Professional Documents
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Foreword
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d
FOREWORD
Forum for Rural Women Ardency Development (FORWARD) is a nongovernmental organization which
has been headed by professional women group. The organization begins its working through Sunsari and
Morang districts eastern part of Nepal. The organization has been working in Socio- economic development
to the poor vulnerable people and their communities.
FORWARD plays an affective role to their target groups on poverty reduction since fourteenth anniversaries
assortment with socio-economic programs, FORWARD's major program is microfinance, similarly as others
programes: formal/non formal education, enterprises development, agriculture development with its new
technology, awareness campaign on health nutrition, capacity building to client and staff and other associate
stakeholders.
Two years before FORWARD had big loosed, because of unexpected event with our former Executive director
-Late Dinesh Chaudhary was unexpected untimely demised. So it had shocked to the team of FORWARD
and gapped on running efficiently to the Organization and we felt gap of his absence. The Organization
wills always gapping space for his heart-breaking memory and good remembers at all-times inspires to
towards the FORWARD team with will be promoting for better performance for poor and vulnerable
communities.
I would like to thank all of my members, advisors, executive boards, honorary members, staffs, and clients
and all others of regulatory NRB, RMDC, related District Development Committee (DDC), District Administration
Office (DAO) and other banks of St. Charted Bank, Everest Bank, Himalayan Bank, Bank of Kathmandu,
NIC Bank, Clean Energy Bank, Citizens Inte. Bank, Siddhartha Bank, with all other donors of Plan Nepal,
UNICEF, ADB, CADP rest of other well-wishers NGOs and Microfinance Networks/Partners whose are
working for poverty reduction and poverty throughout from the country.
Similarly, my hearty appreciation to our ex-executive directors Jayanti Rai and Laxmikrishna Shrestha they
had fully supported to effort their staff team whose were always inspirited to all staffs toward the FORWARD.
FORWARD ANNUAL REPORT 2009
Also I like to thank to all executive board members, staff team of Hira Thandar, Raj kumari, Lalita, Dhiren,
Bachan, Mahesh Pradip Radha Mahesh Uraw and all Branch Managers, all motivators, Anita square and
other team of runners. Staffs have been hard working and affording commitment with accountable and
transparency work towards the FORWARD, which gets big support from donors and stakeholders to grow
up the organization. This report sickouts the progress and stage scenario of the Organizational up to
2065/066 (Mid July 2008 to Mid July 2009).
I would be grateful to all supporters who were contributing to perpare the annual report. Finally I shall
commitment to be improved of other annual reports is further to make better reform and more effective
organizes in computer with previous reports. I'll keep accepting to get good suggestions and comments from
all related stakeholders, members and funding agencies.
..
Bhagbati Chaudhar
Chairperson
A
Editorial
Editorial
EDITORIAL
FORWARD
Editor
Bhagbati Chaudhary
Contribution
Bhagbati Chaudhary
Jayanti Rai
Hira Thandar
Rajkumari Tabdar
Laxmi Krishna Shrestha
Dhirendra Majhi
Alok Mishra
Field Officers
Branch Managers
other associate staffs
FORWARD ANNUAL REPORT 2009
Published by
Forum for Rural Women Ardency Development
(FORWARD)
Duhabi-3, Sunsari, Nepal
Tel: +977-25-540456, 1-4223055
Fax: +977-25-540610, 1-4223055
Email: forward@wlink.com.np
Website: www.forward.org.np
Print:
Nepal Printing Support
Anamnagar, Kathmandu
Tel: +977-1-4265821
B
Content
Content
CONTENT
Foreword, Editorial, Content
Acronyms and Abbreviation
BRIEF INTRODUCTION .................................................................................................................................................... 1-6
Background .................................................................................................................................................................... 1
What, Why, How, When And Where Is Forward ............................................................................................................ 2
Vision, Mission And Goals And Objectives ..................................................................................................................... 3-4
Major Activities, Key Strategy And Major Program ....................................................................................................... 5
1. MICROFINANCE DEPARTMENT ...................................................................................................................................... 7-21
1.1 Introduction...................................................................................................................................................... 7
1.2 Year-wise progresses outreach of staff, member and borrowers: ....................................................................8
1.3 Year-wise financial progresses on Portfolio: ..................................................................................................... 9
1.4 Year-wise Portfolio Trend .................................................................................................................................. 9
1.5 Yearly sector-wise Investment ......................................................................................................................... 11
1.6 Year-wise Income & Expenditure ...................................................................................................................... 12
