an overview of microfinance sector in nepal

8/18/2019 An Overview of Microfinance Sector in Nepal

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AN OVERVIEW OF MICROFINANCE SECTOR IN NEPAL

1. Over the past 28 years, the Gver!"e!t #!tr$%&e$ a !%"'er ( pr)ra"s t

e*te!$

+!a!a serv#&es t the r%ra pepe (&%s#!) ! the pr a!$ -"e!. These

#!&%$e

"a#!y, the S"a Far"ers evep"e!t Pr)ra" /SFP0 #"pe"e!te$ 'y the

A)r#&%t%re

evep"e!t a! /AN0, I!te!s#ve a!#!) Pr)ra" /IP0 #"pe"e!te$ 'y t-

!at#!a

eve &""era 'a!s /Cs0 a!$ !e 3#!t4ve!t%re pr#vate &""era 'a!,

Pr$%&t#!

Cre$#t (r R%ra W"e! /PCRW0 #"pe"e!te$ 'y the Cs a!$ AN #! part!ersh#p-#th

W"e! evep"e!t epart"e!t ( the Gver!"e!t, Re)#!a R%ra evep"e!t

a!s

!a"ey Gra"ee! #as a!s /Gs0, a!$ the M#&r4Cre$#t Pr3e&t (r W"e!

/MCPW0

#"pe"e!te$ thr%)h the Cs. Ev#$e!&es #!$#&ate that these pr)ra"s have !t

'ee! a'e

t s%'sta!t#ay %trea&h the pr h%seh$s #! the &%!try. Less tha! 256 ( thetta pr

pp%at#! has 'ee! est#"ate$ t have &"e %!$er the ($ ( #!st#t%t#!a "#&r4

&re$#t.

I!a$e7%ate +!a!a #!(rastr%&t%re #s a!ther "a3r pr'e" #! the Re)#!. F#!a!a

#!(rastr%&t%re #!&%$es e)a syste", #!(r"at#! syste", a!$ re)%atry a!$

s%perv#s#!

syste" (r +!a!a #!st#t%t#!s a!$ "arets. I! )e!era, the )ver!"e!ts #! the

re)#! have

(&%se$ ! &reat#!) spea pr)ra"s a!$ #!st#t%t#!s t $#s'%rse (%!$s t the pr

-#th #tte


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atte!t#! ! '%#$#!) +!a!a #!(rastr%&t%re, -h#&h s%pprts, stre!)the!s, a!$

e!s%res the

s%sta#!a'##ty ( s%&h #!st#t%t#!s r pr)ra"s a!$ pr"tes part#pat#! ( pr#vate

se&tr

#!st#t%t#!s #! the "#&r+!a!&e se&tr.

Fr e*a"pe, NGOs are (%!$ very apprpr#ate #! $e#ver#!) "#&r4&re$#t a!$

"'###!)

&a res%r&es (r the pr #! the r%ra areas. %t, the#r perat#!s are ar)ey

#"#te$

'e&a%se ( #!apprpr#ate e)a #!str%"e!ts. They are !t a-e$ t tae p%'#&

$eps#ts,

-h#&h &%$ 'e "a3r s%r&e ( (%!$s (r !4e!$#!) t the pr. The )ver!"e!tsr &e!tra

'a!s !e#ther &%$ %!$ertae re)%ar s%perv#s#! ( the NGOs a!$ e!(r&e

per(r"a!&e

sta!$ar$s, !r $ they #e t tra!s(er these a%thr#t#es t apprpr#ate #!st#t%t#!s,

s%&h as

-hesae r)a!#at#!s.

Ath%)h there #s a ar)e !%"'er ( NGOs a!$ &perat#ves, !y (e- ( the" &%$

'e

ter"e$ as MFIs. es#$es, the s4&ae$ MFIs have very #"#te$ #!st#t%t#!a &apaty

a!$

e*per#e!&e #! "#&r+!a!&e perat#!. Mst ( the" are !t %s#!) sta!$ar$ pra&t#&es

(

"#&r+!a!&e, a!$ are perat#!) as a"ate%rs. Ath%)h they have "'##e$

s%'sta!t#a

a"%!t ( +!a!a res%r&es %!$er $#9ere!t pr3e&ts, they have !t pa#$ atte!t#!

t '%#$%p

-! &ap#ta 'ase. They a& pr(ess#!a#s" #! the#r perat#!s. A t ( e9rts are

re7%#re$ t 'e "a$e t e!a'e the" t %!$ertae "#&r+!a!&e serv#&es as a

'%s#!ess.


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evep#!) !e- #!st#t%t#!s #s a t#"e ta#!) pr&ess: #t )e!eray taes 24; years t

'r#!)

the" t a! a&&epta'e eve.

an overview of microfinance sector in nepal

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