Microfinance is an effective medium to deliver the financial and other social service to inaccessible area and deprived sector people to improve their socio-economic status. It is also an eye-catching and emerging industry for the investors. But it also is being more challenging to provide quick & quality service with low infrastructure level of country, rapidly increasing competition between the service providers, limited recourse with high cost and tough legal and regulatory compliance.
Hence Support Lagubitta Bittiya Sanstha Limited was established at FY 2071/72 by the 65 prominent promoters of all sectors of society and started its service to target people and area from 7th Aswin 2072 after the licensing from Nepal Rastra Bank on 15th Ashad 2072. SBMSL enlarged its equity by 1:2 from its first AGM increasing the commitment of promoters and aiming towards the wider & strength service range of the institute. Now it collected the 30% public share of Rs. 18 million and made its equity of Rs. 60 million.
To want be a tiny part of poverty reducing goal of nation SMBSL is providing a competitive and comprehensive saving & credit service with domestic & international remittance service, financial literacy and social awareness program. We are performing towards the goal widening among the target people and area with very positive way to be a viable & sustainable financial institute through our active, qualified, and dedicated Board of Directors, Management team and personnel squad.
Eventually, I would like to give my honest thanks to The Government of Nepal, Nepal Rastra Bank, conspicuous promoters, attendant board of directors to establish and grow the institute and I don't want to miss appreciate thanks to our resources provider banks & financial institutes for their regular fund providing, hoping to get such co-operation in future excessively. I would express grateful thanks to our members who trust in our products and services and try to make their life happier assuring them to provide more qualitative and customer friendly services continuously. I would like to thanks our colleague staffs for their commitment, dedication and sincerity towards achieving institution’s goal. Last but not least, I would also like thanks to the entire website viewer managing the time to watch and read it.
Thank you.
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