Forward Microfinance Laghubitta

About Forward Microfinance Laghubitta Bittiya Sanstha Ltd. (FCMFBSL)

Introduction

Forward Microfinance Laghubitta Bittiya Sanstha Ltd. (FCMFBSL) is a national-level Class 'D' microfinance financial institution licensed and regulated by the Nepal Rastra Bank (NRB). The institution was incorporated on 13 September 2012 (28 Bhadra 2069 B.S.) under the Companies Act, 2063 (2006) and received its license to conduct financial transactions from Nepal Rastra Bank on 19 March 2013 (6 Chaitra 2069 B.S.). It officially commenced microfinance operations on 17 May 2013 (3 Jestha 2070 B.S.).

FCMFBSL was established with the objective of expanding financial inclusion, empowering underserved communities, and improving the socio-economic conditions of low-income households through sustainable and responsible microfinance services.

Our History

The foundation of Forward Microfinance Laghubitta Bittiya Sanstha Ltd. is rooted in the successful microfinance initiatives of Forum for Rural Women Ardency Development (FORWARD), a non-governmental organization that began providing microfinance services on 15 Poush 2059 B.S. (December 2002).

The vision behind the institution dates back even earlier to 18 Baisakh 2052 B.S. (May 1995), when Late Mr. Dinesh Chaudhary, the Founder and Executive Director of FORWARD, envisioned an organization dedicated to serving poor, marginalized, and backward rural communities through inclusive financial services and community empowerment.

Building upon years of grassroots experience, FCMFBSL was established as a regulated microfinance institution to continue and expand this mission on a national scale, providing sustainable financial services to economically disadvantaged populations throughout Nepal.

Our Vision

To become a leading and trusted microfinance institution that promotes financial inclusion, empowers underserved communities, and contributes to sustainable socio-economic development across Nepal.

Our Mission

To provide accessible, responsible, and sustainable microfinance services that improve the livelihoods of low-income households, promote entrepreneurship, encourage financial inclusion, and empower rural communities through economic opportunity.

Our Objectives

Forward Microfinance Laghubitta Bittiya Sanstha Ltd. is committed to:

• Expanding access to formal financial services for underserved and financially excluded communities.

• Empowering low-income households through responsible microfinance and inclusive banking.

• Promoting entrepreneurship, self-employment, and income-generating activities.

• Encouraging savings, financial literacy, and responsible financial management.

• Supporting women’s economic empowerment and community development.

• Delivering sustainable financial solutions that contribute to poverty reduction and long-term economic resilience.

• Maintaining high standards of corporate governance, transparency, and regulatory compliance.

Our Commitment

Forward Microfinance believes that access to financial services is a key driver of inclusive growth and sustainable development. The institution remains dedicated to providing customer-focused microfinance solutions that enable individuals, families, and small entrepreneurs to improve their livelihoods and achieve greater financial independence.

Guided by the founding vision of community empowerment and social responsibility, FCMFBSL continues to strengthen Nepal's microfinance sector through responsible lending, ethical banking practices, innovation, and continuous service improvement.

Why Forward Microfinance?

Forward Microfinance Laghubitta Bittiya Sanstha Ltd. combines years of grassroots development experience with regulated microfinance expertise to deliver reliable financial services across Nepal. By focusing on financial inclusion, women's empowerment, entrepreneurship development, and sustainable community growth, the institution continues to create opportunities for underserved populations while contributing to Nepal's long-term economic and social development.