB), 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.
To become a sustainable and leading commercial microfinance institution in Nepal.
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.
The SNLB have its strategies as under;
The SNLB believes its core value as under for sustainable microfinance services. These are:
Objectives of the SNLB are:
|1||NIC Asia Ltd.|
|2||Nabil Bank Ltd.|
|3||Prime comercial Bank Ltd.|
|4||Nepal Investment Bank Ltd.|
|5||Kumari Bank Ltd.|
|6||Century Commercial Bank Ltd.|
|7||NMB Bank Ltd.|
|8||Lumbini Bikash Bank Ltd.|
|9||Dev Bikash Bank Ltd.|
|10||Janata Bikash Bank Ltd.|
|11||Civil Bank Ltd.|
|12||Manjushree Financial institution|
|13||Central Finance Ltd.|
|14||First Microfinance development ltd.|