NESDO Sambridha Laghubitta Bittiya Sanstha Ltd is Promoted by National Educational Social Development Organization, NESDO Nepal along with 82 Promoters. NSLBSL was incorporated under Company Act-2063 as a Public Limited Company with the mandate to operate as a “D” Class National Level Micro finance Institutions within the frame work of The Bank Financial Institutions Act (BFIA)-2073. NSLBSL Started its operation from 21 Falgun 2075(5th March 2019).When I talk about NESDO Sambridha Laghubitta Bittiya Sanstha Ltd, it will be unfair if I will not remember NESDO Nepal, when I look back ,It reminds me, in what difficult situation NESDO Nepal started its journey from a remote Village of Parbat districts of Nepal called Bajung, birth place of Mr. Bishwa Prakash Prasai ,founder chairperson . After completing his graduation in Law he and with his 27 friends decided to registered a NOG Named NESDO Nepal with an objective to serve the poor, marginalized community of Nepal. Over the years NESDO Nepal has been able to overcome difficulties it faced and developed many economic, social and safety nets, service dedicated to towards improving the socio-economic conditions of the poor people. NESDO Nepal as its very nomenclature is likely to denote is an organization primarily devoted to create or assist in employment opportunities or income –generating activities in the remote hilly rural area of Nepal.
NESDO Nepal realizes that the poor of the country are in the poverty circle because of the Inheritance of some socio-economic realities. Reduction of poverty cannot be achieved merely by making funds available. Funds have to be used for purpose that will enable them to fight it back with some realistic plans. The fundamental principle on which the birth and growth of NESDO Nepal was conceived relate to the improvement of the lives of the poor reside in the remote hilly area. Looking back at the time span of more than two decades of its operation, we fell that NESDO, Nepal had been in the right track and could make some valuable and lasting contribution for the lives of the poor. NESDO Nepal has emerged as the leader in Micro finance in the hilly area for its innovative and vision –oriented ideas and for the passion that its personnel inject into implementation of the program. Naturally, our sincere efforts have earned commendations from the people we target to serve, from the development partners, government agency, who put trust in us and we try to honor the trust with our utmost commitment.
I feel delighted to share the fact that the Microfinance activities of NESDO Nepal transferred to NESDO Sambridha Laghubitta Bittiya Sanstha Ltd on 21th Falgun 2075(5th March 2019). In a short span of time, I fell happy for NSLBSL the successful mileage that we have traveled in the last financial year 2077-078. This does not signify our absolute self-gratification. To keep the process of poverty reduction going and for the sustainability of its achievements NSLBSL will address issues that are more social, like health, education. Sanitation, Hygiene because there are interrelated with efforts of curbing poverty.
I want to note that the success of NESDO Sambridha Laghubitta Bittiya Sanstha Ltd will be a collaborative achievement that will establish this organization as the most esteemed player in the comprehensive transaction of micro finance in Nepal. I do humbly acknowledge the services rendered by my colleagues at every level of the organogram, the assistance and cooperation from the Promoters, Regulatory Authority, and Financial Partner who put in us their trust.
We left behind financial year 2077/078, as NESDO Sambridha Laghubitta Bittiya Sanstha Ltd able to reach 78 thousands ultra poor families through our 56 branch offices located in 17 districts with passionate and caring financial services. We are committed to reach more helpless people as well as more remote area with more crucial services for the common mass in the coming year.
We believe that our Promoters, Shareholders, friends, partners and well-wishers will continue to extend their support in 2021 (2078/079) and in the future as well.
Thanking You All
MS. Sabitri Khatri Chhetri
NESDO Sambridha Laghubitta Bittiya Sanstha Ltd