Kathmandu, Oct.
27:
Centre for
Self-Help Development (CSD) has organised its 27th Annual General
Assembly in Kathmandu.
Chairman of CSD
Shankar Man Shrestha, Friday, said that the microfinance had significantly
contributed to poverty reduction.
He shared his
experiences as one of the pioneers of microfinance movement in the country. CSD
is the first non-government organisation in Nepal to get approval to run
microfinance programme.
“It has helped
in economic and social development, employment generation and entrepreneurship
across the country. But there has been some deviation in the microfinance
principles in the recent years which must be addressed immediately,” he said.
He urged all the
stakeholders to put their joint efforts to develop the sector sustainably.
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