Overview:

Reliable Microfinance Bittiya Sanstha Limited (RMBSL), a microfinance subsidiary company of Reliable Development Bank Limited licensed by Nepal Rastra Bank (Central bank of Nepal) with ten districts Dolpa, Mustang, Manang, Lamjung, Gurkha, Dhading, Nuwakot, Rasuwa, Kavrepalanchowk, Ramechhap, registered as a public limited financial institution in March 2013 and started microfinance operation with its Head Office in Beshishahar, Lamjung from 15 May 2013  after getting license from Nepal Rastra Bank to operate as a “D” class financial institution as per Bank and Financial Institution Act 2003.

Equity:

The authorized capital of RMBSL is Rs. 80 million out of which Rs. 40 million has been issued. It is a subsidiary company of Reliable Development Bank Limited, thus the promoter share is held 100% by Reliable Development Bank Limited. The initial share distribution is as under.

 Reliable Development Bank Limited     70%

General public including staff- to be issued through IPO      30%

  

Vision:

Improve the income level and quality of life of women’s & underprivileged peoples specially focusing on hygienic and balanced food, better clothing, affordable housing and, basic education (vocational trainings, skill oriented programs). 

Mission:

We are committed to provide customer friendly financial products and services to the poor and disadvantaged community and promote economic activities in un-served and underserved areas of Nepal in a sustainable manner by increasing purchasing capacity of peoples by curtailing the .various levels of brokers’ commission through making available produce directly from Farm to Family (F2F).

 

Program Objective::

  1. Motivating the women’s and underprivileged peoples for recurring saving.
  2.  Educate and train the community people for commercialized farming.
  3. Motivating the youths (employed in foreign soil) to retain in home-country utilizing their skills and muscles.
  4. Provide financial supports and various technical consultancy services (Agriculture, Engineering, IT, Accounts, Marketing and Management) to the women’s and underprivileged peoples.
  5. Develop various micro-entrepreneurships in the community and locality encouraging people for community based integrated farming
  6. Assisting the community peoples for the establishment of various agro-based projects like cold-storage, slaughter-house, and refrigerated-transportations systems.
  7. Assist community peoples to import the various agro-processing machineries from abroad.
  8. Attempt to establish farming as a prestigious profession in Nepal

Events

 

 

 

Qucik Link

Board of Directors

The Board of Directors, comprise of all representatives from Reliable Development Bank Ltd. The current Board of Directors of Reliable Microfinance Bittiya Sanstha Ltd are;

Chairman: Mr. Narayan Babu Lohani

Director: Mr. Narayan Bist

Director: Mr. Dipesh Babu Tiwari

Director: Mr. Gobinda Pd. Dhungana

Director: Mr. Prem Raj Pandey

 

 

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