1.7 Branch-wise Outreach progress upto Mid July 2009 ....................................................................................... 13
1.8 Branch-wise Portfolio Progress upto Mid July 2009 ........................................................................................ 14
1.9 Branch-wise Member on Cast and Ethnicity upto Mid July 2009 .....................................................................15
1.10 Policy of Microfinance:..................................................................................................................................... 16
1.11 LOAN PRODUCT: .............................................................................................................................................. 17
1.12 Savings ............................................................................................................................................................ 18
1.13 Micro - Insurance: ............................................................................................................................................ 18
1.14-17 Staff Training, Internal Audit, Supervision, Monitoring & Client Training ...........................................................19
1.18-19 Major activities of Micro-Finance Program & Major activities of Micro-Finance Program ................................20
2. SOCIAL DEVELOPMENT DEPARTMENT........................................................................................................................... 22-25
2.1 Introduction...................................................................................................................................................... 22
2.2 Major Activities................................................................................................................................................ 22
2.3 Child centered teaching learning program ........................................................................................................ 23
2.4 J.F.P.R. with Capacity building:......................................................................................................................... 23
2.5 Poverty Reduction with Project: ....................................................................................................................... 23
2.6 Campaign against domestic violence for Women and Children ........................................................................24
PO Partner Organization
MEDEP Micro Enterprise Development
IP Implementing Partner
Program
SLC School Living Certificate
M-CRIL Micro-Credit Ratings International
PRA Participatory Rural Appraisal Ltd.
PWR Participatory Wealth Ranking EDA EDA Rural System India
PGT Pre Group Training MIS Management of Information System
CGT Conformation Group Training PUA Poor Users Association
GRT Group Recognization Test PUC Poor Users Community
MF Micro-Finance PN Per Annual
IOR Inflation of Rate
D
B r i e f I n t r o d u c t i o n
BACKGROUND:
BACKGROUND:
Forum for Rural Women Ardency Development (FORWARD) is a nongovernmental Microfinance Organization,
INTRODUCTION
which is located in the eastern part of Nepal. The organization is headed by like-minded committed professional
women group. FORWARD works for backward poor vulnerable, indigenous, tribal people and their communities
to awareness- campaign and advocacy for their rights to empowering women. The organization develops trusts
from supporters with the base of cooperation idea's and collective views to significant role in poverty alleviation
and community development through women and children. The organization improves its traditional culture and
bad-habits though microfinance to uplift the poor communities.
FORWARD had been established in B.S. 18 Baisakh, 2052 (1st May, 1995). And it started micro credit since
2053 B.S. (March 1996) to serve the poor marginalize women groups and their communities. It was licensed by
NRB (Nepal Rasta Bank) Central Bank of Nepal as a Micro-finance Intermediary at 15 Pause, 2059 B.S. (30
December, 2002) to runs as a formal service provider of Microfinance. This Organization has been working
together with Rural Micro Finance Development Centre (RMDC), Nepal Rasta Bank (NRB) Central Bank of Nepal,
Other Financial Institutions Himalayan Bank, NIC Bank, St. Chartered Bank, Bank of Kathmandu, Citizen Bank,
Clean Energy Bank, Siddhartha Bank, Sri Invest Finance Com. FORWARD Cooperative, Asian Development
Bank (ADB), PLAN Nepal, UNICEF, CADP, different Commercial Banks, other local agencies, and related District
Development Committee, District Administration Office, District Education Office, Regional and District Health
and Agriculture development Implementation of Units (IOU) and other various funding NGOs, INGOs.
1
B r i e f I n t r o d u c t i o n
What is forward?
Forward is a Nongovernmental Financier Intermediary (FI) organization, which organizes
different community based Social- economic sustainable development programs in the
rural and semi urban areas to the poor vulnerable groups.
Why is Forward?
v Empowers the civil societies to enlistment the rights and working as a collaboration
team for positive change in communities.
v The roles of active participation and leadership of women make people aware for
INTRODUCTION
How is Forward?
Forward believes and organizes to motivate groups with their rural ethnic community's
women. Those rural community's women had been come together, and they were organizing
series of discussion meeting to inspiring dedicated affordable professional groups from
different communities, after their series of meetings, they could conclude to form the
FORWARD as an organization.
When is Forward?
