Introduction - Laxmi Laghubitta Bittiya Sanstha Limited
Laxmi Laghubitta Bittiya Sanstha Limited (LxLB), a microfinance subsidiary of Laxmi Bank Limited (a commercial bank of Nepal), is a national level microfinance institution licensed by Nepal Rastra Bank, the central bank of Nepal. It is the principal microfinance foundation to be enrolled as an auxiliary of a business bank in Nepal. Enrolled as a constrained organization on 30th November 2010, LxLB got working permit from national bank as "D" class (National Level) money related foundation on sixth March 2012 to work under Bank and Financial Institution Act 2003. It began formal microfinance activity from June 4, 2012 from its first branch office situated in Battar, Nuwakot.
As an expert microfinance establishment, LxLB has created client neighborly monetary items and administrations and plans to achieve vast number of customers in un-served and underserved zones. It centers around job business, smaller scale venture and little and medium scale endeavors with a plan to profit and enable the low pay gathering of Nepal. The Program standard of LxLB incorporates:
- Scaling up to accomplish the objectives of effect and maintainability;
- Operating under market substances including charging a market based loan fee and full cost recuperation; and
- Regular checking and assessment to enhance program quality and measure the effect on customers.
LLB has its Head Office in Kathmandu, Nepal and gives micro-finance administrations to low salary amass through its branch workplaces situated in various parts of the nation.
For the most part LLB builds up branch system to market and deal its item and administrations through the branch workplaces. Be that as it may, LLB understand this customary model of administration conveyance would not be adequate and furthermore would not bring scale sufficiently quick. It plans to utilize innovation to create elective conveyance channel. It will utilize versatile micro-finance managing an account (M-saving money) to serve existing client better and achieve new client.
The paid of capital of LLB is Rs. 220 million. The conveyance is as under:
- Laxmi Bank Limited - 70%
- General open including staff - 30%
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