Nepal – Rural Poor Stimulus Facility (RPSF) – March 2022
Basanti Gharti is an employee of SK Goat Farm. She looks after the goats. SK Goat Farm, which is run by brothers Sanjay and Sandeep Khanal, received a subsidized loan from the Agricultural Development Bank Ltd (ADBL), IFAD’s implementing partner for the RPSF in Nepal, to expand their farm and the silage business associated with it.
The Khanal brothers also introduced the innovative practice of feeding silage to the goats, marking a move away from the traditional goad feeding practices. Their silage plant – initially established to meet the needs of their own farm -- has grown to become one of Nepal's leading silage companies. Through the RPSF-supported loan, they have been able to expand their goat farm, building better facilities for their goat.
In Nepal, RPSF funds supported laying the foundation for scaling-up the upcoming VITA project. The project will develop and test an application with services such as: an e-wallet for payments and remittance transfers; automated loan processing; connection of merchants to offer credit for future outputs; virtual collection centres; price/quantity/quality/service provider information; connection of buyers and sellers of inputs and produce; training material and links to YouTube videos; GIS tools for local government. To facilitate the above, the project will support local banks in the expansion of their digital services and establish cash-out points for e-wallets using agents rather than ATMs (more cost-effective).
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