The Organization was established in B.S.18th Baishakha 2052 (May 1, 1995). It has licensed
on Financier intermediary Act in Poush 15, 2059 (Dec 30, 2002) from Nepal Rasta Bank
Limited (Central Bank) Kathmandu. It has also affiliated in Social Welfare Council in BS 24
Magh 2052 (7 Feb., 1996) Kathmandu. And it has affiliated and partnership with various
FORWARD ANNUAL REPORT 2009
Where is Forward?
The central office of Forward is located in Duhabi Urbanshing VDC ward No-3, Sunsari
District, Koshi Zone Nepal, it's contact liaison point Babarmahal Kathmandu, similarly Area
Office is in Duhabi Sunsari and FORWARD's branches are in Aurabani Bhamari, Khanar,
Duhabi, Inruwa, Pakali, Laukahi, Chimadi, Dewanganj, and Dharan of Sunsari District and
Hatimuda-Bashbari, Belbari, Tetariya, Biratnagar, Urlabari, Letang and Kerabari in Morang
District, Dhankuta in Dhankuta District, Biratabazar and Dhudhe in Jhapa district, Fikkal
and Ilam in Ilam district, Phidim in panchthar District, Phatepur in Saptari District and
2 Gaighat and Katari in Udaypur District.
B r i e f I n t r o d u c t i o n
VISION,
VISION, MISSION
MISSION / GOAL:/ GOAL
INTRODUCTION
VISION :
MISSION :
h Raise the voice against exploitation and custom of strengthen the Human rights.
h To makes the community self-dependent in the socio-economic and political
sector by optimum utilization of local resources.
h Increase the memberships in rural poor areas to spread out the organization
and improves the local traditional habits.
h To runs the income-generation activities for develop the marginalizes poor
communities.
h To makes effective information media, which existing in local level and access
of that linkage in the market.
h Mass mobilization and enhancement as poverty reduction through microfinance.
OBJECTIVES:
OBJECTIVES:
INTRODUCTION
OBJECTIVES:
v To develop the micro finance groups as autonomous, self sustain and institutional with
good capacity of its leaders.
v To makes as much as financial resources accessible for women groups.
v To makes awareness for rural people of good health and social practices.
v To capacitate local groups in cooperation of different issues with different agencies.
v To improve the social and economic condition of women through credit mobilization.
v To aware the women right and humanitarian development for poor vulnerable people.
v To provides group and individual skills for income generation and enterprises activities.
v To conduction social community based trainings on various interlink with agriculture
and microfinance.
v Ensure the coordination and linkages with governments, national and international
agencies and related financial institutions.
FORWARD ANNUAL REPORT 2009
4
B r i e f I n t r o d u c t i o n
MAJOR
MAJOR ACTIVITIES:
ACTIVITIES:
INTRODUCTION
MAJOR ACTIVITIES:
h Data selections of population ethnicity, poor marginalize which keeps out the situation
reflection of poor and backwards.
h VDCs/DDCs orientation for programe operations.
h Providing self-employment opportunity through micro finance facilities.
h To collects the local level small savings.
h To develops the group autonomous and independent.
h To develops the group leaders of women.
h To coordinates with various institutions for Social development and human resource.
h To provides banking service for the poor people whose are engaging on saving and
credit mobilization.
h To improves the Socio- economic status of poor women and children through
Microfinance and other social programs.
h Enhance awareness raising trainings to the poor vulnerable communities.
h Review the programs and project, Business Plan Yearly/ Half yearly / quarterly.
h Develops the MIS Systems in both Computerize and Manually.
KEY STRATEGIES:
h FORWARD has adapted the participatory strategies in order to implement the above
FORWARD ANNUAL REPORT 2009
policies as per the operational nature of various programs. It's formulating the Action
Oriented strategy of the socio-economic programs.
h Active participation of the community level women, it makes automatic empowerment
to upgrade in socio-economic condition of the poor families.
h To generate the innovative concept, collective vision for participatory development
work effort with the team.
h Optimum utilization of local resources in socio-business oriented on sustainable
community development.
h Coordination and cooperation of target group /unites on the community environment
to upgrade sustainable faiths of human right, peace and commitments.
5
INTRODUCTION
B r i e f I n t r o d u c t i o n
This Organization has been operating three departments to serve through their programs of
its sustainable, effectiveness, transparency, economic development on community access with
guiding peace and Human rights, Awareness program for democracy, Educational programs,
and Agriculture/ Livestock and micro enterprise development for women groups.
