Introduction

Introduction

Chhimek Laghubitta Bittiya Sanstha Ltd. (CLBSL)is a leading micro-finance institution providing access to finance to more than 300,000 poor and marginalized women members in 63 districts through 126 branches across Nepal.

Incorporated in December 2001, CLBSL received micro-finance banking license from the Nepal Rastra Bank, Central Bank of Nepal, in January 2002. CLBSL is an offshoot of the micro-finance operation implemented since the ‘90s by Neighborhood Society Service Centre (NSSC), a national level NGO, in the central Terai districts of Mahottari and Chitwan in central Nepal.

CLBSL has an overarching aim to improve access to financial services of the poor and marginalized women members. It strives to promote culture of saving, encourages income generation, supports micro-enterprises development and provide social security services to its member.

Starting with a humble paid-up capital of NRs 10 million, core fund of the bank has increased nearly 100 times by the end of 2017. Similarly, deposits and lending have increased by approximately 2026% and 506% respectively in this period.

CLBSL is promoted by leading commercial banks and Neighborhood Society Service Centre (NSSC) and individual shareholders. The company is listed in the Nepal Stock Exchange (NEPSE) as CBBL.

The ownership structure of the company is as follows:

Nabil Bank Ltd (11.98%)
Bank of Kathmandu Lumbini Ltd (11.98%)
Himalayan Bank Ltd. (11.98%)
Neighborhood Society Service Centre (19.53%)
Individual shareholders (14.53%)
Public Shareholders (30%)

CLBSL has been providing value added services to its members since its inception (Click here to view products and services).

CLBSL believes in multi-layered and targeted interventions to address the causes of poverty amongst its members. Hence, an enabling eco-system of institutions have been promoted in order to provide business development services to the members and improve access to quality education to the wards of the members. Click here to view the Chhimek Plus.

CLBSL partners with Central Bank of Nepal, Government of Nepal and its line ministries and development agencies to improve access to finance to poor and marginalized women in Nepal. Current partnership with UKAid/DFID and UNNATI/UNCDF are geared towards adopting innovative IT based micro-finance distribution channels to improve access to micro-finance in general and value chain development products and services to reach the unreached across Nepal.