Top scroll news

“Engage Micro finance Change Lives “
Stop Violence Against Women”
“Communication,  Human Rights  & Development” 
“Stop Child Labour”
“Our Fight against Poverty will continue until Poverty Exist in Nepal”
“Establishment of Poverty free inclusive Nepal”
“No Big And Rough  Small and Beauty Micro finance”

Loan Product:

NESDO Nepal’s Loan Product:

NESDO Nepal continues to keep reforming its loan products according to the changing necessity of the clients so as to support and strength the socio- economic condition of the ultra-poor community. NESDO Nepal has been providing various kinds of loan in different categories without collateral to its clients. At present NESDO Nepal granted a maximum amount of Loan Rs.200000 to its clients based on group guarantee. Up to 15th January 2018   NESDO Nepal disbursed (Rs.15116351946) 15116  million. The Loan Product of NESDO Nepal is broadly divided in to three categories.

  1. Productive Loan .
  2. Social Security Loan .
  3. Special Loan.

Productive Loan:

Under this loan categories clients take loan for productive purposes. Under this category four types of loan has been available for clients.

1.1. General Loan:

This is basic loan for NESDO Nepal micro finance clients. This loan is provided for productive purpose /income generating activities only. When a new client enrolls in the program, she/he is eligible for general loan maximum up to Rs. 90000 . The initial loan size is Rs. 50000 and Every year the loan size will increase by Rs.10000.The repayment can be made within 12 months from the loan disbursement.

1.2. Agriculture/Live Stock Loan:

In order to promote agriculture NESDO Nepal provide agriculture/live stock loan to its clients.The loan size start form Rs.80000 to maximum up-to Rs.150000.Clients can take this loan for agriculture production and live stock business. The repayment can be made within 18 months from the loan disbursement.

1.3. Business Loan:

This Loan is especially designed for small business group member running small business and needs working capital for the same.Clients having business already can take this loan at the same time clients wants to start a new business can also take this loan by submitting business plan.The 1st loan cycle is starting form Rs. 90000 and the maximum loan size is Rs.200000. The repayment can be made within 18 months of the loan disbursement.

1.4. Micro enterprise Loan:

This Loan is especially designed for Micro enterprise group member running small business and needs working capital for the same.Clients having business already can take this loan at the same time clients wants to start a new Micro enterprise can also take this loan by submitting business plan.The 1st loan cycle is starting form Rs. 100000 and the maximum loan size is Rs.300000. The repayment can be made within 30 months from the loan disbursement.

1.5. Microenterprise Loan With Coleteral :

This loan Product is designed to address the need of the Missing Middle. The Loan Size is Rs. 300000 to Rs.1000000. 

2. Social Security Loan:

Under Social security Loan NESDO Nepal provide eight different types of loan to its clients.

2.1. Consumable Loan:

In order to promote clients business or for the day to day needs of the clients a clients can apply for this type of loan. Generally a clients take this loan for purchasing computer, Refrigerators, Television,Telephone sets etc. She/he can use these items in her/his business or for personal use.As per the need of the clients NESDO Nepal can provide cash or consumable items.This loan is not available for all, it is need base. The maximum loan size is Rs.50000, to be repay within 12 months from the disbursement.

2.2. Festival Loan:

In order fulfill the need of the clients in the festive season, NESDO Nepal provides festival loan to its clients.The minimum loan size is Rs. 10000 and the maximum size is Rs. 20000. A clients can repay this loan at a time or can repay within one year from the date of disbursement disbursement. There is no monthly installment is applicable for this loan.This loan should not exceed 15% of the total loan outstanding of the branch office.

2.3. Emergency Loan:

In order to meet the emergency need such as in case of accident,sudden illness of client’s family member,school admission of clients’ children ,for maternity expenses and many more,NESDO Nepal provide Emergency loan to its clients. The clients can directly get this loan from the branch office depending upon his/her emergency,no center meeting is need for the approval of the loan. The branch manager is fully responsible for the emergency assessment and if he thinks the situation is right he can disbursed the loan.If the client repay the loan within one month then no interest will be charged otherwise she/he will pay the full interest.At the same time if it is found that the information provided by the client is wrong then the loan is treated as general loan.The Maximum limit is Rs.20000.The loan will be repaid within one year from the date of disbursement.