For effective monitoring and evaluation with better planning - implementation of those three
departments have involved itself by Chairperson Bhagbati Chaudhary, General Secretary Jayanti
Rai Act Di. Laxmikrishna Shrestha, Supervision Sector mentained by Vice chairperson Hira
thandar, Social development department manage by Secretary Lalita Chaudhary and Project
Coordinator Alok Mishra and institutional department admin finance by Dhirendra Manjhi, Raj
Kumari Tabadar and Internal audit sector manage by board of Lalita Chaudhary, Dev Kumari
Shrestha and Sabita Dahal and staffs of audit officers. The section of Supervisor/Monitoring
FORWARD ANNUAL REPORT 2009
manage by Area Managers, and operation management of Branches by all branch Managers,
in charges, motivators on the related department of the organization.
1.1 Introduction:
MICRO FINANCE
The main goal of this department is to provide loans without collateral to improve their
socio-economic status of poor vulnerable people and upgrade of their saving habits.
Conducts enterprises trainings for loaner groups members on improve agriculture development,
microfinance industrial trainings and inter group monitoring program, to improve economic
condition strengthen and unity of rural women in their communities.
FORWARD is a local organization in case of Sunsari /Morang districts that has licensed
in BS Paush-15, 2059 (Dec 30, 2002) with Nepal Rastra Bank (NRB) as a financial
intermediary to operate Micro Finance, although it had been worked in Micro credit since
in 2053 (1997). The Organization's program operations in socio- economic development
from 15 years and its progress and proposes plan of operational activities are under the
fiscal year of 2065/2066 (Mid- July 2008 to Mid July 2009) shown below.
7
1.2 Year wise progresses outreach of staff, member and borrowers:
Mid July Mid July Mid July Mid July Mid July Mid July Mid July
S.N. Particulars 2003 2004 2005 2006 2007 2008 2009
1 Districts 2 2 2 2 7 8 8
2 VDCs 14 16 25 58 123 177 186
3 Municipality 0 1 2 3 7 8 9
4 Branch Offices 2 4 7 12 22 28 28
5 Sub-branch Off 0 0 0 0 0 0 1
6 Total Staffs 4 10 28 58 132 159 174
MICRO FINANCE
48667
50000
Member
45000
Borrower 41736
40000
35645
35000 32008
28907
30000
25000 23272
20000
13840
15000 11842
90 86.67 85.56
80.51
77.99 76.69
80 73.24
70
60 51.76
Member VS Loanee Outstanding VS Saving
50
39.00
40
31.00
30 23.00
26.00
21.00
18.00
20
12.00
10
Mid July Mid July Mid July Mid July Mid July Mid July Mid July
2003 2004 2005 2006 2007 2008 2009
8
1.3 Year wise financial progresses on Portfolio:
S.N. Particulars Mid July Mid July Mid July Mid July Mid July Mid July Mid July
2003 2004 2005 2006 2007 2008 2009
3 Loan loss Reserve 29405 154961 479894 1314347 28455555 5178791 7302336
MICRO FINANCE
5 Loan Repayment 100 100 99.98 99.86 99.81 99.85 99.85
157.08
160
FSS 142.28 143.30 142.71
138.21
140
120 109.00
99.32 103.29 102.00
98.83
100 94.10
80 87.22
60
40 OSS
27.53
20 7.12
0
Mid July Mid July Mid July Mid July Mid July Mid July Mid July
S.N. Particulars 2003 2004 2005 2006 2007 2008 2009
1406693200
1200000000 Outstanding
830521200
1104273254
1000000000
594670094
800000000
406742200
600000000
302419946
264464440
235851106
164164200
142277760
MICRO FINANCE
400000000
100261882
63902318
55774200
31779469
14323200
23994731
1470292
1796000
6520164
7803036
325708
200000000
0
Mid July Mid July Mid July Mid July Mid July Mid July Mid July
2003 2004 2005 2006 2007 2008 2009
FORWARD ANNUAL REPORT 2009
Monitoring &
Evaluation
wings
Board Member
Head Office
S.N. Particulars Mid July Mid July Mid July Mid July Mid July Mid July Mid July
2003 2004 2005 2006 2007 2008 2009
1 Agriculture 221000 1770000 6894000 20212000 53509500 116638500 204729500
MICRO FINANCE
5
Sector of Investment upto Mid July 2008 Sector of Investment upto Mid July 2009
