Sakchyam Officially Launches Second Projects with Kisan Cooperative & Mahila Samudayik Laghubitta Bittiya Sanstha

At a program held on 28th and 29th March, UKaid Sakchyam Access to Finance Programme (Sakchyam) officially launched its second projects with Kisan Bahuudeshiya Sahakari Sanstha (KBBSL) Ltd. and Mahila Samudayik Laghubitta Bittiya Sanstha.

On 28th March in Lamki, Kailali,  “Kisan Rural Digital Banking” was officially launched where Mr. Nirmal Dahal, Team Leader of Sakchyam and Mr. Dambar Bahadur Shah, CEO of KBBSL signed and exchanged the project certificates in the presence of KBBSLs Board of Directors, Project Staff and Sakchyam representatives.

KBBSL had piloted tablet banking by implementing its first project with Sakchyam – “Kisan Tablet Banking for Enlargement of Microfinance”. The success of the first project encouraged KBBSL to replicate and scale up the digital service delivery channel for entire operation offering better financial services to its client.

Through this project KBBSL plans to convert 2,400 center’s transaction paperless by use of tablets and conduct all their center meeting transactions by using tablets. They also plan to establish Point of Sales (PoS) in all of its branch and introduce ATM cards to ensure instant cash for the microfinance clients. They aim to enroll 7,000 new clients through this project.

Sakchyam also officially launched its second project with and Mahila Samudayik Laghubitta Bittiya Sanstha (formerly known as NWCSC) titled “Promoting Access to Finance through EDS and Tablet Banking Services” on 29th March in Ghorahi, Dang. Mr. Nirmal Dahal, Team Leader of Sakchyam and Ms. Bimala Yogi, CEO of Mahila Samudayik signed and exchanged the project certificates in the presence of Mahila Samudayik’s Board of Directors, Project Staff, Sakchyam representatives and local media. During the programme, 5 tablets were also distributed to 5 branch managers/center chiefs.

Sakchyam has supported Mahila Samudayik to expand Enterprise Development Service (EDS) in its branches located in Dang, Rolpa, Rukum, Salyan and Pyuthan. Through this partnership, they will also introduce Tablets to digitize its operation and link with the EDS operation. Mahila Samudarik will also be working with other agencies to create market linkages. To align their EDS beneficiaries with improved financial services, relevant financial literacy campaigns will also be organized. They will take technical support from Berendina Microfinance, which has pioneered EDS activity to MFI clients in Sri Lanka.

Sakchyam’s support to Mahila Samudayik in its various initiatives should see improved skills of new and existing entrepreneurs along with financial services to start and up-scale their business. Their understanding of the needs of beneficiaries in the region coupled with the EDS and Tablet services will help boost economic activity and help launch multiple small enterprises as a result of the financial literacy and skill training. Through this project, Mahila Samudayik will offer micro-enterprise loan along with other auxiliary support to 6,000 beneficiaries. They have also committed to provide skill training to some 3,300 beneficiaries. In addition, Mahila Samudatik will launch tablet banking in all 22 branches. Use of tablet is also expected to help track the production of EDS clients.