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INTRODUCTION

                    

Chhimek Bikas Bank Ltd. is a micro finance development bank. It provides microfinance services to the poor, the marginalized and the deprived, with main focus on woman living below the poverty line. It was registered with the company Registrar’s Office in December 2001 under Company Act 2053. It obtained license in January2002 from Nepal Rastra Bank as per Development Bank Act 2052. It got banking model from NSSC (Neighborhood Society Service center). When the government applied Intermediary Act, the bank started its micro credit program with the technical support of NSSC. Neighborhood Society Center (NSSC) had played a vital role in the establishment of Chhimek Bikas Bank.The introduction of the Financial Intermediary Act in 1998 created a problem for the organization, as the collection of savings/deposits from members was not allowed under the act at that time. A plan was therefore made for establishing a development bank. Thus, as an initiative of NSSC, and with the help from different commercial banks and promoters, Chhimek Bikas Bank was established.

 
 

Vision

The banks vision is to be a bank with social conscience that enables poor to contribute equally to a prosperous, self-reliant rural society through self-employment and social awareness and to help reduce poverty in Nepal.

Mission

The bank’s mission is to extend financial services and social awareness to poor in under-served and un-served areas of Nepal in a sustainable manner.

 
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