The Centre for Self-help Development (CSD) one of the pioneers of microfinance in Nepal convened its 27th Annual General Meeting on October 26, 2018 in Kathmandu. The meeting was attended by its individual and institutional members. The distinguished members and guests of the AGM were welcomed by the Executive Chief of CSD, Mr. Bechan Giri.
Mr. Shankar Man Shrestha, the Chairman of the Governing Board chaired the program and also presented a brief report on the progress and the financial status of the Centre followed by its future programs. Mr. Shrestha said, “It is the responsibilities of all the CEOs to come forward and lead their respective organizations in the right direction following the fundamentals, norms and values of microfinance. It is now time to create a new generation in the sector and inherit the learnings to secure the future of the Nepalese microfinance sector.”
The 27th AGM also elected a new Governing Body that would steer and guide the organization. The new Board Members comprised of Mr. Shankar Man Shrestha, Mr. Mahendra Kumar Giri, Ms. Shova Bajracharya, Mr. Mani Kumar Arjyal, Dr. Sumitra Manandhar Gurung, Dr. Gopal Dahit and Mr. Dambar Bahadur Shah.
The members of the AGM passed the Balance Sheet and Profit and Loss Accounts of FY 2017/18 and the programs and strategies of FY 2018/19. The Chairman, Mr. Shrestha also announced that the upcoming Second National Microfinance Members’ Summit is being held in Kathmandu from December 1–2, 2018 under the coordination of the Centre. The First Summit held from May 15 – 16, 2016 witnessed a gathering of around 600 microfinance women members and microfinance practitioners in the capital and provided a platform to hear the stories and experience of the members.
During the discussion the Managing Director of Nerude Laghubitta Bittiya Sanstha Ltd. Mr. Mani Kumar Arjyal, Chief Executive Officer (CEO) of Sahara Nepal SACCOS Ltd., Mr. Mahendra Kumar Giri, Chairperson of Womi Microfinance, Ms. Bindiya Pradhan, Chief Executive Director of Nava Prativa Saving and Credit Cooperative Ltd. Mr. Ram Prasad Kafle, shared their experience of the microfinance sector. Majority of the members emphasized on the need to tackle the problem of multiple financing and duplication that has plagued the sustainability of the microfinance sector and the need to improve the level of financial literacy of the clients.
Mr. Mahendra Kumar Giri proposed CSD to undertake the development of manuals emphasizing on entrepreneurship and financial literacy in the near future.
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The Centre for Self-help Development (CSD) one of the pioneers of microfinance in Nepal convened its 27th Annual General Meeting on October 26, 2018 in Kathmandu. The meeting was attended more...
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