Swabhimaan Laghubitta Bittiya Sanstha Limited (SMFBS) registered as a public limited company in August 17, 2016 and received the operation license in May 09, 2017 from Nepal Rastra Bank to function as a “D” Class financial Institution and intend to achieve the success to establish itself as a strong & reliable microfinance institution in Nepal. It has working license in Lumbini province. (Rupandehi, Kapilvastu, Palpa, Salyan, Rolpa, Pyuthan, Nawalparasi, Gulmi, Arghakanchi, Dang, Banke and Bardiya)
The main function of this institution is microfinance transactions. As a micro finance institution, the SMFBS will be working continuously with the prime objectives of financial access and financial inclusion, hardship and suffering of the low income people throughout its working area by providing them micro finance services. The unique traits of institution are well defined target group (especially women), area approach, group based lending, collateral lending etc. It also provides remittance services. Its main financial sources are individual member’s savings, group savings, borrowings from financial institutions and shareholders’ equity.
In order to achieve its goal, SMFBS will be working through micro credit services and capacity development program for the community. Moreover, it has followed the Grameen Bank Model started by Prof. Muhammad Yunus in Bangladesh.
The central office of this institution is located at Tilottama municipality-5, Manigram, Rupandehi District, Nepal. It has been operating through 34 branches located at different places of 8 districts.
This organization is established and promoted by the 15 renowned people with long experience in financial institution and leadership, and a National level Commercial Bank. Prime Commercial Bank as a institution has the major shares in this institution. The authorized capital of SMFBS is Rs. 1300 million, paid up capital is 12.17 million and issued capital is 12.17 million.