United Nations
Information Centre | Nepal
Understanding the Demand for Financial Services in Nepal
PDF File Size: 3.11 MB | Download   
Nepal has a unique geography consisting of mountains, hills and Terai, which makes it difficult for any financial institution to provide financial services to every part of the country. Formal and informal financial service providers have been attempting to reach more customers at various levels and provide them with a range of financial services. Various studies have shown that people have become aware of different types of financial services, which suggests that people use them more now than they did in the past. This research was an attempt to take a deeper look at people’s experience of existing financial services and their providers. In addition, it aimed to identify definitive indicators that would help to create a road map for the delivery of effective financial services in Nepal. The research covered 25 districts spread over fie development regions. During the research, the team spoke to 1,019 respondents and tried to understand their perspectives on existing financial services using six different qualitative research tools: focus-group discussions, life cycle analysis, financial sector trend analysis, seasonality analysis, product attribute ranking and relative preference ranking. Financial service providers in Nepal include formal entities such as banks, micro fiance institutions and co-operatives, as well as informal entities such as moneylenders, unofficial groups and friends. This research clearly indicated that preference for formal financial service providers has grown in the last 10 years, while the use of informal financial service providers such as moneylenders, relatives, friends and Dhukuti groups has decreased. Interestingly, the use of informal groups to meet financial needs (i.e., women’s, mothers’ and sisters’ groups) has increased in the past 10 years. Research also highlighted seasonal patterns of income, expenditure, credit and savings of respondents, and the underlying reasons for peaks and troughs. Another aspect of the research was meant to capture the attributes respondents sought when choosing financial service providers. Two key attributes were trustworthiness and ease of access. Research also identified the service providers that people preferred because of the attributes those service providers embodied. Respondents rated banks, micro finance institutions, co-operatives and informal groups, amongst others, on various attributes that were important to them.
Publisher:
MM4P, UNCDF ,   (2014 )
Type / Script:
Progress Report in English
Keywords:
MOBILE MONEY FOR THE POOR (MM4P), FINANCIAL INSTITUTION, FINANCIAL SERVICES, DEVELOPMENT REGIONS, FINANCIAL SERVICE PROVIDERS, INCOME, EXPENDITURE, MICRO FINANCE, NEED-BASED PRODUCTS, , FINANCIAL ASSISTANCE, FINANCIAL PRODUCTS, DEVELOPING MECHANISM, MONEYLENDERS, INSURANCE COMPANIES, REMITTANCE COMPANIES, CO-OPERATIVES, FINANCE COMPANIES, SAVINGS, CREDIT, FINANCIAL STATUS, FINANCIAL NEEDS, CHILDREN’S EDUCATION, MARRIAGE, TRUSTWORTHINESS, FINANCIAL LITERACY, GENDER
Thematic Group:
 UNCDF : Capital Development
Thesaurus:
02.11.00  -  Banking And Investment
Reference Link:
** This document has been:
961  times viewed
38  times downloaded.
Feeder: ANJANA SHARMA , Editor: ALISHA THAPALIYA , Auditor:

View Document History
Related Topics
Potential Agents in Nepal
Nepal Rastra Bank Enhancing Access To Financial Services (EAFS) Project
Project Overview 2010 and 2011 - Nepal Rastra Bank Enhancing Access to Financial Services (EAFS) Project
A Customer’s Journey Towards Using Financial Services in Nepal
UNCDF Programme Framework for Financial Inclusion
Digital Financial Services In Zambia 2014- Briefing Note 1
Access to Financial Services in Nepal
Mobile Money for the Poor
ACCESS TO FINANCIAL SERVICES PROJECT: ENHANCING ACCESS TO FINANCIAL SERVICES (EAFS)
Access To Finance (A2F) officially starting in Nepal
Enhancing Access to Financial Services Project Releases its Project Overview Report 2010-2011
GIS Info Sheet: Dolakha District - FSPs, Market Functioning and Road Access
Digital Finance Product Concepts For Central and Eastern Nepal
Digital Financial Services in Nepal - Understanding the Hurdles to Scale Agent Banking in Nepal
Mid-Term Evaluation: Enhancing Access to Financial Services (EAFS) – Nepal
Assessment of Agent Networks in Nepal
Seminar and workshop report on micro-insurance - Nepal, 20-22 June 2000
A Customer’s Journey Towards Using Financial Services In Nepal: First Steps To Access Financial Services
The Use Of Remittances And Financial Inclusion
NEPAL Annual Monitor 2016
UNNATI : Access To Finance ( A2F ) Project
Remittances And Financial Literacy
Nepal Annual Monitor 2015
Financial Education for Youth - Trainee's Guide
Financial Education for Youth - Trainer's Manual
Country Strategic Opportunities Programme (COSOP) - IFAD Nepal 2013-2018
Digital Financial Services in Nepal- Selecting Agents for Financial Services in Nepal
Strengthening National Rural Transport Programme (SNRTP)- 2016
UNCDF and Tootle Partner to Bring Door to Door Financial Services
Digital Financial Services in Nepal - Scaling Up Digital Financial Services In Rural Areas
Enhancing Access to Financial Services (EAFS)
2016 Health SDG Profile: Nepal WHO
Digital Financial Services in Nepal - Briefing Note 4 : Understanding the Hurdles to Scale Agent Banking in Nepal ( June 2015 )
