Samriddha Pahad ( "Prosperity in the Mountains") is an organization that dates back to 2009 and
was founded with the intention of enhancing the welfare of mountain communities
by facilitating access to financing and other opportunities for sustainable
Graham Wrigley, who had been involved with Nepal since the
early 1980s and had worked in rural north India in microfinance with a
successful not-for-profit organization called CASHPOR, put together a team of
Nepalis to launch the program known as "Samriddha Pahad" in Nepal.
Together, they sought to comprehend how mountain villages may be better
integrated into Nepal's financial and economic development. The Wrigley family,
Blueberry Hill Charitable Trust, and Samriddha Pahad UK have all contributed
Three initial goals were set for Samriddha Pahad (SP):
(1) to give 25,000
people in Nepal's remote regions access to finance where they hadn't previously
had such access;
(2) to demonstrate
the viability of the "Mountain Finance" model so that other banks and
financial institutions would feel confident offering their services in
mountainous regions; and
(3) to establish SP as a Nepali-owned and run organization.
10 years on, significant progress has been made. SP has raised $ 16m for 26,000 clients and 250 community institutions in the east and far west mountain districts of Nepal. Several bigger programmes have followed, and today there is much greater access to finance than back in 2009, though there is still more to be done, and in 2015 Samriddha Pahad was registered as a fully independent not for profit organisation in Nepal, under the section 166 of Company Act 2006 of Nepal.
Significant advancement has been made after ten years. For
26,000 clients and 250 community organizations in Nepal's far east and far west
mountain districts, SP has raised $ 16 million. Although there is still work to
be done, a number of larger programs have since been implemented, and today
there is much greater access to financing than there was in 2009. In 2015,
Samriddha Pahad was registered in Nepal as a fully independent not-for-profit
organization under Section 166 of the Company Act 2006 of Nepal.
Currently, Samriddha Pahad continues to support its 250
partner community institutions through its "Samriddha Kanchenjunga"
project. We are also heavily active in the Kanchenjunga Conservation Area,
working with community institutions to develop sustainable tourism.
Today, Samriddha Pahad is providing ongoing support to existing 250 partner community institutions and we are deeply involved in Kanchenjunga Conservation Area working with community institutions and creating sustainable tourism through an initiative called "Samriddha Kanchenjunga".
Samriddha Pahad's mission is to develop local institutions,
improve the quality of life for communities living in the Kanchenjunga
Conservation Area, and improve the lives of mountain communities through
appropriate livelihood possibilities and sustainable access to finance.