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NEED LIVELIHOOD MICROFINANCE PRIVATE LIMITED (NLMPL)

“All human beings are born entrepreneurs. When we were in the caves, we were all self-employed…..finding our own food, feeding ourselves. That’s where human history began. ”
- Muhammad Younus

In 1991, with the advent of banking sector reforms in India, a movement began towards integration of financial services at the national and global level, microfinance as a banking discipline has slowly but steadily gained greater importance in India. NEED Livelihood Microfinance Private Limited (NLMPL), has its roots from NEED NGO - the Society which was promoted by Mr. Anil K. Singh, in the year 1995 with initial corpus contribution from SIDBI & SBI and later from NABARD and with the mission of developing and nurturing Community Based Organizations in Northern India, with headquarters in Lucknow.

In the year 2005, NEED NGO started microfinance activities under the aegis of Grameen Equity Programme with the initial Revolving Fund assistance of Rs.25 Lakh from Small Industries Development Bank of India (SIDBI). Once the microfinance activities grew, a private limited company styled as NEED Livelihood Microfinance Private Limited (NLMPL) was registered in 2015 and obtained NBFC MFI license from RBI in February, 2017. The Microfinance Programme has always remained mainstay of NLMPL activities and the design of the microfinance programme is influenced by the operating model of the Grameen Bank, Bangladesh. It currently operates in Bihar, Uttar Pradesh and West Bengal.

As on March 31, 2019, the operations of NLMPL are covered through 51 branch offices, managed by over 200 staffs, covering 33,800 borrowers with loan outstanding of about Rs. 5150 Lakhs NLMPL has been graded M3C3 by ICRA Rating in Oct. 2018, which signifies above average capacity to manage its operations in a sustainable manner and good performance of Code of Conduct dimensions.

Mission


To become the go-to banker of rural entrepreneurs through socially responsible lending.

Vision


To support income generation and empower 25 million rural entrepreneurs across India by providing fair and reliable financial services at their doorstep