Transformative Tab Banking Programme Launched For the Microfinance Industry

March 10, 2016

March 8, Lamki – At a special event organized today at Kisan Microfinance Development Bank’s Lamki, Kailali office premises, Honourable Dr Chiranjibi Nepal, Governor, Nepal Rastra Bank, helped launch Kisan’s transformative, new tablet banking programme to improve access to crucial financial services for rural poor communities in the region. The tablet banking programme is part of an innovative partnership between Kisan Microfinance Bank and the UKaid funded Sakchyam Access to Finance Programme.

The launched tablet banking programme will enable 100 plus women’s saving group administrators – centre chiefs – to use mobile tablet devices to record and secure transaction data at periodic meetings of the women’s groups. Presently, such tasks are performed by tediously writing down each bit of information regarding a client’s savings and transactions at each centre meeting on paper, to be recorded afterwards on a computer. With the tablet devices capable of recording information and syncing it to a server as soon as a live connection is detected, the repetitive task of re-recording information is taken away, providing the centre chief with saved time that can be used productively to help the group’s beneficiaries. Because the time taken to enter data at centre meetings is also shortened by use of tablets, it is envisioned that this will create a window of opportunity for centre chiefs to impart additional financial training to group members during meetings.

Kisan MF Bank 1

Launching the partnership’s first financial transaction through a tablet device at the event, Honourable  Dr Chiranjibi Nepal, Governor Nepal Rastra Bank said, “I can foresee the potentially tremendous impact that this innovation will have on the activities of the centre chief as well as the added ease with which beneficiaries will be able to avail financial services through the programme. I am confident that with Sakchyam’s able support, Kisan Microfinance will be able to serve its clients better.” A total of 12 tablet devices were presented to centre chiefs to roll out the programme immediately; Kisan plans to equip close to a 100 centre chiefs with tablet devices by end of 2016. The Honourable Governor also inaugurated the new head office building of Kisan Microfinance Development Bank during the same event.

Speaking at the event, Sakchyam Team Leader Mr. Baljit Vohra said, “Sakchyam is pleased to support Kisan in its adoption of technology to better provide financial services to its rural poor clients. I would like to congratulate the senior leadership of Kisan for taking this important step, enabling their team to provide financial services more efficiently.”

Sakchyam is an UKaid funded access to finance programme. It is implemented by Louis Berger for the Department of International Development (DFID Nepal) in partnership with local and international institutions.