Introduction of the Nerude Laghubitta Bikas Bank Ltd.
Nerude Laghubitta Bikas Bank Ltd. is registered under the "Company Act 2063" with the Company Registrar's office of Nepal as a micro-finance institution 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).
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.
Nerude has been implementing Micro finance Program in 15 districts of Nepal, i.e. Sunsari, Morang, Jhapa, Siraha, Saptari, Udayapur, Sindhuli, Ilam, Dhankuta, Dhanusha, Mahottari, Sarlahi, Rautahat, Terathum, & Bara districts. Its program is women focused micro-financing program based on Grameen Bank Financial System of Bangladesh.