Agriculture Retail Trade Small Industries Agriculture Retail Trade Small Industries
Livestock's Service Trade Livestock's Service Trade
1% 1%
7% 14% 7% 15%
43% 43%
35% 34%
11
1.6 Year-wise Income and Expenditure:
Mid July Mid July Mid July Mid July Mid July Mid July Mid July
S.N. Particulars 2003 2004 2005 2006 2007 2008 2009
1 Total Income 19280 1406362 4062250 10801709 24223788 45593954 74234831
1.1 Interest Income 19280 981971 3350437 9568099 21933349 44362186 61995639
1.2 Other Income 0 424391 711812 1233610 2290440 1231767 12239192
2 Total Expenses 70010 1422965 2939101 7592009 16904192 29756418 50332644
2.1 Staff Salary 0 344001 958357 2548163 6218797 10726376 16143863
2.2 Operation Expenses 0 672439 655724 1682104 3387218 5165747 13928982
MICRO FINANCE
2.3 Financial Expenses 40605 280970 1000087 2527289 5613765 11684264 18075397
2.4 Loan loss Provision 29605 125555 324933 834453 1684413 2180031 2184402
2.5 Capital Reserve - - 1123148 3209700 7319596 15837535 23908187
Expenses percentage upto Mid July 2009 Expenses percentage upto Mid July 2009
FORWARD ANNUAL REPORT 2009
12
1.7 Branch-wise Outreach progress upto Mid July 2009:
MICRO FINANCE
7 Belbari 7 - 8 83 437 2131 1718
8 Tetariya 11 - 7 75 426 2127 1755
9 Biratnagar 1 1 6 67 326 1614 1073
10 Laukahi 7 - 5 60 321 1604 1295
11 Chimadi 6 - 6 74 348 1739 1501
12 Urlabari 6 1 7 104 386 1928 1444
13 Dharan 2 1 4 57 249 1247 1080
14 Gaighat 3 1 7 82 407 2033 1531
15 Dewanganj 6 - 4 53 240 1198 936
16 Bahuni 7 - 5 75 333 1663 1120
17 Biratabazar 11 - 6 83 359 1729 1529
18 Fikkal 9 - 7 103 506 2502 1823
19 Ilam 5 1 6 100 436 2247 1352
20 Phidim 7 - 5 78 338 1687 1041
200
169 OSS
153 155 158 163 155
150 144 146 144 144
139 137
132 132
122 117 118
116
110 108
103
100
50
-50
-100
e
im i
Pa a
el i
D da
K abi
In ar
Te ari
la i
Ph m
Fa dim
tn a
uk r
hi i
D ari
G ran
an t
B nj
ab ni
Fi ar
Ila l
K r
nk i
Le raj
R uta
D g
R he
er y
ga ri
ar
at n
B al
C ah
ra d
ha r
eb ha
La ga
pu
w
ira iy
K nke
n
D ata
an ba
kk
H aba
U ma
ga
B hu
n
az
k
lb
u
ud
b
bi
ta
ru
B tar
uh
D ig
ha
ha
tte
i
M a
a
aj
a
a
ur
irt
A
14
1.9 Branch-wise Member on Cast and Ethnicity upto Mid July 2009:
S.N. Branches Bramin/Chhetri Indigenous Dalit Mushlim Total
1 Aurabani 36 1744 419 230 2429
2 Hatimuda 100 1191 789 68 2148
3 Duhabi 95 1013 135 222 1465
4 Khanar 272 1920 281 80 2553
5 Inaruwa 76 1156 254 118 1604
6 Pakali 473 1307 293 85 2158
7 Belbari 424 1491 194 22 2131
8 Tetariya 180 1831 84 32 2127
MICRO FINANCE
9 Biratnagar 102 896 463 153 1614
10 Laukahi 53 1144 340 67 1604
11 Chimadi 143 1370 100 126 1739
12 Urlabari 584 1100 178 66 1928
13 Dharan 200 999 25 23 1247
14 Gaighat 145 1202 326 360 2033
15 Dewanganj 3 565 249 381 1198
16 Bahuni 586 967 104 6 1663
17 Biratabazar 392 1038 134 165 1729
18 Fikkal 656 1701 145 0 2502
19 Ilam 896 1638 193 0 2727
20 Phidim 395 1174 118 0 1687
21 Fattepur 279 1386 226 41 1932
22 Katari 307 1201 136 13 1657
23 Dhankuta 388 867 149 1404
24 Rajabiraj 50 460 180 65 755
25 Letang 81 741 97 3 922
26 Dudhe 300 716 23 12 1051
27 Ranke 337 1275 93 0 1705
28 Kerabari 233 605 117 0 955
Total 7786 32698 5845 2338 48667
Cast and Ethinicity Mid July 2009 FORWARD ANNUAL REPORT 2009
12% Dalit
67%
5% Muslim
16% Bahun/Chhetri
Indigenous
15
1.10 Policy of Microfinance:
FORWARD follows the 'Garmin' Clients receive 7- 9 days Pre Group Training (PGT)
methodology for micro finance and clearing Group Recognition Test (GRT), after
service delivery and lending modality all prior process of the group members are becoming
through group guarantee. All groups eligible to obtain the first cycle of loan. For succeed
have been consisted five members, and matured clients eligible for various types of loan
however it consists three to eight which provides micro enterprises, livestock's, housing,
groups is called one center, when it Biogas, Foreign employee, Drinking water and toilet
