THANK YOU ROTARY FOUNDATION FOR YOUR $100,000 GRANt

We are happy to announce that we have received $100,000 grant to implement new micro credit project in Nepal in cooperation with our Rotary partner Mahabouddha Rotary. 

Under the joint sponsorship of the Friends Of Nepal-New Jersey(FONNJ) and Rotary District 7510, we started distributing goats in Nepal in 2014. 150 goats have been distributed to families living in villages outside of Kathmandu. It brings us a great pleasure to report on the success of the goat distribution program and to know that the reciprocal nature of this program have continued to grow with each generation of newborn goats. As of 2018 we have distributed more than 150 goats in Nepal and many baby goats have been given to second waiting families.
GIFT OF LIFE -GOAT PROJECT

​PROJECTS AND PARTNERS

  • PATAN BUSINESS AND PROFESSIONAL WOMEN
  • FENA
  • WOMEN’S ENTREPRENEURS ASSOCIATION OF NEPAL
  • ROTARY CLUB OF BRANCHBURG
  • FRIENDS OF NEPAL- NEW JERSEY

MICRO-CREDIT LENDING

A Brief Message from Tulsi Maharjan, Chairman:

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 Stories

Mrs. Radhika Bogati,

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.

Ms. Kalpana Basnet

Ms. Kalpana Basnet, 30 years old from Koteshor joined the Cooperative 10 years ago and borrowed Rs. 10,000  first time. Now she is taking loans up to Rs. 90,000/- for her grocery store and is currently generating Rs. 6000/- to 10000/- per day sale and profit of Rs. 2000/- to 2500/- a day from her business. Her husband has been supporting her in the business. She has been able to educate her children and enjoy comfortable life. Thank you Women Entrepreneur Association of Nepal (WEAN) and Rotary club of Mahabouddha for your cooperation and collaboration.

Ms. Bishnu Baral

Ms. Bishnu Maya Baral of Koteshor came from remote village of Taplejung 18 years ago.  She learned about the loan 10 years ago and joined the Coop and opened her first Café in the village.
At first, she took 10000 then 20000 and finally Rs. 80000 to expand her business. Now she is taking Rs. 90000 loan a year and generating Rs. 10, 000/- per day sale and profit of Rs. 2500/ a day from her business.  She recently bought a small plot of land to build her own house.  

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