Deprosc Development Bank is one of the leading microfinance
banks in Nepal. The bank program is in Sarlai, Rautahat,
Bara, Parsa, Makwanpur, Chitwan, Nawalparasi, Tanhau,
Kaski and Kavrepalanchok. Among the 10 districts, Makwanpur,
Tanahu, Kaski and Kavrepalanchok are in the hills and
rest in the Terai regions (plain area).
The bank program has been increased both in terms of
outreach and volume. As of February 2006, there are 15
branches in 10 districts (Sarlahi, Rautahat, Bara, Parsa,
Makwanpur, Chitwan, Nawalparasi, Tanahu, Kaski and Kavrepalnchok.)
serving over 20,000 clients (approximately 100,000 population).
The microfinance model has been designed
by incorporating strength of Grameen model, Small Farmers
Development Program and experiences of the other microfinance
programs implemented in Nepal. The basic idea is to provide
demand driven, locally adaptable, diversified and financially
sustainable microfinance services. The bank believes that
participation of the private sector is essential for increasing
outreach and providing quality services. The bank has been
able to generate profit right from the inception and its
share has been listed in stock exchange market.
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The bank was registered on January
2001 under Company Registration Act 1997 (now Bank and Financial
Ordinance, 2005) and Nepal Rastra Bank provided operating
license on July 3, 2001 under Development Bank. Act,1996.
The bank has authorized capital amounting Rs. 23.2 million
and paid up Rs. 11.6 million. However, paid up and bank
reserves (as of Mid July 2005) is Rs. 22.7 million. |
Constantly access to financial services
for poor, particularly those living below poverty line by
providing financially viable, technically competent and
sustainable microfinance services. |
Deprosc Development Bank has been established
to provide microfinance services, which is adaptable at
local situation, cost effective, financially viable and
sustainable. The financial services to poor could create
employment to generate disposable income, for making expenditure
on basic food, health, education, shelter and clothing to
escape from poverty. |
The bank has been established to provide
qualitative and sustainable financial services to vulnerable,
disadvantaged and marginalized groups, who have not access
to the banks and financial services. However, the specific
objectives of the bank are:
- Implement professionally managed, financially
viable and sustainable micro finance program.
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- Design and offer client's friendly products
(savings and loans) by conducting market research
periodically.
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- Generate self-employment for income generation
to uplift the poor from the poverty.
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- Empower the vulnerable women groups by making
access to and control over resources and increasing
role in decision-making by providing micro
finance services.
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In the equity share structure, the participating banks and
financial institution have 48.4%, NGOs including DEPROSC contribute
15.8%, individual promoters have 5.8% involvement and 30%
has been issued for general public.
DD
Bank Board of Directors consists of : |
| Mr. Laxmi Raj Poudel |
Chairman Nepal Bank |
| Mr. Gyan Prasad Sharma |
Director CEAPRED-Nepal |
| Mr. Ramesh Lohani |
Director NABIL Bank |
| Mr. Rameshwor Koirala |
Director Agricultre Development Bank |
| Mr. Shiva Kumar Malla |
Director Lumbini Finance and Leasing Co. Ltd. |
| Dr. Virgu Rishi Duwadi |
Director General Public |
| Mr. Rana Kesav Pradhan |
Director General Public |
| Representative |
DEPROSC NEPAL |
Company
Secretary and Chief Executive Officer: |
| Mr. Bishnu Prasad Pathak |
Managing Director |
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There is 69 staff working in DD Bank,
62 in the branches and 7 in the head office. The staff are
well experienced, trained and have sound academic background
having 2 to 20 years experience in microfinance field. The
bank gives priority to local cadre while recruiting field
staff. Every candidate should take 6 months rigorous field
level training to be eligible for appointment. |
DD Bank has been managed and operated
by a group of former bankers having over two decades experiences
in rural finance. The bank board of directors has appointed
a Managing Director to execute the bank program. The managing
director has been executing the program through five divisions:
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- Account and Administration and
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The bank head office is situated in Narayanghat, Chitwan and
liaison office at Thapathali, Kathmandu for coordinating
and collaborating with other government and non-government
agencies. |
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General Assembly |
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Board of Directors |
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Internal Audit Division |
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Managing Director |
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Supervision,
Monitoring and Training Division |
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Planning, Fund
Management and Research Division |
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Planning, Fund
Management and Research Division |
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Branch Offices 15 |
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Rautahat-3,
Sarlahi-1, Parsa-2, Bara-3, Makwanpur-1,Chitwan-1,
Kavre-1, Kaski-1 Nawalparasi-1 and Tanahu-1 |
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| Solidarity Groups |
Solidarity Groups |
Solidarity Groups |
Solidarity Groups |
Solidarity Groups |
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| strategies and approaches |
DD Bank has following strategies and approaches:
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- The bank believes on following themes in microfinance
program:
- Increase outreach by scaling up the program
and designing demand driven products
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- Reaching bottom poor and vulnerable groups,
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- Ensure financial viability and sustainability
of the program,
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- Improve lives of the poor and disadvantages
groups.
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- The bank has research and training wing to conduct
survey, impact study and training to in-house staff
and develop human resources in this microfinance
sector.
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- The bank has been providing micro-enterprise
loans for graduated and entrepreneurs clients.
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| Poorest of the poor, poor and non-poor
vulnerable, |
Focusing on those having:
generally thatch house, |
own <0.5 ha. of irrigated land or <
1 ha. of irrigated land per family of 5 persons,
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having < Rs. 4500.00 per capita income(as
per 2000 price index |
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| Widow and disadvantaged schedule
caste, |
| Program exclusively focuses on rural women. |
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The bank has affiliated with Nepal
Microfinance Bankers Association, Micro-credit Summit Campaign
and CGAP/MIX and working in collaboration with Plan International,
the central bank of Nepal, commercial banks and IDA, and
Winrock International. |
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