2.4. Senior Citizen/Single Women Loan:

Clients who lost their husband, or not having good relationship with family members and spend their life as single such types of clients can take this loan. In order to get this loan the clients has to produce death certificate of her husband/divorce paper in the branch office. The clients who cross 55 years is eligible for senior citizen. The maximum loan size is Rs.20000. The repayment will be made within one year of the date of loan disbursement.

2.5. Educational Loan:

Educational Loan is for the higher education of the client’s children.The maximum loan size of this loan is Rs.100000. The repayment is started after he/she complete his/her education. During the period only interest is to paid by the client.In order to get this loan the clients has to produce all educational documents.

3. Special Loan :

NESDO Nepal provide seven different types of loan under Special loan category.

3.1. Seasonal Loan:

Clients take this loan for seasonal business.This loan is also treated as the working capital for clients business.After the 1st loan repayment the client is eligible for seasonal loan. This loan is disbursed in second year.The minimum loan size is Rs.5000 and the maximum limit is Rs.20000 and will be repay within one year from the date of loan disbursement.

3.2. Special Member Loan:

If a clients fulfill the following requirement she is eligible for Special member loan.

  • Repay the second loan.
  • Never delay in repayment.
  • 100% attendance in center meeting.
  • Disciplined.
  • Never Borrower form other clients in center meeting .
  • 100% Loan utilization.
  • Help in outreach expansion.

The maximum loan size is Rs. 50000 and repay within one year from the date of laon disbursement.

3.3. Committed Member Loan:

Client who doesn’t take any loan for the last three and fulfill the following requirement is eligible for Committed member.

  • 100% Attendance in center meeting.
  • Disciplined.
  • Help in outreach expansion.
  • Committed to Organization/Institution.

The maximum loan size is Rs.30000 to be repay within one year from the date of loan disbursement.

3.4. Housing Loan:

“A World where every one has a decent Place To Live” NESDO Nepal has been working for affordable housing by providing financial and technical support for poor homeless families. The objective of this loan is to provide shelter to poor homeless families with safe water and sanitation facilities. NESDO Nepal provides housing loan with lower interest rate for those who don’t have a house to live.At the same time NESDO Nepal provides technical knowledge on low cost housing.The Maximum loan size is Rs.200000 with out collateral and to be repay within 36 months from the date of  loan disbursement.So far NESDO Nepal provides housing loan and technical support to 9850 ultra-poor families.

3.5. Natural Calamity Loan:

Natural calamities are unexpected. Every year our clients affected by various natural calamities like flood, landslide, fire,earthquake. NESDO Nepal develop this loan product to address these issues of clients.This loan is specially for rehabilitation after the calamities. The Maximum loan size is Rs.200000 at a lower interest rate to be repaid within 36 months from the date of loan disbursement.

3.6. Greenery Promotion Loan:

From Its inception NESDO Nepal has been working in the field of greenery promotion. At the same time NESDO Nepal developed a flexible loan product for greenery promotion to its clients. Clients take this loan for the construction of bio-gas plant, installation of solar panel, improved cooking stove and plantation of herbal plant.The maximum loan size is Rs.100000 and will be repay within 24 months from the date of loan disbursement.

3.7. Foreign Employment Loan:

If the family member of a clients wants to go abroad for employment then the client can apply for this loan provided that then client is enroll in the program for the last one year and have a good track record of credit and saving in the center. In order to get this loan the clients has to produce the following documents.

  • Copy of Passport and Citizenship Card.
  • Letter from the Employer Company.
  • Medical Certificate of the person going abroad.
  • Visa Letter.
  • Recommendation from the Center Meeting.

The maximum loan size is Rs. 200000 to be repay within 24 months from the date of loan disbursement.

Loan Composition:

S.

No.

