The inaugural national conference of the chief executive officers (CEOs) of microfinance institutions was organised by the Microfinance Association of Nepal (MAN), the country’s operator of microfinance institutions.
According to Jagat Pokharel, president of the association, the two-day summit in Kathmandu ended with a nine-point commitment letter. He stated that the commitment letter was issued following intensive conversations between the conference’s CEOs and MAN specialists and authorities.
The commitment letter covers topics like running the programme without duplicating members while expanding the branch office, obtaining a letter of acceptance of the previous microfinance institution’s resignation before appointing the staff, running the staff’s efficiency enhancement programme, and providing timely services. Similarly, the CEOs have pledged to reduce the organization’s costs by maximising the use of information technology and to give members with transparent information.
They also pledged to eliminate unhealthful competition among microfinance organisations and branches. According to Rabin Pokharel, Chief Executive Officer of the MFAN, about 40 CEOs of MFIs from across the country attended the meeting.
Dr. Prakash Shrestha, Executive Director of Nepal Rastra Bank, Dr. Man Bahadur BK, Former Secretary to the Government of Nepal and Microfinance Expert, and Dr. Bharat Singh Thapa, Microfinance Expert and Associate Professor of Tribhuvan University, trained the participating Chief Executive Officers. Earlvato Lazavechia, a microfinance professor and professor at the University of Padova in Italy, also conducted training via Zoom.