Digital Financial Services in Nepal - Briefing Note 3: Selecting Agents For Financial Services In Nepal
Digital Financial Services in Nepal - Briefing Note 1: Developing a Digital Financial Services Strategy in Nepal (February 2015)
Enhancing Access to Financial Services (EAFS) Mid-term Evaluation
Nepal Rastra Bank Enhancing Access to Financial Services (EAFS) Project
Expression Of Interest: Financial Service Providers
Turning Tradition to New Ends : Improving Water Mills in Nepal
South Aisan Project Against Debt Bondage : Findings On Debt Bondage : Baseline Study into Vulnerability To Debt Bondage In Banke District Nepal
BRICS aid to education from the recipient's point of view: the case of Nepal
Digital Financial Services In Uganda 2014- Briefing Note 1
BRICS Aid to Education from the Recipient's Point of View the Case of Nepal
Value Chain Analysis- Incense Sticks
Nepal Report on the Observance of Standards and Codes Accounting & Auditing
Child-related financial transfers and early childhood education and care: A Review of Key Developments, Impacts and Influences in Child-Related Support to Families
The Road to Recovery - Cash transfers as an emergency response and a catalyst to enhance the social protection system in Nepal
Synopsis of the District Climate Public Expenditure and Institutional Review
जलवायु परिवर्तनसम्बन्धी खर्च तथा संस्थागत संरचनाको पुनरावलोकन अध्ययनको सारांश
Digital Finance Product Concepts for Western Nepal
In The Know - UNDP Nepal Newsletter - Issue 40 April 2010
Digital Financial Services in Nepal - Building an In-House Mobile Money Platform
National HIV Testing and Treatment Guidelines 2017, Nepal
HEALTH IN THE SDGs ERA
Impact brief: High-Value Agriculture Project in Hill and Mountain Areas
Economic Security of Women Migrant Workers; A Pilot Reintegration Programme: Making Remittance Work for Women
Support to Financial inclusion in Nepal - 2014 - 2018- Through the "Access to finance" (A2F)
Strengthening National Rural Transport Programme (SNRTP) - 2015
Demand Analysis on Remittances in Nepal
Building Agribusiness Capacity of Smallholder Farmers to Market Safe Produce of Good Quality (TCP\NEP\3503)
Rapid Enterprise and Livelihoods Recovery Project (RELRP) UNDP Nepal
Commercial Application of New Indigenous Technologies : A Case Study of Nepal (October 1984)
LDF Programme Operation Guidelines
Kisankalagi Unnat Biu-Bijan Karyakram (Improved Seeds for Farmers Programme)
PROMOTING INFORMED POLICY DIALOGUE ON MIGRATION, REMITTANCE AND DEVELOPMENT IN NEPAL
THE FUTURE FOR CLIMATE FINANCE IN NEPAL Government of Nepal National Planning Commission United Nations Development Programme United Nations Environment Programme Capacity Development for Development Effectiveness Facility for Asia Pacific
Public Expenditure and Financial Accountability Assessment : Nepal PFM Performance Assessment II
NEITHER HEROINES NOR VICTIMS : Women Migrant Workers and Changing Family and Community Relations in Nepal
Interactive Dialogue 6: A strengthened Global Partnership For Realizing The Post-2015 Development Agenda
Joint Statement By International Development Partners In Nepal On The Occasion Of The International Day of Anti-Corruption
UNV Strategic Framework: 2014-2017 Integrated Results And Resources Matrix Collective Well-Being.
युरोपियन युनियन - यूएनएचसीआर प्रेस विज्ञप्ति, युरोपियन युनियनको आर्थिक सहयोगमा निर्मित खानेपानी योजना र प्रहरी चौकीको पूर्वी नेपाल, दमक उदघाटन
Nepal Contingency Planning Project
The Government of Norway Decides to Reduce development Assistance to Nepal.
National Human Rights Commission’s Strategy Plan Support Project
What do we march for?
Nepal Multiple Indicator Surveillance
Savings and Credit Associations and Remittances: The case of Far West Nepalese Labour Migrants in Delhi, India
Community Perception Survey- Sindhupalchowk Specific (September 2015)
Bulletin of the World Health Organization - Modelling the Effectiveness of Financing Policies to Address Underutilization of Children’s Health Services in Nepal
Terms Of Reference (ToR) Call For EOI: Develop Job Portal And Labour Market Database System
The World Health Report 2013: Research For Universal Health Coverage
Request for Information for Financial Services Providers
United Nations Office On Drugs And Crime: Nepal (Police)
UNDAF (2013-2017) - Results Matrix
South Aisan Project Against Debt Bondage : Findings On Debt Bondage : Long-term Farm Labour Systems In Kavre Palanchok and Sarlahi Districts, Nepal
GEF-Small Grants Programme (GEF-SGP)
Health System in Nepal:Challenges and Strategic Options
National Education Accounts In Nepal Expenditure for education 2009-2015
Cash transfers as an earthquake emergency response for vulnerable groups in Nepal
Proposed Loan and Grant to the Government of Nepal for the High-Value Agriculture Project in Hill and Mountain Areas
UNCDF presents the Human Development and Social Protection Pilot at the Open Seminar at Copenhagen School of Global Health
Micro-Enterprise Development Report
TURNING TRADITION TO NEW ENDS: IMPROVING WATER MILLS IN NEPAL
Young People and the Law in Asia and the Pacific: A Review of Laws and Policies Affecting Young People’s Access to Sexual and Reproductive Health and HIV Services
Youth Entrepreneurs engaging in Digital Economy
Nepal Climate Citizen Budget
Livestock-Based Micro-Enterprise and Its Effectiveness on Poverty Reduction
Project Title: Access to Clean Energy for the Poor through Microfinance (CleanStart)
World of Work Report 2014 Developing with Jobs
100 result(s) found.