Grameen Bikas Laghubitta Bittiya Sanstha Ltd. (GBLBS), formerly Nepal Grameen Bikas Bank Ltd., came into existence in 2014 August 15 (Shrawan 30, 2071) with a successful merger of the then five regional level Grameen Bikas Banks operated in the then five development regions of Nepal. The head office of the institution is located in Butwal, Rupandehi district of Lumbini Province.
GBLBS was registered as a public limited company on 30th July 2014 (Shrawan 14, 2071) under the Company Act, 2063 and is regulated under the Bank and Financial Institution Act, 2073. The name “Nepal Grameen Bikas Bank Ltd.” was changed into “Grameen Bikas Laghubitta Bittiya Sanstha Ltd.” as per the decision of the Annual General Meeting of the institution and approval of the Office of the Company Registrar (approval date: 2074/12/28).
The institution has been working continuously with the prime objective of alleviating poverty, hardship, and suffering of the rural people throughout its working area by providing them microfinance services. The unique traits of the institution are well-defined target groups (especially women), area approach, group guarantee lending, non-collateral lending, etc.
In order to achieve its goal, the institution has been working through micro-credit services and capacity development programs for the community. Moreover, it has followed the Grameen Bank Model started by Prof. Muhammad Yunus (Nobel Laureate), a Bangladeshi social entrepreneur, banker and economist.