INTRODUCTION DETAILS ::

 

 

Pashchimanchal Grameen Bikas Bank Limited (PasGBB) was registered in 1994 as a public limited company under the company act 1974. Currently, it is operating under the Bank and Financial Institutions Act 2006. As a micro finance bank, the bank has been established to alleviate the hardship and sufferings of the rural people within the Western region of Nepal.

 

The main objective of the bank is to poverty alleviation of the rural poor through credit delivery system of the western region of Nepal. The unique features of the bank are; Area approach, well defined target group, group guarantee landing approach, no physical collateral required, disbursement of loan at the center.

 

The head office of the bank is situated at Butwal, Rupandehi. It has started its first operation on 15th July, 1995 from the Gorusinghe branch of Kapilvastu district. The bank has extended its service in 13 districts of the western region of Nepal, modeled on the methodology of Grameen Bank Bangladesh, the bank operates 35 branches located in the hill and plain region within the western region, with a stronger presence in the hills.

 

DISTINCTIVE FEATURES
PasGBB operates mostly in hill regions, which is a more difficult environment for microfinance services. Under a recent restructuring and privatization process, PasGBB, the most profitable RRDB.