Friends of Nepal - New Jersey
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.

Micro Credit in Bohara Gao

Helping the Community

Micro-loan Project - Income Generating Program

Microfinance is an effective tool that can help reduce poverty and spread economic opportunity by giving poor people access to needed fund to start a new business. FONNJ in cooperation with the Rotary International,  distributes small loans that begin at Rs. 10,000 to Rs. 15,000 to poor women so they can start and expand simple businesses and increase their incomes. Their micro-enterprises range from raising cows and goats in order to sell their milk, to opening a village tea shop and Tailoring.

FONNJ uses the group lending model where poor women guarantee each other’s loans. Borrowers undergo financial literacy training and must pass a test before they are allowed to take out loans. Weekly meetings with borrowers follow a highly disciplined approach. Re-payment rates on our collateral-free loans are more than 99% because of this systematic process.  

To most, microfinance means providing poor families with very small loans (microcredit) to help them engage in productive activities to grow their small businesses.

FON-NJ executive team worked with the Mahila Adarsha Sewa Kendra (MASK) in Kathmandu on a Micro-Loan – IG Program. From 2004 to 2008 FONNJ provided  US$ 7000.00  to sponsor 500 widows in Nepal. The low interest loan was used to help underprivileged women start new business in Nepal. The MASK coordinated this event.

Members of FON-NJ are invited to meet with these recipients during their visits to Nepal and interview them. The Women’s Development Committee will coordinate and raise funds for this project. If anyone interested in being a member of this committee, please contact us at


A new microcredit project was started in 2010 in collaboration with the BPW of Patan and Rotary Club of Mahabouddha in Patan to provide microcredit.  Rotary Internaional grant of $13,000 provided loans to help 100 women in 2010-2011.  This fund will be recycled each year.  We would like to thank Branchburg Rotary club and FONNJ members for providing funds for this project as well.   

Micro Credit Success Story

2011 Micro Credit Project Report

Bohara Gao Micro Credit Recepient




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