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Microfinance Institutions have made tremendous strides in Nepal over the years and it has become a household name in view of the multi-pronged benefits received from microfinance services by the deprived sector especially women folks. It is emerging as integrated and effective services for the development of disadvantaged group of communities. More than eighty percent of Nepali people live in rural/semi rural areas. Twenty Five percent of population in Nepal lives below poverty line. In this context, access to financial services for the deprived and disadvantaged community people is paramount.


People especially living with poverty at the marginal level are deprived of accessing financial services for startup or the promotion of income generating activities. It is a challenge of today to provide with sustainable financial services to the people of the rural/semi rural communities for their livelihood. In Nepal, NGOs were also used as financial intermediary institutions for operating microfinance finance services. Till date, all of the FI-NGOs engaged in microfinance services have been converted to “D” Class Microfinance Finance Institutions under Bank & Financial Institution Act-2073. As such, Nepal Rural Development Organization (NeRuDO), the pioneer FI-NGO of Nepal which was promoted by Grameen Trust of Father of Microfinance Prof. Mohammed Yunus with soft loan of US$ 20,000 and technical services in 2054 B.S.as his first international endeavor, has also been converted into a ‘D’ Class MFI under banner of “RastraUtthanLagubittaBitiiyaSanstha Ltd. (RULBSL)” as per the directive of Nepal Rastra Bank (NRB) under Company Act-2063 and BAFIA-2073 and continuing microfinance services in the said new name and status since 2075.11.08. The registered office and headquarter of this National Level Microfinance Bank is located at Sanga, Banepa -13, KabhrePalanchowk, 20 k.m. east from Kathmandu.