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BACKGROUND
Nerude Laghubitta Bikas Bank Ltd. is registered under the "Company Act 2063" with the Company Registrar's office of Nepal as a micro-finance development bank in Biratnagar, Morang district. The registered code number of this organization is 989/063/64 dated March 4, 2007 (2063.11.10 Bikram Era). Nerude came into existence in May 23, 2007 (2064.02.09) with the establishment of its central office at Biratnagar in Eastern Region of Nepal. The Nepal Rastra Bank (NRB) has given the license for operating the transactions. The license number is "D" 12/063/64.
Nerude Laghubitta Bikas Bank Ltd., established in 2007 with the objective of uplifting the socio-economic status of rural poor, has initiated micro-financial services and community development activities to female group members by replicating the basic approach of Grameen Bank Financial System of Bangladesh (GBFS).
VISION
The NERUDE's vision is to make this bank a leading and capable financial institution in microfinance sector to serve the poor people in Nepal for breaking to the vicious circle of poverty.
MISSION
The NERUDE's mission is provide financial services to the poor and deprived people at their door through group approach in sustainable manner.
GOAL
The goal of NERUDE's is to work as a self-sustained financial institution and serve a maximum number of the rural poor and deprived through delivery of micro-finance services at the grassroots level.
OBJECTIVES
The general objectives are to facilitate the poor people with:
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Credit for creating opportunities and generating income by mobilizing local resources.
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Micro savings program for creating financial resources and for strengthening the credit transaction capabilities of its clients.
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Extension services in the field of agriculture and small enterprises for modernizing their occupation and making their activities viable and sustainable.
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Opportunities for overall social development together with raising their awareness about the undesirable socio-cultural and blind traditional practices.
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