Sparsha Laghubitta Bittiya Sanstha Limited (SLBSL)

Introduction

Sparsha Laghubitta Bittiya Sanstha Limited (SLBSL), is a D Class licensed Microfinance Institution from Nepal Rastra Bank, Promoted by GlobalIME Bank Nepal Ltd(Janata Bank), Mega Bank Nepal Ltd and various reputed Businessman/Social worker/Professor etc.

It is D Class licensed by Nepal Rastra Bank, having 10 mountainous districts as working area. It is Registered as a Public limited company in 2073/11/04, SLBSL has started its microfinance operation from 2074/03/29 after getting the license from Nepal Rastra Bank to operate as a “D” class financial institution as per Bank and Financial Institution Act 2003.

Incorporation Sparsha Laghubitta Bittiya Sanstha Limited (SLBSL) is incorporated as a limited company under company Act 2063 and licensed by Nepal Rastra Bank as “D” class financial institution having 10 mountainous districts to operate under Bank and financial institution Act 2003.

Goals & Objectives

Goals:

• Will be serving at least 1 million people with 100000 active members within 5 year. Will be also working as bridge & initiator of development in these districts
• Will be developing & promoting few famous tourism destinations cultures & event 5 years down the line
• Will be helping to construct the community projects including micro-hydro & other infrastructure
• Will be helping to be easy excess on remittance & Life Insurance

Objectives:

To empowering rural people for attaining self-sustaining socio-economic uplift through a package of policy research, action research, and training.

Its specific objectives are to:

• participation for women and underprivileged section of the societies
• Provide micro-finance services in rural area
• Social mobilization to sensitize and capacitate communities through community organizations
• Act as an intermediary between development programs of government, NGOs, bilateral and multilateral projects and local.
• Enhance the capabilities of Community based organizations by organizing appropriate training and involving them as partners in development intervention process
• Organizing different skills training programs for disseminating improved technology in tourism, agriculture, livestock and off-farm activities
• Provide support services to local institutions for the development of agriculture, irrigation, drinking water, cottage and rural industries, forestry, and alternative energy and encourage them to undertake feasible and appropriate enterprises
• Promote equal access to opportunities, resources, ownership
   

Mission & Vision

• The core mission of the back is to reach to unreached for inclusive banking.
• Reach for unreached for sustainable development.
• Economic promotion & Livelihood improvement
• Social development
• Natural Resource Management
• equal distribution of resources
• Social mobilization to sensitize and capacitate communities through community organizations development
• Work for
  1. low-income households
  2. lack assets for collateral
  3. usually self-employed in the informal sector
  4. engaged in economic livelihood activities

Equity And Funding

It is Promoted by Mega Bank Nepal Ltd, Janata Bank Nepal Ltd and various other professional individuals. Hence, 16.49% promoter share is held by GlobalIME Bank Nepal Ltd, 16.49% Promoter Share is held by Mega Bank Nepal Ltd and 35.50% promoter share held by 75 professional individuals and remaining 30% to be issued through IPO for staff & general public.