KATHMANDU: MetLife Foundation has collaborated with Center for Self-Help Development (CSD) Nepal for strengthening the financial conditions and transferring digital knowledge to women entrepreneurs affiliated with various microfinance institutions (MFIs) in Nepal. As part of this initiative, CSD will work closely with prominent women entrepreneurs from different MFIs to upskill their entrepreneurial competencies through extensive training, mentorships, and networking opportunities.
This partnership aims to develop an inclusive business environment for emerging women entrepreneurs in Nepal. A support of total $50,000 will be utilised to uplift around 5,000 women entrepreneurs through entrepreneurship and innovation training, financial and digital knowledge transfer sessions, access to local and international markets, and development of networking communities around the country. MSC Global Consulting, a boutique consulting firm has associated with CSD Nepal to coordinate this project through various MFIs around Nepal.
MetLife Foundation’s support towards Women Led Businesses (WLB) aims to boost women’s involvement in businesses and protect them through vulnerabilities with the market. An introduction to digital trends and financial expertise is expected to help women entrepreneurs to overcome their fears and provide them with the confidence to make better decisions for a sustainable livelihood. MetLife Foundation has pledged to embrace equity through inclusivity and independence as part of this year’s International Women’s Day within India, Bangladesh, Nepal, and Vietnam.
Regarding the initiation of this partnership, Nirmal Kajee Shrestha, Vice President, and General Manager of MetLife Nepal said, “MetLife Foundation’s support to women entrepreneurs will provide them the access to necessary resources and help them flourish their businesses through advancement in their technical and digital capabilities along with exposure to local and global marketplace.”
MetLife Foundation is committed to driving inclusive economic mobility for underserved and underrepresented communities around the world. The foundation collaborates with nonprofit organisations and provides grants aligned to three strategic focus areas — economic inclusion, financial health and resilient communities — while engaging MetLife employee volunteers to help drive impact. MetLife Foundation was established in 1976 to continue MetLife’s long tradition of corporate contributions and community involvement. Since 1976, MetLife Foundation has contributed over $900 million to strengthen communities where MetLife has a presence. To learn more about MetLife Foundation, visit.
Likewise, CSD Nepal established in 1991, is among the pioneers of microfinance service providers in Nepal supporting the women entrepreneurs through collateral free loan services. Currently, CSD serves the microfinance sector as a national-level level training and research institute for microfinance and cooperatives. It jointly works with microfinance, cooperatives, government and non-government organisations operating at both national and international scales.
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Published Date: April 6, 2023, 12:00 am
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