Patan Business and Professional Women (BPW Patan) was established in 1995 as the Patan Chapter of Federation of Business and Professional Women (BPW Nepal) a pioneer social, non-profit and voluntary organization. BPW Patan’s office is located in Patan, also known as Lalitpur, a city that borders Kathmandu to the south and is famous for producing art and handicrafts.

In July 2002 BPW Patan became a regulated Financial Intermediary after obtaining license from Nepal Rastra Bank (Central Bank of Nepal), the regulatory authority of the country’s financial sector.

BPW Patan started its micro credit program with the main objective of improving the socio-economic status of impoverished women by increasing their access to resources for productive activities.

Mission and Objectives

The principal mission of BPW Patan is to improve women’s business skills across different occupations for self-employment and to enhance the overall socio-economic condition of women. BPW Patan serves women by fulfilling the following objectives:

·       Increasing the number of women who enter the workforce and enhancing their professional skills by providing a forum for dialogue, organizing different activities, and working as a peer group.

·       Increasing the literacy rate of women by promoting and providing a relevant literacy training program.

·       Focusing on human resource development by empowering urban-educated women as well as more disadvantaged women to bring about changes in themselves, their families, and their society. 

Salient Features of Micro Credit Program

1. Families living below the national poverty line (Nepalese Rupees 5,500, or about USD $84.00, in per capita income) are eligible for getting membership in a micro credit group. Only one member of a family can become a member of the group.

2. The eligible members are required to attend a week-long Pre-Group Training (PGT). After completing training, women are organized into small lending groups of five members. These lending groups are clustered in centers, with a center consisting of a maximum of eight groups.

3. No physical collateral is necessary; instead, the loans are guaranteed on a solidarity group basis. Group members are jointly liable for payment in the case of a borrower’s default.

5. A flat interest rate of 10% is charged on an annual basis. The repayment period is one year, and the installments are paid monthly.

6. Compulsory savings is one of the basic components of this program. Members can also contribute additional savings on top of the required amount. Members earn an annual interest rate of 5% on their savings.

8. BPW Patan has maintained a repayment rate of 100% from the very beginning of its micro credit operations.

Please join our lending team: "BPW Patan Nepal"


September 11, 2011
 
As part of an ongoing effort to fully migrate risk ratings to our new and enhanced risk rating system, Kiva has conducted a re-assessment of the level of risk posed by this institution.
 
During this re-assessment, our analysts were able to gather updated operational and financial information about the institution, as well as speak with key members of the staff. 
 
Kiva's new risk rating system, which now includes half stars, has enabled us to display BPW Patan's risk rating with a higher level of granularity. As a result, BPW Patan's risk rating will now be displayed as 1.5 stars instead of 1 star. 
 
We have prepared a blog post with more information on Kiva's new and enhanced risk rating system, along with a chart showing the relative magnitude of the overall changes for Kiva's portfolio.  To view that, please go here: http://www.kiva.org/updates/kiva/2011/09/07/kiva-risk-ratings-now-with-half-stars.html.
 
BPW Patan has been informed of the change in the display of their rating on Kiva's website.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Sep 26, 2007 Oct 12, 2005
Total Loans $387,750 $582,580,825
Amount of raised Inactive loans $0 $392,225
Number of raised Inactive loans 0 380
Amount of Paying Back Loans $34,675 $116,748,000
Number of Paying Back Loans 118 123,118
Amount of Ended Loans $353,075 $465,440,600
Number of Ended Loans 1,294 591,914
Delinquency Rate 0.00% 3.75%
Amount in Arrears $0 $2,842,426
Outstanding Portfolio $19,456 $75,775,764
Number of loanDelinquent 0 11,741
Default Rate 0.00% 1.15%
Amount of Ended Loans Defaulted $0 $5,334,744
Amount of Ended Loans $353,075 $465,440,600
Number of Ended Loans Defaulted 0 16,795
Currency Exchange Loss Rate 0.17% 0.08%
Amount of Currency Exchange Loss $641 $480,684
Refund Rate 0.30% 0.77%
Amount of Refunded Loans $1,175 $4,494,225
Number of Refunded Loans 4 5,037

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 74.17%
Average Loan Size $275 $418
Average Individual Loan Size $275 $656
Average Group Loan Size $0 $1,826
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $1,500 $3,434
Average Loan Size / GDP per capita (PPP) 18.31% 12.18%
Average Time to Fund a Loan 0.1 days 5.55 days
Average Dollars Raised Per Day Per Loan $2,861.87 $75.32
  Average Loan Term 12 months 10.28 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 400 291,324
  Journaling Rate 26.50% 42.38%
  Average Number of Comments Per Journal 0.28 0.08
  Average Number of Recommendations Per Journal 12.20 1.90

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 19% PY 22.00% PY 33.64% PY
  Profitability (return on assets) 3.5% 2.8% -1.40%
  Average Loan Size (% of per capita income) 28.50% 32.00% 41.35%

Country Fast Facts

Field Partner Staff

Abhinab Basnyat
Meena Karna
Siignida Karna
Amulya Shakya
pramila shakya
Prem Bahadur Shakya
Sahani Shrestha
sanjeev shrestha
Urmila Shrestha