Aatmanirbhar Laghubitta Bittiya Sanstha Limited

INTRODUCTION

Aatmanirbhar Laghubitta Bittiya Sanstha Limited (Aatmabnirbhar LBS) was incorporated at the office of the company registrar under Nepal government’s Ministry of Industry and Commerce Supplies on 29th November 2018 with a registration no as 202678/075/076 and a PAN no-606545622 to function as class “D” categorized bank recognized by Nepal Rastra Bank in Lumbini province of Nepal in pursuant of Sub-Section (I) of the companies Act 2006.

Its central office is located in Ghorahi-Sub-Metropolis-15 in Dang district. It has a total of 17 branches spread across Dang, Salyan and Banke district.

History: The idea of Aatmanirbhar LBS was conceived early by Gramin Mahila Utthan Kendra (Rural Women Development Center-RWDC) when it was founded as a non-government organization to contribute to social development of rural women with respect to their literacy, income generation and empowerment.

RWDC as its promoter organization in the early phase obtained the license from Nepal Rastra Bank to work as financial intermediary institution in 2060 BS (2004 AD) and started mobilizing women’s saving groups and started disbursing micro-loans to needy households based on group’s collateral.

After Aatmabirbhar LBS was registered and recognized as a “D” class bank in Lumbini province of Nepal and it was duly handed over by its promoter organization RWDC in 2019 (2075 BS) as a separate banking entity (microfinance service provider) to function independently.

Vision statement: Aatmanirbhar envisions to alleviating poverty of the poor, marginalized and disadvantaged rural communities.

Mission statement: To provide micro-loans to rural poor and destitute households so as to improve their living standards, livelihood through economic empowerment by means of micro-entrepreneurship.