Civil Laghubitta Bittiya Sanstha Limited (Nepali: सिभिल लघुवित्त वित्तीय संस्था लिमिटेड) is a Subsidiary Company of Civil Bank Limited. CLBSL was incorporated as a public limited company in 2011 under the Companies Act of Nepal. The Company got the business operating license from Nepal Rastra Bank to conduct micro-finance activities as a ‘D’ class financial institution in April 2012. The Company started its operation from July 2012. The Company has its registered Head office at Chabahil, Kathmandu, Nepal.
Civil Laghubitta Bittiya Sanstha Limited has been incorporated with an aim to provide qualitative and reliable financial services in a healthy competitive environment. Its primary goal is to provide financial tools and resources in the form of micro-credits for establishing, running, developing, expanding as well as enhancing the capacity and productivity of potential productive sectors from the business point of view. Its aim is to effectively regulate the available competency, labor and capital in the rural sector to establish, run, develop, expand as well as promote products and employment-generating business and actively participating & helping in eliminating poverty.
CLBSL focuses on helping the women and unemployed youngsters of the rural sector for improving economic and social status through microcredit, training and public awareness. Its main focus is on uplifting the lifestyle of the people of the deprived sector who have very little access to banking facilities and helping for the overall development of the economic sector of the country as a whole.
By eliminating the risk and the hazards involved in micro-financing in Nepal, CLBSL has been prominent in providing secure and quality micro-financial services to the people of the deprived sector through microcredit, micro-enterprise loan and other loan and saving schemes as well as other services, the main objectives of Civil Bank. Microfinance Bittiya Sanstha Limited are as follows:
- To fulfill the deficit requirement of money of the microfinance sector
- To provide microfinance as a retail business partner to the clients and empowerment of marginalized group, poor, extremely poor and socially disadvantaged people to create small and cottage industry
- To promote micro-small enterprises in rural areas
- To develop banking saving habit amongst rural people, generate savings mobilize for its best utilization
- To provide alternative financial services to clients such as remittance services, insurance products, etc.
- To generate employment through self-employment approach
- To support government poverty reduction strategy
- Finally to provide maximum profit to its stakeholders