DEPROSC-Nepal was one of the pioneers in micro finance industry in Nepal. We had also implemented direct lending to underprivileged families through their female members following grameen model, for which we obtained license from the Nepal Rastra Bank under the Financial Intermediary Act 1998 to work as financial intermediary. Today as per the policy instruction of the central bank, DEPROSC-Nepal has handed over its microfinance portfolio to two national level micro finance institutions (private sector) promoted by DEPROSC-Nepal and others, Deprosc Laghubitta Bittiya Sanstha and NADEP Laghubitta Bittiya Sanstha which are serving some 200,000 families now.
At present, the phased over savings and credit cooperatives have grown up and expanded their services to larger communities. Many of them are mobilizing wholesale credit from RSRF, RMDC and other institutions.
Microfinance Portfolio until end of 2072:
|MONTH – YEAR||BRANCH UNITS/NO.||MEMBERS||INTERNAL SAVINGS RS (000)||LOAN DISBURSEMENT RS (000)||LOAN OUTSTANDING RS (000)||DEPRIVED SECTOR LOAN UTILIZATION RS (000)||OPERATIONAL RECOVERY %|
As an experienced institution in microfinance in Nepal, DEPROSC-Nepal is still engaged in policy debate and networking among microfinance practitioners. On the other hand, it develops packages for capacity building of community groups and cooperatives. The role of savings and credit cooperatives so as to carter the financial need at the rural hills is vital and DEPROSC-Nepal will continue to work to strengthen its capacities.