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.
The Capital structure of Company is
Authorised Capital: 250 million
Initial capital Injection: Rs.70 million
IPO within 2 years: Rs. 30 million
Head Office: Vyas -02,Damauli, Tanahu, Nepal