Kisan Microfinance (KMF) has established two new branches in Dullu, Dailekh on 24th April and in Raskot, Kalikot on 26th April. Under its “Sakchyam Kisan Rural Microfinance Project”, these branches will provide microfinance to rural communities including access to savings, loans, remittance services, insurance products and financial literacy to improve livelihoods, increase incomes, and reduce poverty. The project aims to provide financial services to 25,000 members by 2018. To date, they have reached 11,757 members.
In addition, the branches will introduce tablet banking at the centre meetings, bringing transformational change to the traditional way of carrying out microfinance services. KMF is one of UKaid Sakchyam’s partners who has adopted mobile technology as part of its core banking system to extend services to remote regions in the Mid- and Far-Western Development Regions (namely, Dailekh, Dadeldhura, Kalikot, Salyan, Jumla, Jajarkot, Accham, Kailali, Doti, Darchula, Baitadi and Bajhang districts) of Nepal. In doing so, they are bolstering organisational efficiency and enhancing outreach to the un-/underbanked poor and vulnerable people living in these remote regions.
During the inaugurations, Centre Chief from Dullu – Mrs. Shova Bhandari and Centre Chief from Raskot Mrs. Harshila Shahi both expressed their enthusiasm to start tablet banking in their groups.