Kathmandu, July 8
Small Farmer Development Microfinance
Financial Institution Limited has expanded its services to 1.19 million
families in 76 districts in the country.
This number includes 11 per cent Dalits and
43 per cent janajatis, said Dr. Shiva Ram Prasad Koirala, Chief Executive
Officer of the company, at the 21st Anniversary programme organised
the other day.
The company has forged collaboration with
various financial partners in 540 local levels to expand microfinance services
to people. They have generated internal capital equal to Rs. 59.6 billion and mobilised
it to people.
"We have been collaborating with 1448
cooperatives in 540 local units to serve 1.19 million people. We are working
with a motto 'no one should be excluded from the financial access'," said
Dr. Koirala.
Sana Kisan has less than 1 per cent bad
loan and more than 99 per cent loan repayment rate. It's paid-up capital is Rs.
1.56 billion and capital fund Rs. 4.01 billion. Small farmers have 44 per cent
shares in the company.
By mid-June 2022, the company has mobilised
Rs. 135 billion loans and recovered Rs. 105 billion loans.
According to the company, it is providing
loans for milk and meat enterprises, vegetable farming, alternative energy, tea
industry, foreign employment, and other demands. It has been also sending youth
to Israel for agricultural training. About 35 per cent youth who were trained
from Israel have been involved in various enterprises in their villages and
created employment opportunities.
Published in The Rising Nepal daily on 9 July 2022.
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