Posted On: May 17th, 2019

Title of the Project      Community Micro Finance

Location of the project    Mongar

Name of the applicant      Mongar Kuendrel Namley Tshogdey

Duration of the project     12 Months

Total Cost of the project (in Nu/ EUR)      Nu  1,381,000.00

Objectives of the project             

• To provide small amount of credit to the community members of 8 villages
• To provide mortgage free quick credit to community
• To create micro finance institute in the Gewog

Target groups/ final beneficiaries       86 Members (M17, F69)

Estimated results           

• Establishment of Micro Finance Institute
• Access to credit by community members and vulnerable groups such as youth, women and elderly
• Creation of employment for school drop out youth

Main activities 

• Community Meeting
• RMA license processing
• Capacity Building & understanding business processes
• Development of accounting system and business processes
• Capacity building for accountant
• Amendment of by-laws (based on RMA compliance)
• Create Seed money for fund