Sakchyam Access to Finance | Nepal
A mountainous region with a flourishing tourism industry, Nepal is rich in natural resources. Situated between the economic powerhouses of India and China, modern Nepal is nonetheless one of the world's poorest countries, struggling to overcome its history of economic isolation and political unrest.
Although Nepal has seen dramatic progress in poverty reduction and economic growth, the United Nations estimates that about a quarter of Nepal’s population still lives below the poverty line. Nepal continues to face rising income inequality, urban poverty and challenges to business development.
Louis Berger is partnering with the United Kingdom’s development agency, the Department for International Development (DFID), to facilitate development of financial services for poor households and farmers in Nepal.
As program manager for DFID’s Access to Finance for the Poor program, Louis Berger is working with Nepal’s public and private sectors to:
- Create a favorable regulatory and institutional environment for equity investment in small and medium enterprises.
- Develop a Nepali challenge fund that co-invests with private sector institutions to help expand innovative financial services delivery to micro, small and medium enterprises.
- Develop appropriate financial products for small farmers, more suitable to their cropping patterns and cash flows.
- Stimulate economic activities in lagging regions by providing increased microfinance support and creating linkages between poor households and small enterprises.
The program aims to improve livelihoods in Nepal through creation of 88,000 sustainable new jobs or job equivalents and improved access to a range of financial products and services for households and at least 8,000 enterprises.