Friends of Nepal - New Jersey

Micro Credit Program

Founded on a novel idea that education and financial support, not charity, provides the surest way out of poverty for poor families the Rotary Clubs of Branchburg in collaboration with Homes of Hope- Nepal and Friends of Nepal- New Jersey established the “Legacy of Hope – Micro Credit Project” to provide destitute women with a micro-credit loans. As a result, these women have gained knowledge and source of income for themselves and their families. This partnership has helped more than 1000 women in Nepal to empower them to take control of their lives, improve their family’s standard of living and provide what every mother wants for her children — hope for a brighter future through better nutrition, health care and, most importantly education.

Our goal is to reach more than 5,000 borrowers within 5 years — providing a hand up to the working poor. Unlike charity, Micro Credit provides loans over and over again, multiplying the resources of poor communities.

LEGACY OF HOPE - Micro Credit Success Story.
Mrs. Radhika Bogati,
Moved from Ramechap to Kathmandu 18 years ago. She joined the Cooperative in Koteshor about 12 years ago and took Rs.10,000 loan to start her Grocery store. Now she is taking Rs. 80,000 loans a year. With this loan she has been able to generate Rs 4000 to 5000 per day sale and make Rs.1500 profit a day. With this saving she has been able to support 3 children and also built her own home. Thank you Women Entrepreneur Association of Nepal (WEAN) and Rotary club of Mahabouddha for your cooperation and collaboration.