Three Years Later: Financial Services Spur Recovery Following Nepal’s Gorkha Earthquake
Study finds that access to formal savings and loans played a critical role in coping with disaster
What the Pandemic Taught Us About Savings
Muktinath Bikas Bank offers eight different savings products, specially designed for rural and low-income people in Nepal. The 2020 European Microfinance Award winner shares their experience with savings from before and during the pandemic.
Nepal: Strategies for Post-COVID-19 Recovery Amidst Falling Remittances
Nepal, where remittance contribution to GDP in 2019 was equivalent to 27.3 percent, according to the World Bank, has lost nearly 50 percent of remittances in the past two months compared to the same period last year.
A $45M Investment in Fiscal Year 2022 Boosts Goal to Reach Over 30,000 Small Businesses in Nepal
The investment in the nation's recovering financial sector is part of a wider SME strategy, which aims to help spur a greater range of financial products and services such as psychometric scoring solutions and payment systems reforms.
Remittances Provide Temporary Cushion to Nepal’s Troubled Economy
At a time when the world economy was hard hit by the ongoing pandemic, improvement in Nepal’s remittances inflow has made it easier for the government to operate.
New SCBF Project: First-Of-Its-Kind Digital Tele-Medicine and COVID-19 Insurance Product in Nepal
In response to COVID-19, the new SCBF product upscaling project supports a local insurtech company to implement a first-of-its-kind e-health value added service product with two core features: e-health tele-consultation bundled with COVID-19 insurance.
Defying Predictions, Nepal’s Remittances Still High
Despite dire predictions about a drastic drop in remittances that Nepal gets from its workers abroad due to the COVID-19 induced economic downturn, money transfers have remained steady.
Undocumented Migrant Workers To Get Government Support for Returning Home
All the government repatriation schemes had excluded undocumented migrant workers, leaving them to languish in COVID-19 hit labor destination countries.
Banking Sector Deposits NPR 280 Million in COVID-19 Fund After Central Bank Directive
As per revised unified directives, banks and financial institutions can also contribute the fund to protect and treat their employees.
Survey Reveals Extent of the Fallout From the Pandemic on Micro, Small and Medium Enterprises in Nepal
Based on a sample of more than 540 representatives from MSMEs across all provinces, the survey revealed that over 80 percent of businesses have suffered from a slump in sales.