Welcome to Nepal Agro Laghubitta Bittiya Sanstha Limited.
Nepal Agro Laghubitta Bittiya Sanstha Limited (Nepal Agro Microfinance Bittiya Sanstha Ltd.) was established on 19th April 2016 (2073/01/07), It is registered as a public limited company under Company Act of Nepal 2006 and its registered code number is 148055/072/073. Nepal Agro Laghubittia Bittiya Sanstha Ltd. received operating license from Nepal Rastra Bank (the Central Bank of Nepal) as D class financial institution on 8th September, 2016 (2073/05/23) to operate under Bank and Financial Institution Act, 2006. It's operation started from 20th September 2016 (2073/06/04). Central Office of Nepal Agro Laghubitta is located in western part of Nepal, Pokhara, Kaski and it's working districts as of now are Kaski, Parbat, Baglung, Gulmi, Palpa, Salyan, Pyuthan, Rolpa, Tanahu and Lamjung.
Nepal Agro Laghubitta 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), and focusing on agriculture sector as named. Nepal Agro Laghubitta aims to work as a self-sustained financial institution and serve a maximum number of the rural poor and deprived Clients through delivery of microfinance services at the grassroots level.
Message from Chief Executive Officer
On behalf of the entire Nepal Agro Team I would like to welcome you to Nepal Agro Laghubitta Bittiya Sanstha Ltd (Nepal Agro Microfinance Bittiya Sanstha Ltd). Nepal Agro Laghubitta was established on 19th April 2016 under Company Act of Nepal 2006 as a public limited company. Nepal Agro Laghubitta received operating license from Nepal Rastra Bank (the Central Bank of Nepal) as D class financial institution on 8th September to operate under Bank and Financial Institution Act of Nepal. Bank operation was started from 20th September 2016.
In Nepal the economy is dominated by agriculture. Agriculture is the main source of food, income, and employment for the majority of the population. To increase the agricultural production and diversify the agricultural base, the government focusing on irrigation, the use of fertilizers and insecticides, the introduction of new implements and new seeds of high-yield varieties, and the provision of credit.
As the name suggest Nepal Agro Laghubitta focuses on upgradation of farming in the respective working area through financial support and educate them to visit the door of government for agricultural support. We encourage them in different way like if someone has 2 buffalo we motivate them to increase the number to 4 buffalo and provide them loan and required training at local level. We are basically working on changing the conventional farming system of farming to modern commercial system of farming. We offer farmers 3 months of grace period so that they only have to pay interest not the principle for 3 month . We help them to connect for insurance to save their agriculture production as well. As the norms of microfinance, Nepal Agro Laghubitta never forgets the ultra-poor for microfinance services in remote places of working areas.
Banking is one of the most secure financial institutions. A solid foundation on which we will build one of the nation's premier microfinance institutions by always creating mutually beneficial relationships with all our stakeholders; Customers, Shareholders, Regulators, Communities, Staff and Bank and financial institutions who offer deprive sector loan for us.