RUFIN's Partners
Nepal Rastra Bank (NRB)
Nepal Rastra Bank (NRB), the Central Bank of the Kingdom of Nepal, was established in 1956 under the Ministry of Finance (MoF) to discharge the central banking responsibilities including guiding the development of the emergent domestic financial sector.
The micro-finance Department of NRB has played a vital role to develop the microfinance system in Nepal through introducing policy, systems and institutions. It introduced the priority sector (small sector) lending programme in 1975 and the intensive banking programme (lending in small and micro sector) in 1981. |
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It has played an active role for the creation of an enabling legal and regulation environment for microfinance institutions in the country. Further, in 1992, NRB participated in equity and management to develop the Grameen Banking system by introducing regional rural banks as a replication of Bangladesh Grameen Banking model.
RUFIN is working with NRB to design the microfinance policy and to develop a rural finance strategy for the country.
For details, please visit the NRB web site at: www.nrb.org.np
Agriculture
Development Bank Ltd. (ADBL)
Formal ADBN has named as ADBL after registering into Company
Act and Bank and Financial Institutions Oridinance (BAFIO)
- 2004
With the objective of providing institutional
credit to enhance production and productivity in the agricultural
sector, the Agricultural Development Bank of Nepal was established
in 1968 under the ADBL Act 1967, as a successor to the Cooperative
Bank. The ADBL functions as an autonomous organisation under
the supervision of the Ministry of Finance of Nepal Government.
The bank has been working as the prime rural credit institution
for the last four decades. |
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ADBL's principal involvement is development finance. Besides, it has been performing the role of executing agency for the Small Farmer Development Programme (SFDP), one of the biggest poverty alleviation programmes of Nepal. The SFDP is the first group based poverty alleviation programme and began as a pilot test in the Dhanusha and Nuwakot districts of the country in the mid 1970’s.The success of the pilot test in the Terai and the hills with support form FAO\UNDP encouraged policy makers and ADBL to gradually expand the programme. The Sub Project Offices (SPOs) of the SFDP reached 459 in 1993, benefiting two hundred thousand small farmer households in 649 Village Development Committees (VDCs) of 75 districts. VDC is a smallest administrative unit of Nepal. The objective of the SFDP is to improve the socio economic condition of small farmers in the rural hills and Terai by providing financial and non financial services. The SFDP's popularity in the rural hills and Terai has led to demands to establish SPOs in the villages.
For details, please visit the ADBL web site at: www.adbn.gov.np
Sana Kisan Bikas Bank (Small Farmer Development Bank)
The
Sana Kisan Bikas Bank (SKBB) was established and registered
with the Company Registrars Office in July 2001 to provide
wholesale financing and other services such as supervision,
monitoring and training to Small Farmer Cooperatives and similar
institutions. The bank received its operating license from
the Nepal Rastra Bank (Central Bank) in March 2002. The promoters
of SKBB are: ADBL, Nepal Governmentl, Commercial Banks and
Small Farmers Cooperatives Ltd.
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Vision, Mission and Core Values of SKBB Vision
To become the leading, financially viable wholesale bank in the microfinance sector, owned by SFCLs and rural Micro Finance Institutions (MFIs), while substantially improving the life of the rural poor.
Mission
To provide wholesale financing for SFCLs and rural MFIs, and support institutional capacity building in cooperation with partners.
Core Values
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Business orientation and financial viability |
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Political neutrality |
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Committed to serve the rural poor |
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Customer oriented quality services |
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Transparency of policies and operations |
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Honesty and Integrity |
For details, please visit SKBB web site at: www.skbbl.org
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