Support Laghubitta Bittiya Sanstha Ltd. (SMB) is a province-level microfinance financial institution established with the objective of providing sustainable financial services to low-income, poor, and marginalized communities, thereby promoting financial inclusion and socio-economic development in Nepal. The institution was registered with the Office of the Company Registrar, Nepal, under the Companies Act, 2063 on 27 Kartik 2071 (13 November 2014) as a Microfinance Financial Institution. Subsequently, it obtained an operating license from Nepal Rastra Bank as Province Level “D” Class Financial Institution for Koshi Province on 15 Ashadh 2072 (30 June 2015) and formally commenced its microfinance operations on 27 Ashadh 2072 (12 July 2015).
The Central Office of the institution is located at Itahari-4, Sunsari District, Koshi Province, Nepal. SMB initiated its operations through its first branch office in Dhankuta District and has gradually expanded its outreach across Koshi Province. At present, the institution operates through a network of 28 branch offices, providing financial services to clients residing in both urban and rural communities. SMB was initially established with an authorized capital of NPR 150 million, with NPR 14 million issued and paid-up as promoters’ investment. Over the years, the institution has strengthened its capital base and currently maintains an issued and paid-up capital of approximately NPR 134.08 million, comprising 60% promoters’ shareholding and 40% public shareholding. The institution offers a wide range of financial products and services, including:
SMB aspires to be a trusted and responsible microfinance institution, creating lasting value for its clients, shareholders, employees, regulators, and the communities it serves.
The mission of Support is to support and strengthen the bottom of the socio-economic pyramid by facilitating easy and responsive access to financial services for the poor, marginalized and disadvantaged to come out of the vicious circle of poverty.
To contribute to establish poverty free prosperous society.
Upscale the financial status of the disadvantaged society of people by providing them with access to micro-finance services and enhance their business skills and grow their enterprises at optimum level.
The objective of Support is to reduce poverty and improve the quality of lives of the landless and asset-less rural and semi urban poor by providing them with diversified financial services.The primary objective of Support is to provide the disadvantaged section of the rural poor with easy access to credit, which will help them to uplift their socio-economic status and make the full use of their existing skills and resources.
The specific objectives include:
Providing credit support to low income people for promoting various income raising activities by mobilizing local capital, indigenous skills and labor.
Support to Raising production and productivity of poor communities by utilizing their skills and resources.
Support the poor people with capital to encourage them to undertake productive enterprises.
Support to mobilize rural savings and strengthening credit delivery system to help increase productive assets of the poor people.
Support the poor communities aware and conscious among the poor communities on the need and importance of self-employment development.
Inputs: Philosophy of Support will be constituted based on the concept, belief and Process: working procedure has to elaborate in details - Observation and study, plan of Outputs: We can find out the result whether the target clients/beneficiaries will have Strategies
Savings first.
Target-based approach in micro financial services.
Support the poor people with capital to encourage them to undertake productive enterprises.
Total services (inclusive of special support) in package to its clients.
Financial discipline is must for micro financial services.
Priorities to women, minorities, Dalits, and Janajaties in micro-finance services.
Non-collateral based lending (group liability) and individual liabilities for special package
Transparent and fast track service delivery approach to its clients.
Services will be conducted through Service Delivery Centers (SDCs).
Lean and smart manpower based organization.
Credit plus approach is endeavored in micro financial services. Support will make its best
Support believes its core value as under for sustainable microfinance services. These are:
Poor are honest and to get micro credit is just like a human right of them.
Savings for future economic strength.
Microfinance for poverty reduction achieved through income generation activities.
Microfinance for collectiveness and community development.
Inclusive financial services without political interference.
Support will not survive without the cooperation of valued customers.
There are innumerable possibilities in our villages and survival skills in human being.
Reflecting Support’s work and in the behavior of each and every team member, our values create strong principles in us:
C= Cost effective and simple
R=Respect for all
E=Exemplary governance
Attitude of the target people, beneficiaries. action, formulation and implementation of the systems. been benefited or how they would get advantage of the programs. program. efforts in coordinating such services to the clients. which leads to peace and prosperity.
A=Accountable and professionalismFinancial discipline is must for micro financial services.
T=Transparency and reliability
I=Innovative
V=Value addition
E=Effective team work and commitment
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