KapilbastuNovember 21, 2017
Kapilbastu lies in Lumbini Zone in Province 5 of Nepal. Taulihawa is the district headquarter. The district, with an area of 1738 sq. km is divided into 77 VDCs and 1 municipality. Kapilbastu has 91,321 households with a total population of 571,936.
Economic and Financial Landscape
Agriculture (including livestock and poultry) cottage industries and trading are the main economic activities of the district. 88.46% of the population reported agriculture as the major source of income.
The district is served by 39 different branches of ‘A’ Class Commercial Banks, 17 different branches of ‘B’ Class Development Banks, 4 different branches of ‘C’ Class Finance Companies. The population served per branch is 10,610 against the national average of 8,960. This indicates the need to further expand the outreach of financial services and facilities to the unbanked population of the area.
The population of Kapilbastu consists of about 18.16% Muslim, 12.26% Tharu, 10.14% Yadav, 8.54% Brahmin, followed by many others, in terms of caste/ethnicity. Women in the district continue to face unequal power relations, particularly in Madhesi and Muslim communities. Nearly three quarters of the girls get married in their adolescence. Caste based discrimination still exists in the district which is evident from the reality that Dalits are still not allowed to share public spaces with the non-Dalits. Women have received limited access to the products/services offered by banks and financial institutions in Kapilbastu. Sakchyam’s key aim in Kapilbastu is to increase the access to financial services and facilities so as to empower women and other disadvantaged groups of the area.
Sakchyam’s Ongoing Interventions
- IME Digital has launched the first Mobile Financial Services project in the district
- Laxmi Bank has introduced Sakchyam Udhyami Karja, Micro Mortgage, E-Rickshaw, Tractor, and Livestock Loan.
- 3 BLBs commissioned by Everest Bank, Renewable Energy loan product launched by Janautthan and EDS launched by Nerude.
Financial Literacy Initiatives
- Nerude is using flip chart, videos to promote financial literacy to their clients and potential clients.