Laghubitta (Microfinance) is a financial service aimed at low-income individuals or at those who do not have direct access to typical banking services. Microfinance encompasses a number of financial services like micro-credit, micro-lending, micro-insurance, savings and money transfer among others. A microfinance institution (MFI) provides financial services to the communities who cannot offer collateral against the loans they take but have skills and desire to undertake economic activities for generating income and self-employment. In this episode of Banking Bahas we have talked with our guest Mr. Prakash Raj Sharma about how Laghubitta Bittiya Santhas are contributing to overall economic development of the rural sector through women empowerment and financial inclusion and in this current situation of protest against microfinance institutions are total senseless and not based on true facts.
Presenter: Manoj Regmi
Guest: Prakash Raj Sharma, President, NMBA CEO, Laxmi Laghubitta Bittiya Sanstha Ltd.
About Guest Mr. Prakash Raj Sharma is Chief Executive Officer in Laxmi Laghubitta Bittiya Sanstha Limited, a microfinance subsidiary of Laxmi Bank since its inception. He has Master degree in Business Administration and Bachelor Degree in Agriculture. He has completed professional course like Strategic Leadership for Microfinance (Harvard Business School, Boston USA), Boulder Microfinance Course (ILO, Turin Italy), and Management Development Program (AIM, Manila Philippines).
Mr. Sharma brings four decades of experience in development banking and microfinance. As a microfinance practitioner he is involved in developing, implementing, and strengthening microfinance operations in Nepal and abroad. He is an active trainer and public advocate on issues related to microfinance such as sustainability, responsible finance, and client protection. He has been used as resource person on microfinance by different national and international network and organizations.
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