Introduction of Institution:
Kisan Laghubitta Bittiya Sanstha Ltd. is a national level microfinance institution licensed by Nepal Rastra Bank, the central bank of Nepal. It is a microfinance institution is incorporated as a public limited company with registration no. 206976/2075/76 on 2075-10-07 B.S. at Company Registrar Office of Government of Nepal under Companies Act 2063.
It started formal microfinance operation from 2075-11-03 from its first branch office located in Bhajani, Kailali. The company has been registered in Inland Revenue Department vide registration number 606583110 (PAN).
Main promoters of this company are non resident Nepalese, Bankers, retired government employee or national & international businessman. The main objective of this company is to provide micro-finance services such as Loans, Deposits, Micro-Insurance and Remittance services to low income families of Nepal such as low income households, assets-less, unemployed people.
Now just within 6 months period it has completed merger among two more well established microfinance company named Creative Laghubitta Bittiya Sansta Ltd & Ramaroshan Laghubitta Bittiya Sanstha Ltd.. And has gone on profit. Now one more mutual of understanding (MOU) has done for merger among national level microfinance Divya Laghubitta Bittiya Sanstha of Kavre and well established, fast growing, pioneer of Tablet banking Kishan Micro finance.
It has planned to introduce a high technology to minimise cost and fast service within a short period of time. Its capital will be 100 million after merger, right issue and further public issue. Just after merge it has 100 thousand members; 400 million loan outstanding with more than 130 branches located all province of Nepal. Recently NRN microfinance has been awarded by province level financial summit 2076, as a first microfinance for outreach largest transaction in far-western within a short period of time.