has eight group is called one full construction as per members pass track record with
Center. Which groups operational performance base of clients. Loans are disbursed
MICRO FINANCE
lending with terrain 2 is to; 2 is to; from Branch Offices with the hand of their Center
1, but in hill 3 is to; 2 with jointly chief. And graduate loaners whose are mobilized
liabilities on repayment installment. first and 2nd loan with good performance on good
The organization's policy of repayment track records, they can easily take 1st,
microfinance is held the meeting in 2nd, 3rd, 4rth and 5fth cycle of loans. Micro
fortnightly for terrain and monthly enterprises and Foreign Employee loaners are
for hilly region, however the system personally responsible with their family liabilities for
of center meetings are slightly as well that loan mobilization although it is in group
as like Garmin model. guarantee of Center model.
16
1.11 Loan Products:
MICRO FINANCE
Seasonal loan for small trading business producing in purposing of housing and building construction.
seasonal fruits, seasonal vegetables and crops. The
loan provides in the special time of seasonal hat Foreign Employee loan:
bazaars Mella and special occasions. Good Graduate clients eligible for foreign employee loan
repayment track record of clients can be receiving after two years mobilization of general loan.
the seasonal loan, which is already mobilized after According to loan liabilities of their family members
6 months use of common general loan. The systems for lending on the base of collateral as loaner's own
of repayment is installing serially fortnightly in Terai fixed assets. Good past track record and more than
and monthly in hill. Interest charges on this loan 90% attendance in group meetings. The repayment
24% p.a. on declining balance. installment as per terms of conditions of loan and
the base of employments nature. Interest charges
Center Fund Loan: 24% p.a. in decline balance. Apart from the loan
For purpose of emergency medical treatment and product Forward's plans to starts Foreign employee
other emergencies (school enrollment of their child loan on large scheme, when it will gets part of fund
and another options like that). Repayment fortnightly for foreign employee loaners, however it has been
in Terai & monthly in hill, it pays 25 or 13 installments. designed in this situation of the organization
Its interest rate charges 24% p.a. on decline balance.
Alternative Energy Productions:
Live stocks loan: The loan specially use in the bio gas, solar and
The loan for purposes on livestock, domestic animal other alternative productions. All clients are eligible
and agriculture base activities, good clients can for whose baseline survey indication significant to
eligible for livestock loan (16-20) thousands. After get loan. Good past track record and 90%
one year graduate loaner shall be eligible for up to attendance in the group meetings. Interest rate
amount NRs. 25, -30 thousands. The repayment charges 16% p.a. in decline balance with other 2%
Group Saving: the time of loan disburse for example, if the client
Each group members have to compulsory deposited saves their amount of Rs. 5000, she can eligible to
to their groups. All clients have to compulsory save get loan Rs.20,000. No refundable in the period of
and most of the mandatory amount (Rs. 10-100) in loan mobilization. No deduction of their loan amount,
each center meetings. The maturity of this saving saving fixes for condition of loan mobilization period.
almost five years, if clients want to refund, they can Each meeting each client has been increasing their
be refund after five years of their prior times and saving Rs. 20 to 50 as her personal efforts. Interest
5% saving amounts deduct from that savings. It pays pays on deposits 8% p.a.
deposit interest rate of 8% per annual.
