A discussion was held in Bharatpur on Saturday about the progress made by young women in the field of entrepreneurship and the problems they face.
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Without capital and land, which are the necessary elements for an enterprise, there was no way to start an industry or business. What is its current status? A discussion was held in Bharatpur on Saturday about the progress made by young women in the field of entrepreneurship and the problems they faced.
Nikita Jalan is the owner of ‘Pet Mama’. The enterprise ‘Pet Mama’, which sounds different, is a business related to the care of pet dogs. Nikita set an example for those who say that such a business is also possible in Nepal. She shared her experiences in the program about the encouragement and difficulties she received while starting and operating this business.
‘It is difficult to register. I have registered, but it is equally difficult to take a loan. I have the pain of not being given a loan of Rs 20 lakh by the bank. But I got support and encouragement from my family. I am happy that the business is flourishing,' Nikita said. She said that she has seen a difference in the words and actions of banks regarding loans through her own behavior and experience.
Sanjita Nepal, who is also a chartered accountant (CA), said that even though microfinance companies give loans to women, such money is used for household consumption rather than for enterprises. Alina Ghimire, a branch manager at Global IME Bank, believed that it is necessary to create an environment where women can make confident decisions on investment and budgeting.
She said that the bank has no problem making investments if they show a solid business plan and a reliable basis for income. 'What the bank invests in is the deposits kept by the customer. Since the bank is also responsible for protecting the deposits, there are some procedural matters. Otherwise, it is not a case of not getting a loan if you show a factual basis of how you will earn income and how you will repay the loan,' Ghimire said.
She has also experienced that fewer women come to banks to take loans for their businesses. The Women's Committee of the Nepal Youth Entrepreneurs Forum (NYEF) Chitwan branch organized the program with the aim of developing women's entrepreneurship and leadership.
