First Microfinance Development Bank Ltd.

About First Microfinance Laghubitta Bittiya Sanstha Ltd.

Introduction

First Microfinance Laghubitta Bittiya Sanstha Ltd. (First Microfinance) is a national-level wholesale lending microfinance institution licensed by the Nepal Rastra Bank (NRB). The institution officially commenced operations on 8 January 2010 (24 Poush 2066 B.S.) with the objective of expanding financial inclusion by strengthening Nepal's microfinance ecosystem.

Unlike retail microfinance institutions that directly serve individual borrowers, First Microfinance primarily provides wholesale financial support to microfinance institutions (MFIs), including community-based cooperatives, enabling them to extend financial services to economically and socially disadvantaged communities across Nepal.

Through its wholesale lending model, First Microfinance contributes to expanding access to responsible finance for low-income households, rural entrepreneurs, women, and underserved populations while supporting the sustainable growth of Nepal's microfinance sector.

Our Purpose

First Microfinance is committed to improving access to finance and promoting sustainable microfinance services throughout Nepal. By providing wholesale funding and institutional support to partner organizations, the institution helps strengthen financial inclusion and expand opportunities for communities with limited access to formal financial services.

Its financing supports partner institutions in delivering microcredit and other financial services that encourage entrepreneurship, income generation, self-employment, and long-term economic empowerment.

Our Vision

Creating opportunities for low-income people by providing access to financial resources that support sustainable livelihoods and economic empowerment.

Our Mission

To empower people through improved access to finance by strengthening Nepal's microfinance sector and supporting inclusive financial services.

Our Core Values

First Microfinance conducts its operations based on the following guiding principles:

• Sustainability – Promoting long-term financial stability and responsible growth.

• Innovation – Developing effective financial solutions that respond to evolving market needs.

• Integrity – Maintaining transparency, accountability, and ethical business practices.

• Professionalism – Delivering high standards of governance, operational excellence, and customer-focused service.

Capital Structure

First Microfinance has an authorized, issued, and paid-up capital of NPR 1,344.87 million.

The ownership structure consists of:

• 51% Promoter Shareholding

• 49% Public Shareholding

This balanced capital structure supports sound corporate governance while encouraging public participation in the institution's long-term growth.

Promoter Shareholders

First Microfinance is backed by a strong group of institutional and professional promoters, including:

• Global IME Bank

• Prabhu Bank

• Kumari Bank

• Rastriya Banijya Bank

• ICFC Finance

• Renowned bankers

• Chartered accountants

• Reputed business leaders

• Experienced professionals

The combined expertise, banking experience, and professional leadership of its promoters provide a strong foundation for sound governance, prudent financial management, and sustainable institutional development.

Our Commitment

First Microfinance Laghubitta Bittiya Sanstha Ltd. is dedicated to strengthening Nepal's financial inclusion ecosystem by supporting microfinance institutions with sustainable wholesale financing. Through responsible lending, strong institutional partnerships, sound governance, and continuous innovation, the institution contributes to expanding access to financial services for underserved communities across the country.

By empowering partner institutions and promoting inclusive finance, First Microfinance Laghubitta Bittiya Sanstha Ltd. continues to play an important role in advancing entrepreneurship, economic opportunity, and sustainable socio-economic development in Nepal.