Double Scheme Saving:
Volunteer Saving: The double scheme with fix condition for each client
Each group members are eligible for volunteer saving. amount doubles after fifteen years. The maturity
Micro finance member can be save volunteer saving period of this saving more than 15 year each client
up to Rs. 10 to 1000 per times of meetings. The item can keep continuing and they will get back double
is anytime refundable, but sees as on the client amount of their same deposits which they saved.
borrowing. In deposit interest pays 8% per annual. Each meeting each client has to compulsory increase
their saving Rs.10 to 500 as their efforts. Interest
Center Fund Saving: pays to deposits 9. % p.a.
Deducted 5% from loan amount of each loan times
that amount is deposited in their compulsory saving.Child Saving:
Deposit matures for refundable at least, it crosses Special Saving for child hood members for the child
five years. If clients want to refund in the time ofsecurity. Child member's ?? age is almost above 1
immature period, it gets 5% deduct of their total year and only up to the 15 years. The saving scheme
deposits. Interest pays on deposits 8% per annual. necessaries for child date of birth certificate and
nationalities copies of child parents. Saving amount
Special Saving: is refundable after 16 year of child's age, as like
FORWARD ANNUAL REPORT 2009
Special saving saves for Microenterprise clients in child shall be obtained their citizenship card.
MICRO FINANCE
1.14 Develop the Trainee Staffs:
FORWARD has been trained 25 volunteer staffs which of them 9 female 16 male. They have been auctioning
beginner works for microfinance works as trainee staffs and six months of their training time as a trainee
staffs. The process of trainee staffs it takes many exams as on performance base of trainees, if they score
well, they will automatic upgrade as a full staff. If they will score poor they won't be eligible for a full staff
and they have been auctioning their job although they are in trainee period. The end of the fiscal year up
to Mid July 2009 FORWARD has been finished their selection of 25 trainee staffs and it's time, which are
already trained as working staffs under the microfinance. It also has been selected the project staff of 8
mobilizers and one coordinator.
v Women are honest in the community but there v Main responsibility and sincerity of centre chief
is lack of an opportunity to show their honesty to makes disciplinary and management of their
and commitment. centre operation.
v Programs have to sustain with co-ordination v Successful of the meetings, when it makes
with the local governments, related stakeholders necessary for all groups to timely repayment
of the community people. and compulsory participations of all group
v Honesty, commitment and relationship among members.
the executive committee, staffs and clients with v Effective PGT conducting is most important for
affordable supporting of groups. the base of centers/units and it makes strengthen
v Program launches parallels on socio-economic their centers/units.
development and it makes sustainable and v An impact study is the most important thing of
strengthen of the organizational. significant measurement with indicators for
v Most important things of that poor people are program operation and it evaluates proper
getting easier loan without any fixed collateral. goal and objectives to achievement.
v Regular supervision and monitoring process is v Sustainable program makes effective
strengthening the groups in operation of their information, communication and its
credit mobilization and business operation. documentation.
20
FORWARD ANNUAL REPORT 2009
21
MICROFINANCE PHOTO FEATURES
2. Social
2. SocialDevelopment
Development Department:-
Department:-
SCOIAL DEVELOPMENT
2.1 Introduction:
Under this department conduct various programs on formal/non formal education,
awareness, health and sanitation, agriculture, against the domestic violence/girls trafficking,
right based trainings and campaign, woman leadership development trainings, workshop
and seminar, enterprises development trainings for microfinance group & clients.
22
2.3 Child centered teaching learning program:
FORWARD had been begun non formal child classes since 1998. The program was
run more effetely, when chairperson was visited to the Bangladesh to learn the system
and new technique of education with the team of UNICEF in 2000. It made interesting,
creative and effective child classes. It was prepared interesting story books, poem books,
after then it had run different pilot or sample classes in Sunsari district. The program
had affected to send their kids regular in the school. The learning system helped how
to enroll children in the government schools and increase the number of students with
positive result of education. It develops creative, innovative and accountable for their
children make them to behavior and friendly with close monitoring of teacher and
SCOIAL DEVELOPMENT
student even with their guardians. So Forward always applies the child center teaching
learning mythology class in the communities and now the system has followed by with
the class of Dinesh Bal bikash Center. And it will be going on regular as a BAL bikash
and in future it will be upgrade as a primary school.
