Background
JBS started microfinance encompassing five southern VDC of Morang district since September 1998 with the credit support from Gramin Swabalamban Kosh. Further, the organization was registered in Nepal Rastra Bank under Financial Intermediary Act 2055 in 18 June 2002 (2059-03-04). It has been working Jeevan Bikas Banking Program as “Grameen Bank” methodology with the credit and technical support from Rural Microfinance Development Center Ltd. Many of JBS clients who started as ultra poor gradually graduated to micro-entrepreneurs, which is a great achievement of its microfinance program.

Service of Microfinance:

Microfinance has been playing vital role in the field of poverty reduction. Therefore, JBS has been implementing the program in seven districts of Nepal. The program has covered 267VDCs and 23 Municipalities of Ilam, Jhapa, Morang, Sunsari, Dhankuta, Udaypur and Sindhuli districts. Women are exclusive members of this program. In the Fiscal Year 2071/72, the enrollment of members in the program is  142,120. Furthermore, growing circumstance of borrowers is also quite encouraging. At present, the total number of borrowers is 107,374.

Characteristics of JBS Microfinance Program

1. Targeted to the poor and poverty reduction.
2. Identification of target households through PWR method.
3. Effective pre group training.
4. Hundred percent women member.
5. Saving, credit, micro insurance and money transfer services.
6. Simple procedures of operation.
7. No tangible collateral.
8. Five members group approach under a single umbrella of 15-50 women in a center.
9. Transparent.