BACKGROUND
Embark of the on-going microfinance currently implemented by SLB Bank goes 12 years back when CSD (Centre for Self-help Development) started Self-help Banking Program (SLBP) – a microfinance program, based on Grameen Financial System in September 1993 as a pilot project in three Village Development Committees (VDCs) of Siraha, Saptari and Udayapur districts of Eastern Development Region of Nepal.
CSD/SLBP like other Grameen replication programs also began with the financial support of Grameen Trust, Bangladesh. It received start-up capital (seed money) of US$ 50,000 followed by branch scale-up fund of US$ 6,84,500 for four branch offices namely Lahan, Dhalkebar, Bardibas and Gaushala.
With the professionally competent management team and dedicated staff, the outreach expansion of CSD/SLBP was a success its outreach and financial sustainability.
With an aim to provide the poor women with more sustainable microfinance services and enhance the credibility of the institution, CSD took initiative to promote “Swabalamban Bikas Bank Ltd. (SLB Bank). Towards this, all the CSD-SLBP's microfinance activities along with assets and liabilities amounting Rs. 186.45 million of eight districts namely Siraha, Saptari, Udaypur, Dhanusha, Mahottari, Bara, Parsa and Makawanpur was taken over by Swabalamban Bikas Bank (SLB Bank)" on January 14, 2002 with the purpose of operating microfinance program in a more sustainable and formal way.
VISION
To contribute to establish poverty free prosperous society
MISSION
To uplift socio-economic condition of rural and urban disadvantaged poor by providing easy access to microfinance services.
OBJECTIVES
The primary objective of the Bank 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.
• Raising production and productivity of poor communities by utilizing their skills and resources.
• Providing the poor people with capital to encourage them to undertake productive enterprises.
• Mobilizing rural savings and strengthening credit delivery system to help increase productive assets of the poor people.
• Making the poor communities aware and conscious among the poor communities on the need and importance of self-help development.
