Upakar Laghubitta Bittiya Sanstha Limited is one of the MFIs licensed by Nepal Rastra Bank as D class financial institution having working area of Lumbini Province for operating microfinance activities. Contribution of a MFI in creating self employment opportunities and strengthening rural economy through easy supply of loan to people who do not have access to micro finance is still needed. Micro financing has become challenging in recent couple of years. High delivery cost, high cost of fund, high expectations of clients has compelled MFIs to introduce cost effective delivery system , high productivity and qualitative and expanded network.

ULBSL is quite aware of institution's both social and economic service supply .Upgrade of socio economic status of members is first priority for us. "Financial inclusion self-reliant organization" is the slogan of ULBSL. We are aware of the client protection, social performance and sustainability issues. It will continue to work in increasing financial inclusion and creating benefits for the clients. ULBSL will design client friendly products, services, delivery models to meet clients' need.

ULBSL is one of the organization which is converted into the MFI from the Microfinance Program of Mahila Upakar Munch .ULBSL started its operation as MFI from Chaitra 1st 2075 and has expanded 36 branches in 10 districts. We have planned to cover all the districts with at least one branch in each district within 1 year.

ULBSL is highly conscious to provide microfinance service to the poor people residing in the areas with difficult accessibility . Microfinance itself is not sufficient to achieve the goal of poverty reduction, rather it needs the support of the Govt., policy makers , regulatory authority , commercial banks and all the stake holders for maintaining microfinance friendly environment so that MFI can be able to provide client friendly and productive services.

I would like to express my sincere thankfulness to Promoters, NRB, Government of Nepal, Board Directors and all concerned authorities and institutions who helped us to establish and operate ULBSL.

Thanks to all staff for their sincerity, commitment and devotion during the initial stage of operation. Thanks to all the clients associated with us for their attachment and trust in ULBSL . On behalf of ULBSL I would like to ensure commitment for the qualitative and client friendly services and achievement of institutional goal.

Thank you.

CEO

Sharada Kumari Khatri