Component

Financial Year

2070-2071 2071-2072 2072-2073 2073-2074 2074-2075
1. General Loan (Rs.) 675077026 981664474 1350105271 1603176897 1243956565
2. Seasonal Loan(Rs.) 26759848 25240360 25308856 40935232 47456315
3. Business Loan(Rs.) 36107966 51735524 68587483 111760600 729273055
4. Housing Loan(Rs.) 42407626 64529572 73401382 90955504 87845519
5. Emergency Loan(Rs.) 373148 1088050 5793371 11110191 13435590
6 Festival Loan 49794725 62997415 120869124 86868108 51938809
  Total Loan 830520339 1187255395 1644065487 1944806532 2173905853

Loan by Purpose: 

NESDO Nepal’s Clients receives loan for different purpose. Most of them are related to Retail business, Micro enterprise business, Agricultural activities, animal husbandry, Poultry etc. The table below shows the purpose wise loan outstanding.

S.

No

Purpose

Financial Year

2070-2071 2071-2072 2072-2073

2073-2074

2074-2075

1 Agriculture/Livestock(Rs.) 182714475 237451079 394575717 466753567 521737404
2 Micro enterprise(Rs.) 49831220 83107878 98643929 116688391 130434351
3 Small Business(Rs.) 523227814 771716007 1019320602 1205780049 1347821628
4 Service Business(Rs. 49831220 59362770 82203274 97240326 108695292
5 Others(Rs) 24915610 35617661 49321965 58344199 65217178
 

Total(Rs.)

830520339 1187255395 1644065487 1944806532 2173905853

Loan Disbursement, Repayment and Outstanding:

In Order to reduce poverty NESDO Nepal has been providing various types of loan to its member as per their requirement. The table below shows the growth trend of borrowers and loan outstanding during 2069-2074. Up to 15th January 2018 NESDO Nepal disbursed Rs(Rs.15116351946) 15116 million with 99.98% recovery rate.

S.No.

Components

Financial Year

2070-2071 2071-2072 2071-2072 2072-2073 2073-2074
1. Borrowers (by year) 6304 6441  6485 183 -1349
2. Borrowers (Cum) 33719 40160  46645 46769 45420
3. Loan Disbursed (by year Rs) 1508809630 2164436100  2994449859 3608104102 4090554187
4. Loan Disbursed (Cum Rs) 4289597073 1126274109  9448483032 13056587134 17176379320
5 Loan Recovered (by year Rs) 1201641877 1807701044  2537639767 3307363057 3861454866
6. Loan Recovered (Cum Rs) 3459076734 5266777778  7804417545 11111780602 15002473467
7. Loan Outstanding (Cum Rs) 830520339 1187255395  1644065487 1944806532 2173905853

Loan Product Details:

S.

No.

Particulars

Product Name

Loan Size

Min-Max(Rs.)

Loan Tenure

Interest Rate (P.a)

 

1.

 

Productive Loan.

General Loan 50000 to 90000 12 months 20%
Agriculture/Livestock Loan 80000 to 150000 18 months 17%
Business Loan 90000 to 200000 18 Months 20%
Micro enterprise Loan 100000 to 300000 30 Months 20%
Micro Enterprise Loan(With Coleteral) 300000-1000000 36 Month 16-20%
 

 

2.

 

Social

Security Loan.

Consumable Loan 50000 12 Months 18%
Festival Loan 10000 to 20000 12 Months 16%
Emergency Loan Up to 20000 12 Months 0-15%
Senior Citizen Loan Up to 20000 12 Months 15%
Educational Loan Up to 100000 12 Months 15%
 

 

 

3.

 

 

 

Special Loan.

Seasonal Loan 5000 to 30000 12 Months 20%
Discipline Member Loan Up to 50000 12 Months 16%
Committed Member Loan Up to 30000 12 Months 16%
Housing Loan Up to 200000 24 Months 18%
Natural Calamity Loan Up to 200000 36 Months 16%
Greenery Promotion Loan Up to 100000 24 Months 18%
Foreign Employment Loan Up to 200000 24 Months 18%

Note: (Rs. Denotes Nepali Rupees).