Message From CEO
Over the years microfinance has transformed drastically. Started through an NGO and cooperatives as grass root movement, microfinance is now offered by specialized banks and institutions. Creative Laghubitta Bittiya Sanstha Limited (CLBBS), Nepal is such specialized microfinance financial institution promoted by various social workers, businessman, politicians as well as Job holders.
CLBBS is a new microfinance institution of Nepal that started formal operation from September 2016. Within a very short period it has been able to expand its coverage in two development regions of Nepal. It provides financial services through its branch network established in different parts of the country. But, CLBBS recognize that this traditional model of service delivery would not be sufficient and also would not bring scale fast enough. So it intends to use information communication technology (ICT) to serve existing customer better and reach new customer.
CLBBS is aware about the client protection, social performance and sustainability issues. It will continue to work in increasing financial inclusion and creating benefits for the clients. It will design/refine its products, services, delivery models and channels that meet clients need and preferences.
There has been tremendous change in microfinance sector over the years. Subsidized to commercialization, solidarity to individual lending, microcredit to microfinance, NGO to diverse suppliers, self regulation to prudent regulation are some of the changing trends seen in recent days. The government, central bank, policy makers, practitioners and others associated with microfinance development need to act in line with the changing trend in microfinance so that a sustainable and responsible financial system for the poor goes on smoothly.
I would like to express my sincere thanks and gratitude to Nepal Rastra Bank, Government of Nepal, Board of Directors of CLBBS and other concerned institutions who helped us to establish and grow. I hope to receive such cooperation in coming days too. Thanks to our client who believed in our products and services and trying to come out of poverty through our services. I assure them qualitative and customer friendly services in future too. I would also like to thank our staffs for their commitment and sincerity towards achieving institution’s goal.
Debendra Bahadur Shah