| ID: | 74042 |
|---|---|
| Country: | Nepal |
| Title: | Nepal – Rural Poor Stimulus Facility (RPSF) – March 2022 |
| Description: |
Yusuf Musalmaan, the father of Akbal Musalmaan, owner of Akbal Bewasayik Vegetable Farm, sprays pesticide on the the tomato plants. This helps prevent the attack of insect ensuring a good yield. With the help of his family, Akbal cultivates seasonal vegetables in three hectares of land, with a yearly production of about 1250 quintals of vegetables. What the family doesn’t eat, they sell in Butwal, a nearby district, as well as at the nearby market. Akbal received a subsidised loan from the Agricultural Development Bank Ltd. with which he has been able to set-up a good irrigation system and purchase heavy machineries like an excavator. In Nepal, RPSF funds supported laying the foundation for scaling-up the upcoming VITA project. The project will implement a new credit card and mobile phone application for money and information transfers and automated loan processing. The RPSF grant accelerated the roll-out of Kisan cards (in Nepalese, kisan is a farmer) and app providing digital financial services, automatic loan processing, reducing face-to-face transactions and promoting financial literacy and savings to build resilience. |
| Size: | 8.32 MB; 5760 x 3840 pixels; 488 x 325 mm (print at 300 DPI); 1524 x 1016 mm (screen at 96 DPI); |
| Show more details: | Purnima Shrestha |
| Copyright: | ©IFAD/Purnima Shrestha |
| Categories: | New from Asia and the Pacific |
| URL: | ifad.org |
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