Samriddha Pahad is a company not distributing profit registered in 2015 with the Office of Company Registrar under the clause 166 of the Company Act 2063 of Nepal. The key objective of the company is to improve the living qualityof Kanchenjunga Conservation Area communities through sustainable tourism and protecting it’s pristine nature and to promote sustainable livelihood of the people living in hill and mountain regions of Nepal. It works to improve the economic and social condition of the people by increasing their access to financial and non-financial services.
Samriddha Pahad has been implementing a two years project on A2FTPP (Access to Finance and tourism Promotion Project). SP has continued working in the districts through KCAMC (Kanchenjunga Conservation Area Management Council) in tourism promotion in Kanchenjunga Conservation Area, National Cooperative Union in Ilam in the Eastern Development Region and National Cooperative Union, Achham in the Far Western Development Region, providing services to community institutions in five districts (Eastern: Taplejung, Panchthar, Ilam; Far Western: Achham, Bajura) of Nepal.
1. Reach out to 25,000 unbanked clients into the banking mainstream in mountain areas (through from Mountain Finance Model) and change their lives.
2. By working with others to encourage systemic change of approach of banks towards mountain areas – to show that mountain people can become good clients; demonstration effects have happened as more banks follow the suit.
3. To create a truly competent Nepali organization which follow international best practice, and a model that over time move from charitable model to sustainable model was thought of over a span and in the process.
1. Loan Clients – over 25 thousand; Outreach – over 70 thousand; Investment over GBP 12 million (leverage 10 times); capacitated over 250 community institutions spread over 8 districts.
2. Significantly more banking points (i.e. branch and branchless banking) established through 15 SP partner banks. There has been a change in how banks view mountain areas as their avenue, which resulted in crowding in other players by demonstrating success (SAFAL, Sakchyam, SEDRA, etc.).
3. SP transitioned into national company – governed by renowned Nepalese – that gives it the freedom to pursue programs in other mountain regions of Nepal.
Improve living quality of Kanchenjunga Conservation Area communities through sustainable tourism and protecting pristine nature.