Microfinance Conference Wraps Up with Focus on Youth, Green Finance, and Economic Change

Kathmandu — The Fifth National Microfinance Members’ Conference 2082 has wrapped up in the capital, ending with a nine-point declaration that sets out a forward-looking agenda for the sector. Over two days, participants emphasized expanding entrepreneurship through microfinance and guiding young people toward self-employment.

A key priority is driving broader economic transformation. The declaration proposes initiatives like “learn while you earn” programs starting at the school level, delivered through microfinance institutions and cooperatives. It also highlights the need to equip young people with practical skills, income-generating opportunities, and support for innovation. At the same time, the sector has pledged to improve how it serves members by making interactions more respectful, transparent, and centered around their needs.

Environmental sustainability was another major theme. Through green finance, institutions aim to engage youth in building eco-friendly communities while advancing the “three zeros” vision of reducing poverty, unemployment, and carbon emissions. In response to climate challenges, each institution is encouraged to take the lead in developing at least one environmentally friendly village and to prioritize sustainable production practices.

The declaration also underscores the role of digital technology in modernizing microfinance. Plans include making services easier, safer, and more accessible, alongside efforts to boost digital literacy among members. To track progress, the sector intends to introduce clear standards for measuring both economic and social impact, supported by ongoing evaluation and improvement.

Re-engaging inactive members is another focus area. Financial literacy and entrepreneurship programs will be rolled out to bring them back into the system. The conference also called for stronger community-level awareness to counter practices that exclude disadvantaged women from accessing loans and savings services. Stakeholders across the sector, including institutions, staff, and members, have collectively committed to addressing existing challenges.

Participants stressed the importance of working together to tackle policy issues, calling for closer coordination with the government and regulators. The declaration reflects a wide range of inputs, including feedback from delegates, expert insights, and the experiences of women entrepreneurs and microfinance professionals.

Closing speakers urged immediate action to turn commitments into results. Former Governor Dipendra Bahadur Chhetri noted that microfinance has been instrumental in reaching underserved communities and driving social change, particularly in areas beyond the reach of commercial banks. He also cautioned that the sector must remain mindful of its challenges.

Dr. Vijayanath Bhattarai, another former Governor, pointed to non-performing loans as a pressing concern. With around 50 institutions serving millions of families, he stressed the need for stronger internal governance. He also called on institutions to look beyond lending alone, placing greater emphasis on entrepreneurship development and the effective use of technology.