completed· Livelihoods

Sustainable Access to Finance in Nepal (SAFAL-NEPAL)

Project’s Goal: Reduction in poverty in Nepal's remote and rural areas, particularly hill and mountain communities in Nepal through sustainable access to finance, appropriate livelihood opportunities and local institution strengthening. Project’s Outcome: Sustainable increase in income and access to finance opportunities of those living in Nepal's rural and remote areas, particularly the hill and mountain communities, bringing about a systemic transformation in the delivery and access of financial services. This is expected to be reached through three outputs: - Output 1: Capacity building of formal and informal community institutions (SACCOS, Agri Coops, CFUGs, etc) for improved access to financial services, livelihood opportunities, and market linkages. - Output 2: Improved access to microfinance services (credit, savings, micro-insurance, and remittance) and livelihoods support for rural and remote clients through catalytic support to MFIs for establishing new branches in financially excluded areas. - Output 3: Piloting and targeted scale-up of innovative practices and technology (guarantee fund, mobile money) to provide financial services through participating financial institutions.