Bhagbati Chaudhary Reappointed as Chairperson of Forward Microfinance Laghubitta Bittiya Sanstha Limited
20th May 2026, Kathmandu
Forward Microfinance Laghubitta Bittiya Sanstha Limited has officially announced the reappointment of Bhagbati Chaudhary as the Chairperson of the institution board of directors. The decision was finalized during the high profile 13th Annual General Meeting of the microfinance microcredit group, where shareholders and institutional backers gathered to review annual fiscal goals and cast their governance votes.
Forward Microfinance Chairperson Reappointed
Chaudhary, who carries the distinct honor of being the original founding chairperson of the organization, secured an absolute unanimous reelection, reflecting deep stakeholder confidence in her long term strategic vision and corporate steering capability.
Official Oath of Office Ceremony Conducted by Central Bank Directorate
Following the successful conclusion of the general assembly voting process, a formal oath of office and confidentiality ceremony was organized at the executive headquarters. The mandatory regulatory oath was administered directly to Bhagbati Chaudhary by Shailendra Regmi, a senior Director representing the central banking authority, Nepal Rastra Bank. During her formal acceptance speech, Chairperson Chaudhary expressed her profound commitment to actively work toward preserving the institutional dignity of the company, while strictly upholding the core financial inclusion values, social upliftment missions, and operational objectives governing the wider microfinance sector of Nepal.
A Distinguished Career Dedicated to Women Empowerment and Rural Development
The reelection of Bhagbati Chaudhary highlights her extensive professional background in structural social work, community mobilization, and grassroot financial engineering. Throughout her decades long career, she has focused her administrative energies on key developmental pillars:
- Accelerating comprehensive rural economic development programs
- Designing specialized financial products for women empowerment
- Formulating skill sharing workshops aimed at youth empowerment
- Providing microcredit capital to boost local self employment options
Her early grassroot experiences allow her to understand the specific economic friction points faced by low income rural households.
Advertisement
Pioneering Financial Intermediation and Bridging Non Profit Initiatives
Long before Forward Microfinance grew into a nationwide commercial force, Chaudhary was actively laying down microcredit frameworks through civil society channels. Acting under the banner of the Grameen Mahila Utsukta Bikas Manch, she worked tirelessly at the village level to raise awareness among marginalized women regarding environmental cleanliness, household sanitation, social consciousness, and fundamental financial literacy. When the Government of Nepal introduced landmark policy shifts allowing non governmental organizations to act as legal financial intermediaries, Chaudhary capitalized on the opportunity, playing a central role in converting those community self help groups into the formal structure of Forward Microfinance.
Reviewing the Expansive Operational Footprint and National Reach of the Institution
Under her past and present leadership, Forward Microfinance Laghubitta Bittiya Sanstha Limited has scaled its operations to become one of the most prominent microfinance networks in the country. The microcredit provider currently delivers its specialized saving deposits, micro loans, and micro insurance products through a vast network consisting of 159 fully staffed branch offices. These local touchpoints are strategically distributed across 382 unique local municipal units, spanning 40 distinct districts from the eastern plains to the western hills, ensuring that distance is no longer a barrier to securing formal credit.
Serving Over Two Lakh Underprivileged Families via Financial Inclusion Programs
The true socio economic impact of the microfinance institution is illustrated by its massive active client registry. The organization currently provides targeted micro financial services, group liability loans, and digital literacy training to approximately 284,057 underprivileged, low income families across the nation. By prioritizing loans without physical collateral for women led self help circles, the bank helps rural entrepreneurs launch small poultry farms, tailoring shops, and organic agricultural businesses. This active capital placement directly contributes to poverty reduction and helps close the urban rural financial divide.
Strategic Corporate Directives and Future Outlook Under Reappointed Leadership
With Chaudhary safely back at the helm of the governance board, market observers predict that Forward Microfinance will accelerate its internal digital upgrade plans to make banking even easier for its clients. The executive team aims to introduce simplified mobile banking alerts, localized tablet based field collection routines, and expanded agricultural loan portfolios to protect rural crops. As the microcredit landscape faces changing regulatory caps and shifting repayment rules from the central bank, the reappointed chairperson experiences will be vital for maintaining strong portfolio quality, safeguarding public deposits, and driving sustainable community development across Nepal.
