NIC Asia Laghubitta Concludes Provincial-Level Budget Review Workshop
4th November 2025, Kathmandu
NIC Asia Laghubitta Bittiya Sanstha Limited has successfully completed its first-quarter provincial-level budget review workshop, marking a crucial step in aligning its regional operations with its institutional goals.
NIC Asia Laghubitta Workshop
The three-day event, held from Kartik 12 to 14 in Kohalpur, Banke, brought together 121 representatives from branch offices spanning three key regions: Lumbini, Karnali, and Sudurpaschim provinces. This major assembly was designed to review past performance, plan future activities, and bolster staff morale amidst the microfinance sector’s current challenges.
Leadership Focus on Motivation and Strategic Alignment
The workshop served as a vital forum for the microfinance institution’s senior management to directly engage with field-level staff, reinforcing the importance of coordinated effort and dedication.
CEO’s Commendation and Encouragement
Chief Executive Officer (CEO) Cholaraj Sharma Joshi addressed the participants, offering appreciation for the employees’ excellent performance during the first quarter. His message focused on maintaining high standards and encouraging the staff to continue working with even greater motivation and dedication in the coming days. This leadership emphasis is particularly relevant as the microfinance sector in Nepal continues to face challenges related to rising Non-Performing Loans (NPLs) and profitability pressures due to strict interest rate caps. High morale and strong commitment from employees are crucial for maintaining asset quality and recovery rates.
Management Emphasis on Teamwork and Goal Commitment
Other members of the senior management team reiterated the importance of a unified approach to achieving institutional goals.
Deputy CEO Mesh Bahadur Basnet and Assistant Deputy CEO Ganesh Ghimire, along with Assistant General Manager Rajendra Neupane, emphasized the criticality of teamwork and complete commitment to organizational goals.
Department heads, including Rakesh Shrestha, Bimal Chaudhary, Ashish Gautam, and Muktinath Laudari, shared their respective departments’ achievements during the review period and presented detailed work plans for the current quarter. This internal alignment ensures that regional operational goals are synchronized with the central departments’ support and strategic direction.
Key Workshop Outcomes and Future Planning
The structure of the workshop ensured a comprehensive look back at the first quarter while laying a meticulous foundation for the remainder of the fiscal year.
Performance Review and Improvement
The central objective was a detailed review of achievements in the first quarter, providing a clear-eyed assessment of the microfinance institution’s operational successes and shortcomings. Participants engaged in candid discussions about the challenges faced at the branch level—likely encompassing loan recovery difficulties, client awareness issues, and operational bottlenecks—and identified specific areas for improvement. This ground-up feedback is invaluable for refining central strategies.
Second Quarter Strategy and Service Expansion
Looking ahead, the workshop facilitated vital planning sessions:
Budget Formulation: Discussions centered on the budget formulation for the second quarter, allocating resources effectively to maximize impact.
Action Plans: Future action plans were established, translating strategic goals into measurable steps for branch managers and field staff.
Service Quality and Expansion: Significant attention was paid to service expansion initiatives and strategies to enhance service quality. As a microfinance institution, improving service quality often involves enhancing financial literacy programs (which the institution is known for conducting), digitizing processes, and ensuring ethical lending practices to reduce client over-indebtedness.
The institution concluded that the workshop was successful in motivating employees to work with greater enthusiasm and commitment, expecting it to significantly contribute to improving branch operations and enhancing service quality across the three provinces. This intensive, provincial-level coordination is key to effective microfinance service delivery in Nepal’s diverse geographical landscape.
The discussion of Bad Loans in Nepal’s Microfinance Sector by CEO Cholaraj Sharma Joshi provides relevant context to the strategic discussions held at the workshop.
For More: NIC Asia Laghubitta Workshop
