Nirdhan Utthan Bank Limited

Organization Name

Nirdhan Utthan Bank Limited

Chairperson

Mr. Ganesh Bahadur Thapa

Executive Director

Dr. Harihar Dev Pant

Contact Address

Nirdhan Utthan Bank Limited

Himali Path, Siddharthanagar - 7

Bhairahawa, Rupandehi

Phone: 00977-71-523764 / 527299 / 523768

FAX: 00977-71-521647

Email: nirdhan@bcci.com.np

www.nirdhan.com

Organizational Synopsis:

“Nirdhan” which means “people without money” was created in April 1991. Nirdhan began its microfinance operation in March 1993 and obtained a limited banking license from the Central Bank of Nepal in 1994. Under its limited banking license, it was permitted to mobilize voluntary savings only from its members/clients. In November 1998, Nirdhan Utthan Bank Limited (NUBL), “the bank for upliftment of the poor”, was registered as a company. In April 1999, The Central Bank granted a license to NUBL to undertake banking activities under the Development Bank Act of 1996. In July 1999, Nirdhan NGO transferred all microfinance operations to Nirdhan Utthan Bank Limited. As its mission statement explains, NUBL is a real market player in the microfinance sector and governed by banking laws of Nepal that really make some sense. Its parent organization Nirdghan NGO is looking after the social development issues they encounter while handling rural and poor borrowers. Their products are very simple as a like a formal bank and insurance company: savings, loans and insurance. But the non-financial service their parent organization is offering to their clients is entrepreneurship development training that also makes sense. They really are creating base for their investment that means they mean business. 'Nirdhan Social' is planning to expand its area on primary education, technical education for youth/adults, and health insurance too in the near future.

Organization Details

1

Legal Status

Micro Finance Development Banks

2

Established Date and Place

November 1998

3

Geographical Focus Area Area (Hill, Mountain & Terai)

Exclusively focus on rural area with un-served and under-served semi urban and urban area too.

4

Mission Statement

The mission of Nirdhan Utthan Bank LTD. is to extend financial services and social awareness to the poor in under-served and unserved areas of Nepal in a sustainable manner.

 

5

Strategies and Interventions

a. Financial Services

b. Non-financial services

Financial Services: Savings, Loans and Micro Insurance, Remittance

 

Non-financial services: Nirdhan NGO, the parent organization has been working in the same region and providing entrepreneurship development training to its clients through supporting organization. Nirdhan NGO is planning to expand its area on primary education, technical education for youth/adults, entrepreneurship training, and health insurance

 

Target Clients

Nirdhan Utthan Bank recruits new clients who fit the following targeting criteria for its group based financial services:

  • Own less than .25 hectares of irrigated land or less than .5 hectares of un-irrigated land per five-person family.

  • House must not have cement walls or ceiling (pucca house).

  • Permanent residents of area.

  • No family members employed in the formal sector.

  • No current loans from other financial service providers.

 

Products and Services

Loan
  • General Loan

  • Seasonal Agriculture Loan

  • Seasonal Business Loan

  • Tube-Well

  • Sanitary Loan

  • Housing Loan

  • Microenterprise Loan

  • Biogas Loan

  • Foreign Employment Loan

  • Education Loan

  • Emergency Loan

 

Saving
Savings to Group members
  • compulsory saving,

  • voluntary saving,

  • centre fund savings

  • recurring savings.

 

Savings to General Public
  • Easy Saving

  • Special Savings

  • Employee Saving accounts

  • Recurring deposit

  • fixed deposit

 

Micro Insurance

Livestock Insurance

Micro-life Insurance (Grameen Karza Beema)

 

Remitance Service

Coverage

1

Number Of Branch Offices

92

2

Number Of Area Offices

5

3

Number Of Districts Covered

37

4

Number of VDCs Covered

813

Loan Account ‘000

1

Loan Disbursed

Rs. 12,233,007

2

Loan Repaid

Rs. 10,220,810

3

Loan Outstanding

Rs. 2,012,197

 

Saving ‘000

1

Loan Disbursed

Rs. 414,239

2

Loan Repaid

Rs. 185,675

3

Loan Outstanding

Rs. 34,297

4

Total Saving

Rs. 634,211

Information On Groups

1

No. Of Active Clients

147,845

2

No. Of Loan Clients

98,965

3

No. Of Personal Saving Holders

146,111

4

No. of Groups

25,431

5

No. Of Centers

6,199

Information on Staffs

1

Total Staff (Excluding Trainee)

465

2

Of Which No. Of Female Staffs

76

3

Number Of Trainees

0