In the context of Nepal, Microfinance sector has been a game changer over the years. The model of providing micro- credit to the impoverished has helped numerous people move out of the line of problem of the loan sharks, and becoming the tool for poverty alleviation through financial services to the low income group and for the mechanism of social intermediation.
Wean Nepal Laghubitta Bittiya Sanstha Limited (Wean Nepal) named after merge between Nepal Seva Laghubitta Bittiya Sanstha Ltd., Melamchi-13, Sindhupalchowk and Wean Laghubitta Bittiya Sanstha Ltd., Galchi, Dhading. The company has jointly commenced its operations from 2078 Kartik 15. After jointly operation, this institution is one of the growing microfinance institution in Nepal. Within a short span of time, It has succeed to extend network of 21 branches across 8 districts, Sindhupalchok, Rasuwa, Nuwakot, Kavrepalanchok, Dhading, Kathmandu, Lalitpur and Bhaktapur districts of Nepal. It provides small loans and saving products to the low income & underprivileged people of remote villages.
Basically Wean Nepal Laghubitta Bittiya Sanstha Limited offers the micro enterprises loan and micro entrepreneurship/collateral loan 40,000 up to 3, 00,000 for our value customer. The competition Interest rates of loans are 14% to 18% with certain grass time.
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Wean Nepal Laghubitta Bittiya Sanstha Limited has offered the different types of saving which have 5% to 13% interest rate. We are motivated the remote deprived people for those deposit enhance for future sustainability.
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Wean Nepal Laghubitta Bittiya Sanstha Limited offers remittance services that enable domestic and International remittances through a formal remittance delivery channel.
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