Microfinance Program
$1700
ONGOINGEMPOWERMENTCOMMUNITY AWARENESS
10/15/2024
No Limits Nepal is proud to announce the launch of our microfinance program, an affiliate of our new Women’s Center. This initiative aims to empower women in our community by providing them the necessary tools to achieve financial independence. Our microfinance program forms a cornerstone of our women's empowerment mission.
The microfinance program will offer loans to women who complete a basic financial literacy course and establish a bank account. This initial training is essential to ensure that recipients understand the fundamentals of managing loans and financial responsibilities. The first loan will be 10,000 NPR (approximately $75), which women can use specifically for animal husbandry.
Animal husbandry presents an accessible and practical avenue for women to enhance their economic opportunities. It is a viable starting point because the initial investment is relatively low, and the returns can be sustainable in the long term. Women can use the loan to purchase livestock such as goats or chickens, which can then be raised to produce income.
After successfully repaying their first loan, participants will be eligible for a higher line of credit. This incremental increase in loan capacity encourages responsible borrowing and fosters a sense of achievement. Our tiered approach is designed to underpin long-term financial stability and independence for women.
No Limits Nepal is committed to uplifting women in our community through targeted financial support and education. The microfinance program at our Women’s Center is designed to be a sustainable model for women’s economic empowerment. By offering initial loans for animal husbandry and additional financial resources upon successful repayment, we aim to make a lasting impact on the lives of women in Nepal.