Message-ID: <3qo192$97t@news1.halcyon.com> Date: Fri, 2 Jun 1995 21:53:38 GMT From: Frank F Kroger <mailto:fkroger@COHO.HALCYON.COM> Subject: Re: Micro-finance in Nepal To: Multiple recipients of list DEVEL-L
Angus Barnes <mailto:Angus_Barnes@AUSAID.GOV.AU> writes:> I am interested in researching micro-finance projects in
> Nepal.
World Neighbors, working with Tamakoshi Sewa Samiti in Ramechhap, Nepal, has a micro-banking element built into the process of helping villages construct gravity-flow drinking water system.
The villagers are required to open a bank account and pay regular small contributions towards the cash cost of the system, they also contribute labor of portering supplies (cement, pipe) and building the system (digging trenches, building collecting- and holding tanks. But the cash cost of the systems are already covered by an ouside organization, such as World Neighbors (or other org.) The extra money is reserve for fixing or expanding the system and is used as a miccro bank. 80% of the funds are loaned out. Year end report for FY 93-94 showed 100% recovery of principal and interest with about US$100K total funds in 29 community banks.
For more information about this project see:
http://www.halcyon.com/fkroger/rame.html (fy 93-94 financial report) http://www.halcyon.com/fkroger/tss.html (report of visit to TSS)
Frank
*Frank Kroger, World Neighbors volunteer Seattle WA US mailto:fkroger@halcyon.com ** World Neighbors: working in a cost effective way at the forefront of *** efforts to help the poor of the world help themselves. ****Look for WN on the PBS series the "Quiet Revolution." ***** World Neighbors Home Page http://www.halcyon.com/fkroger/wn.html