Institutional Members
Grameen Swayamsewak Samaj
Grameen Swayamsewak Samaj was established in 1994 as a non-governmental organization. Since its inception, it has been working for the socio-economic empowerment of the rural poor and partaking social, financial, infrastructural and community development programs benefitting its members within its area of operation. It has set its priority on deprived and overlooked population in the region that had been sidelined by community development programs and financial institutions. It started as microfinance program in the year 2005 after obtaining license from the Central Bank to deliver financial services to the households they served. It has promoted a ‘D’ class MFI-Grameen Swayamsewak Laghubitta Bittiya Sanstha Ltd. Womi Laghubitta and Grameen Swayamsewak Laghubitta after the successful merger has commenced its joint transactions in the name of Womi Laghubitta Bittiya Sanstha Limited from March 16, 2021.
Womi Laghubitta Bittiya Sanstha limited has successfully completed merger with Suryodaya Laghubitta BIttiya Sanstha Limited. Both the companies have commenced joint operation from April 2, 2022 (Chaitra 19, 2078). After the merger the new institution has operated in the name of “Suryodaya Womi Laghubitta Bittiya Sanstha Ltd.” Nepal Rastra Bank provided the consent to both the companies for the merger on February 17, 2022 (Falgun 5, 2078). The merger had been finalized with share swap ratio of 1:1.
