29th April 2025, Kathmandu
Swabhimaan Laghubitta Bittiya Sanstha Limited has appointed Janak Raj Dhungana as an Independent Director. The decision was made in a board meeting held on 28 April. The board agreed to include Dhungana as part of its leadership to strengthen governance and ensure compliance with regulatory standards.
Independent Director Swabhimaan Laghubitta
Focus on Governance and Oversight
With this appointment, Swabhimaan aims to improve its board’s independence and oversight. Independent directors play a key role in maintaining transparency and ensuring balanced decision-making. They also help protect the interests of shareholders, customers, and regulatory authorities.
Experienced Professional Joins the Team
Janak Raj Dhungana brings years of experience in financial management and institutional leadership. His knowledge of corporate governance is expected to benefit the organization. In addition, his independent perspective can contribute to fair and objective decisions at the board level.
Support for Institutional Growth
Swabhimaan Laghubitta has been expanding its services across Nepal, especially in rural and underserved areas. The institution provides microfinance services such as small loans, savings, and financial literacy. It targets low-income groups, especially women and marginalized communities.
Adding Dhungana to the board aligns with Swabhimaan’s goals. The organization wants to ensure responsible lending and maintain trust among its members. Moreover, it aims to follow best practices in internal control, transparency, and accountability.
Role of Independent Directors
Independent directors serve a crucial function. They do not represent any specific interest group. Instead, they monitor the board’s decisions, help assess risks, and ensure the company’s actions are ethical and legal.
By appointing Dhungana, Swabhimaan is showing its commitment to strong leadership and risk management. His experience will support the board in making well-informed and balanced decisions.
Commitment to Responsible Microfinance
Swabhimaan Laghubitta is classified as a “D” class financial institution licensed by Nepal Rastra Bank. It focuses on microfinance and financial inclusion. Over the years, it has built a reputation for responsible lending and customer service.
With its expanding network, the institution is reaching more clients in remote locations. To manage this growth, it needs strong governance. That is why adding experienced and independent board members is essential.
Looking Ahead
Swabhimaan believes that this appointment will strengthen its leadership. It expects Dhungana’s presence to enhance the board’s efficiency and oversight capabilities.
In summary, the inclusion of Janak Raj Dhungana as an Independent Director marks a significant step for Swabhimaan Laghubitta. It reflects the institution’s strategy to promote good governance and sustainable growth in Nepal’s microfinance sector.
By doing so, Swabhimaan continues to build a solid foundation for its future, based on trust, responsibility, and inclusion.
For more: Independent Director Swabhimaan Laghubitta