Sarita runs a weaving business that employs three women in downtown Ilam, a small town surrounded by picturesque mountainside tea farms. Sarita is on her fourth loan cycle with WPF microfinance partner NULBSL in Nepal. She has grown from the entry level group loan (borrowing 30,000 NPR/$260 USD) to a small business loan (borrowing 150,000 NPR/$1300 USD). Sarita and her employees sell their items in a cheerful, well-stocked shop that Whole Foods Market Team Member Volunteers visited in 2019. We also featured some of Sarita’s items in our 2020 Party with a Purpose Online Auction!
Microfinance Partner: Nirdhan Utthan Laghubitta Bittiya Sanstha Limited
Nirdhan Utthan Laghubitta Bittiya Sanstha Limited, “the bank for upliftment of the poor” is a microfinance bank established in November 1998 under Company Act of Nepal 1997 (now Company Act 2006). The vision of NULBSL is to be a bank with a social conscience that enables poor to contribute equally to a prosperous, self-reliant rural society through self-employment and social awareness, and help to reduce poverty in Nepal.