NESDO Sambridha Laghubitta Bittiya Sanstha Limited was established in 1995. It was formerly known as National Educational and Social Development Organization (NESDO, Nepal) as a non-profit making, self-governed, autonomous, continuous legatee Micro Finance Institution, Knowing the fact that the state only cannot address the issues of gender, caste community at all levels. NESDO Nepal was established in 2051B.S (1995) to assist the state in addressing gender, caste, community issues by empowering the community by giving emphasis on income-generating activities of the poor, Dalit, Janajati, destitute, minority which resulting eradication of poverty. Achievements of such aim are possible through implementation of various community-level programs and Microfinance program that aims to assists the national development by utilizing the local recourse.
The Principle objective of NESDO Sambridha Laghubitta is to help reduce poverty through employment generation. Starting with Microfinance Program NESDO Nepal has diversified its portfolio over the years. This program aimed at helping the poor to gain access to finance and trade training so that they undertake income-generating activities while creating mostly self-employment. In recent years emphasis has been on enterprise development and various assistance to raise client’s financial abilities, education, entrepreneurship, health, etc.
In other words, NESDO Sambridha Laghubitta is now seeking to promote integrated development in which financing is an important element. At Present NESDO Nepal Providing Microfinance Services to 77 thousand, ultra-poor families reside in the remote hilly area of Nepal through its fifty-six branch offices located in the 12 districts.
NESDO Nepal has been registered under Institution Registration Act-2034 in District Administration Office Parbat. It is also affiliated with Social Welfare Council. NESDO Nepal for its microfinance activities gets licensed under the Financial Intermediary Act-2055 from Nepal Rastra Bank (The Central Bank of Nepal).
NESDO Sambridha Laghubitta offices have been established in suitable localities making available hassles-free service to the clients at their doorsteps. NESDO Nepal will continue to keep reforming its programs and activities according to the changing necessity of the clients so as to support and strengthen the economy at the bottom level of the socio-economic pyramid. As we all know that Microfinance playing a crucial role in poverty reduction. At present NESDO Nepal is able to provide Microfinance services to more than 77 thousand ultra-poor families reside in the remote hilly area of Nepal through its 52 branch offices located in 11 districts.
Over the years more than 8000 thousand clients graduated as micro-entrepreneur, which itself a great achievement for NESDO Nepal. In this financial year, 2073/2074 member enrollment is quite good and the total member enrolled till now is 77300 and the total number of borrowers is 47035 . Generally rural poor do not have any access to the formal financial organization, ironically because of their poverty. Since its inception in 2052(1995) NESDO Nepal has consistently been trying to address such poor people.
NESDO Nepal’s Microfinance Program provides financial inclusion offerings appropriate assistance to help the lower-income segment, economically disadvantaged, marginalized community and helping them improving their socio-economic conditions and in turn reducing poverty. NESDO has concentrated on transforming its products and services into more clients’ friendly and responsive initiatives to the target people.
Major Input In Society:
- Creating Employment opportunities in society.
- Providing loan facilities in a simple way.
- Providing micro insurance facilities.
- Creating awareness in communities about Education, Health & Sanitation.
- Encouraging communities for Income generation activities and saving Mobilization.
- Providing Remittance Services.
- Support in Human resources Development and Local Resource management.
- Reduction in unemployment in the local area.
- Employment creation and Increase in Income generation activities.
- Participation of Dalit, Janajait women in the decision-making process.
- The living standard and economic condition of the ultra-poor increased.
- Increases access to banking services facilities.
- Reduction in economic exploitation by indigenous money lenders at the local level.
- Heath, Education, and sanitation condition of the people increases.
- Increase participation of local communities in Natural resources management and preservation.
- Increase in the social-economic status of rural women.
- Involvement of women in self-employment sector.
- Increase in School enrollment of Girl Child.
- Reduce in Child Labor in Hazardous industries.