Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

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.

 


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Sep 26, 2007 Oct 12, 2005
Total Loans $843,950 $1,342,243,800
Amount of raised Inactive loans $0 $1,129,300
Number of raised Inactive loans 0 1,461
Amount of Paying Back Loans $100,675 $147,423,550
Number of Paying Back Loans 206 194,726
Amount of Ended Loans $743,275 $1,193,690,950
Number of Ended Loans 2,334 1,537,959
Delinquency Rate 0.00% 10.51%
Amount in Arrears $0 $9,735,701
Outstanding Portfolio $45,579 $92,639,883
Number of Loans Delinquent 0 57,667
Default Rate 0.00% 1.76%
Amount of Ended Loans Defaulted $0 $21,037,796
Number of Ended Loans Defaulted 0 51,424
Currency Exchange Loss Rate 0.12% 0.39%
Amount of Currency Exchange Loss $1,023 $5,195,382
Refund Rate 0.14% 0.59%
Amount of Refunded Loans $1,175 $7,939,025
Number of Refunded Loans 4 7,847

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 76.42%
Average Loan Size $332 $394
Average Individual Loan Size $332 $609
Average Group Loan Size $0 $1,762
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $2,400 $5,773
Average Loan Size / GDP per capita (PPP) 13.84% 6.82%
Average Time to Fund a Loan 0.12 days 7.13 days
Average Dollars Raised Per Day Per Loan $2,853.37 $55.26
  Average Loan Term 12.41 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 400 796,440
  Journaling Rate 14.56% 43.15%
  Average Number of Comments Per Journal 0.28 0.03
  Average Number of Recommendations Per Journal 12.20 0.80

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 25.24% PY
  Profitability (return on assets) 3.5% 2.8% -1.43%
  Average Loan Size (% of per capita income) 28.50% 32.00% 12.96%

Country Fast Facts

Field Partner Staff

Chris Baker
Abhinab Basnyat
Ambi Joshi
Meena Karna
Siignida Karna
Bpw Patan
Amulya Shakya
Pramila Shakya
puspa shrestha
Sahani Shrestha
Urmila Shrestha