RWDC conducts financial literacy orientation « Rural Women Development Center
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RWDC conducts financial literacy orientation

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Literacy program being conducted

Dang Ghorahi, Feb 10, 2021: Gramin Mahila Utthan Kendra (Rural Women Development Center-RWDC) has been carrying out financial literacy orientation among the rural poor women, who are usually deprived of income sources to create awareness about benefits of saving money, taking micro loans for start up off small business or entrepreneurship.

Madhava Pokharel on behalf of RWDC has delivered orientations on financial literacy to as many as over 600 rural women so far. She has been assigned the main responsibility of conducting such orientations in RWDC working areas of Dang districts in Ghorahi, Narayanpur, Tulsipur, Rajpur, Gadhawa, Balubang etc where RWDC has promoted “Atmanirbhar Laghubitta Bittiya Sanstha Limited” as one of the D class banks by obtaining licence from Nepal Rastra Bank to render its financial services in the Lumbini province with its 17 branch offices with a view to reduce poverty in the country.

Types of Loans discussed in financial literacy orientation

In each of the orientation sessions that Madhava Pokharel has taken so far, she has described, explained and brainstormed  about how regular saving money can be fruitful in future in order to solve personal or family problems related to finance and how without a micro loan a dream of establishing a business remains limited to  the dream.

The concept of RWDC in promoting Atmanirbhar Laghubitta Bittiya Sanstha Limited as well recognized D class bank is to provide microloans to rural poor women and sometimes even poor men who are landholders, who aspire to do some small business to increase their daily income for livelihood or for business so that their living standard is increased and their life cycle is transformed into a better one.

Shop of one of the members who underwent literacy orientation

In other words, RWDC does not want to see any poor rural women and men to remain poor throughout their lives or die as poor. If petty loans on group collateral basis or individual land collateral basis can improve their financial conditions and help them to lead decent lives, the RWDC and its D class bank -Atmanirbhar Laghubitta Bittiya Sanstha Limited are always at services of such potential members in helping them achieving their dreams.

So, Madhava Pokhare orients them on various types of monetary loans that can be taken from RWDC promoted financial institution. For example, the beneficiaries can take general loans ranging from Rs 1000 to Rs 3,00000 on group collateral basis.

They can take seasonal loan up to Rs 30,000, Education loan up to Rs 20,000 and they can even take loans from Rs 100000 to Rs 15,00000 by mortgaging the land as main collateral to start any business by individual men or women.

one of the financial literacy trained members busy in his vegetable farming

Impacts of orientation

According to Madhava Pokhrel, many rural women who were ignorant about the benefits of saving money and taking loans from RWDC promoted D class bank Atmabirbhar Laghubitta Bittiya Sanstha Limited have now started saving regular money for pension, child education and started taking micro loans whether on group collateral basis or land collateral basis to start up their local business to enhance their income generation.

Undoubtedly, such orientations on financial literacy have further encouraged the members (rural women who are poor) to come forward to be active members not only in personal saving but also in starting some business with the money given by RWDC promoted Atmanirbhar Laghubitta Bittiya Sanstha Limited as a “D” class bank from its 17 branches spread across the working areas in Dang, Salyan, and Banke districts.

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