Rural Micro Finance
Since its establishment from the efforts of local youths and social workers, it has been conducting microfinance activities in different groups and individuals (2700 groups and more than 32000 individuals) and subsequently established 38 village level financial institutions by federating homogeneous groups. The group members have access to credit in collateral free basis and FriPAD field staff support these financial institutions and groups as well to maintain the books of accounts and preparation of financial statements for specific duration. Similarly, the group members are supported to prepare a business plan and repayment schedule of loan. The majority of group members are deprived and rural poor. In this concern, FriPAD has also been operating a savings and credit cooperative in Gunjanagar Chitwan as a learning center of saving and credit initiative in rural context.