Nepal > Patan Business and Professional Women

About the Field Partner

Patan Business and Professional Women administers this loan. Learn more
Field Partner:	Patan Business and Professional Women
Field Partner Risk Rating:	(Learn more)
Time on Kiva:	28 months
Kiva Entrepreneurs:	688
Total Loans:	$171,400
Interest & Fees are Charged:	Yes (Learn more)
Portfolio Yield: 17% Profitability (Return on Assets): N/A Average Loan Size (% of Per Capita Income): N/A
Delinquency Rate:	0.00%
Default Rate:	0.00%
Currency Exchange Loss Rate:	0.00%
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Kiva Fundraising Status

Fundraising Status	Active
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Other Information Sources

MIX Profile	None
Network Affiliation	None
Social Performance Reporting Level	N/A
Consumer Protection Principles	N/A
Field Partner Website	None
Email Contact	ulooms@yahoo.com

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 was registered with the District Administration Office at Lalitpur under the Registration no 471/051/52 on March 12, 1995. BPW Patan is itself situated in Patan also known as Lalitpur, a famous city for fine Art.

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

BPW Patan started micro credit program with the main objective of improving socio-economic status of the poor and asset less families through increasing their access to resources for productive activities.

Mission and Objectives

The principal purpose and the mission of BPW Nepal are to work for women to improve their necessary skills in different occupation for self employment in particular and enhance the overall condition of women in general. BPW Patan‘s role in this process is to serve women by acting as the change agent and development catalyst towards the achievement of the following primary objectives:

Salient features of micro credit Program

1. The families living below the national poverty line (Nepalese Rupees 5500.00 i.e. equivalent nearly US$ 84.00 per capita income) are eligible for getting membership in a credit group. Only one member of a family can become a member of the group.

2. The eligible members are required to attend nearly a week long Pre Group Training (PGT), and the interested ones among them are organized into small group (generally of 5 members) and a center consists of maximum of 8 such groups (total 40 members in one center).

3. No physical collateral is taken against loan provided to the members of the group (clients).

4. Loan disbursed to the member is guaranteed by the group and are jointly liable for payment in case the borrower‘s default.

5. 10% flat interest rate on loans is charged annually. The repayment period is one year and the installments are paid monthly.

6. Compulsory regular saving from the group members is one of the basic components of this program. Collection of voluntary saving is also done from the individual members of the group.

7. Annual interest rate is 5 % in savings.

8. Maintain recovery rate 100% from the very beginning of its operation.