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Microfinance Conference Concludes with 16 pt Declaration

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Microfinance Conference Concludes with 16 pt Declaration
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May 17: The two-day National Microfinance Member Conference held in Kathmandu has concluded issuing a 16-point declaration. The conference held on Sunday and Monday aimed to provide feedback for national policy formulation and implementation of programs in the microfinance sector. The conference was participated by representatives of marginalised groups and women entrepreneurs, policymakers along with 700 participants from various organisations.

The declaration prepared after detail discussion was presented by Rajendra Bahadur Pradhan, member of the organising committee. As per the declaration, microfinance sector will organise a campaign to reduce the poverty level of the households which are under poverty line to zero by 2030. The declaration stated that microfinance companies will operate health insurance all across Nepal.

 Similarly, the declaration comprises programs to include marginalised people by forming a taskplan,  formulate required strategies to develop skills  of members in order to foster entrepreneurship and operating commercial development  trainings.  The declaration also includes programs to raise loan ceiling to Rs 5 million from Nepal Rastra Bank to increase access of finance in remote areas while requesting a five-year payment period.

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