CYC Nepal Laghubitta Bittiya Sanstha Limited
in Nepal 🇳🇵
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About CYC Nepal Laghubitta Bittiya Sanstha Limited in Nepal
CYC Nepal Laghubitta Bittiya Sanstha Limited is a microfinance institution in Nepal operating as a Class 'D' financial institution licensed by Nepal Rastra Bank, the country's central bank. The institution provides microfinance services primarily to low-income individuals and small entrepreneurs.
CYC Nepal was previously known as CYC (Chartare Youth Club) and evolved from a community organization into a formal microfinance institution. The institution specializes in providing microfinance loans based on the Joint Liability Group (JLG) model, where each group consists of a minimum of five members who collectively guarantee loan repayments.