25th April, Biratnagar – UKaid Sakchyam Access to Finance Programme (Sakchyam) and Nerude Laghubitta Bikas Bank (Nerude) officially launched its partnership during a Partnership Signing Ceremony held in Biratnagar today. Senior management from both Sakchyam and Nerude were present at the ceremony which also saw the unveiling of the “Buzz Nerude” – a mobile platform set in a vehicle to disseminate messages on financial literacy (FL). The Buzz vehicle, which was unveiled by Mr. Jeevan Ghimire, the Social Development Minister of Province 1, will be used to provide financial literacy programs in places where regular financial literacy classes are not taking place or is difficult to cater to on a regular basis.
As a part of the Enterprise Development and Digitalization of Microfinance Services project, Nerude has partnered with Sakchyam to launch “Enterprise Development Service (EDS) Sakchyam Loan” to its clients. EDS is a unique feature which Nerude plans to initiate where support is provided to the under-privileged population to lift them out of poverty. Through this partnership, Nerude is planning to start sustainable EDS service in seven districts of Nepal – Jhapa, Illam, Sunsari, Sarlahi, Rupandehi, Kapilvastu and Arghakhanchi. They will adapt/replicate a successful EDS program that Berendina Microfinance, a MFI based in Sri Lanka, has been successfully implementing in Sri Lanka. This service is expected to help Nerude clients excel in micro-enterprises and agriculture.
Similarly, Nerude also plans to equip their loan officers with tablets to automate their manual transaction. This will help increase efficiency while reducing the possible human errors while conducting centre meetings. These tablets will also help Nerude in delivering financial literacy.