Muktinath Bikas Bank Ltd. Galyang Branch

Muktinath is a popular Nepali word which literally means the “God of Salvation”. The bank’s name was derived to convey the meaning by uplifting poor people from their current status to a respectful social and economic status. Muktinath Bikas Bank Limited (MNBBL) is a “B” class Development Bank, providing general banking services to all corners of the people. MNBBL is the first development bank to downscale its operations to serve low-income people. Currently, MNBBL is playing an initiative role to provide microfinance services to poor people since April 2008 (Baisakh 2065). MNBBL is focusing its Micro, Small, and Medium Enterprises(MSME) services on rural and underserved households who are striving for financial services. MNBBL has a separate Small and Micro Banking Department, which manages microfinance activities of the bank. Under the SMB department, there are MSME service delivery units (Desk) which provide retail services, including credit, savings, remittance, and social security schemes to the target clientele.  Effective client targeting, streamlined loan sanction processes, and strict credit discipline are contributing factors of the MNBBL microfinance programme to meet its dual objective of financial self-sustainability and outreach.