Japanese Fund for poverty Reduction for different water user communities in the Sunsari,
Morang, Udaypur, Ilam and panchthar. It had been capacities various trainings, create
employment opportunities through micro-enterprise, social/economic empowerment
and developed agriculture system production. It had started to loan investment for poor
marginalized communities though micro finance, whose were already participated in
social awareness program. And also various types of capacity building program operated
by organization. It had business planed for those water user association's communities
to how to provide loan as per their capacity. Recently this organization revolves regularly
and ties up that community (water user committee) with microfinance and program had
recruited Community Mobilizer (CO) for the project and now they are continues employee
in Forward microfinance.
This organization has operated training section, which is trained for different disciplinary
of women rights, awareness campaigns reduce women slaughter. Forward has been
trained against the domestic violence with women and children, girl trafficking and
fighting for women rights. Which trainings are proved that bring to an end of women's
violence. Social development department has started to help those grassroots women
to fight against the violence, where people have poor thinking about women in the
communities. The program helps to keep up the human right and other ethnic minority
SCOIAL DEVELOPMENT
rights how able to take. Now most of the community people are able to go report in
related places such as police station, court and other different government and non
government sectors.
Government of Nepal has received grant assistance from the Asian Development Bank
(ADB) towards the cost of Commercial Agriculture Development Project (CADP) and,
intends to apply portion of this grant to eligible payments under this deal. The project
is started since August 2007 and will continue until December 2012. Ministry of
Agriculture and Cooperatives (MOAC) is the Executing Agency and Department of
Agriculture (DOA) is Implementing Agency. The project is being implemented in 11
districts of the Eastern Development Region (EDR) - Siraha, Saptari, Sunsari, Morang,
Jhapa, Udayapur, Terhathum, Dhankuta, Ilam, Panchthar and Taplejung districts, among
of them Forward is being a partner NGO of Sunsari district.
The overall goal of the project is to reduce poverty by increasing; (i) employment
opportunities in rural areas, (ii) Value added of agriculture product in rural income.
The expected outcome of the project is; (1) Commercial agriculture investment and
FORWARD ANNUAL REPORT 2009
management through (a) Community based market infrastructure, and (b) Non-
infrastructure investments; (2) Inclusive development of stakeholders by (a) Developing
subsistence agriculture stakeholders and, (b) Enhancing semi-commercial agriculture
stakeholders and (c) Promoting social inclusiveness among commercial agriculture
stakeholders; (3) Market information dissemination; (4) Capacity enhancement of project
partners; and (5) Project implementation support. The Commercial Agriculture Alliance
(CAA) is the implementing agency for agriculture investment. In Component -1 and
other four components are being implemented by the DOA/CADP through Project
Management Unit (PMU), Biratnagar. Project component 2-"Inclusive development of
stakeholders" is to be implemented in partnership with Non-governmental Organizations
(NGOs). And FORWARD is selected as a working NGO of Sunsari district.
24
Objectives of CADP
The objective of this assignment is to assist the subsistence stakeholders- farmers, traders
and processors-whose are not eligible for commercial agriculture alliance (CAA)
memberships but have potential to develop such eligibility with support from the partner
NGOs, stakeholders who are producing only enough for subsistence are expected to
be able to generate additional income and takes up it in commercial activities.
Expected outcomes;
v The project inputs that the partner NGOs/FORWARD shall deliver to such stakeholders
of Sunsari district include community mobilization,
SCOIAL DEVELOPMENT
v Social inclusion activities, farmer group formation and strengthening, and monitoring
and evaluation. Implementation of activities under this component is expected to
yield the following outputs.
Aurabani 7 -
Simariya 10 3 Monitor Group
17%
Landless Group
Tanmuna 8 2
Pakali 5 1
Baklauri 15 2
83%
Dumraha 15 4
Total 60 12
25
3. Institutional
3. Institutionaldevelopment
development Department:-
Department:-
INSTITUTIONAL DEVELOPMENT
3.1 Introduction:
This department is moved by chief board members and its team of management committee and
advisors. The department conducts different kind of seminar, exposures, meetings and discussion
sharing flowers about institutional development, it develops future plans and creates destination
of organization, human resources management training, program strategy, contact, cooperation
and Co-ordination with other institutions and donors agencies, also it makes proposal for new
project and business Planning for Organization. And it operates office administration, reform and
follows of policies, procedure, process guidelines of institution and its supervision, monitoring
/evaluations system.
26
3.3 Develop Member Expansion:
To keeps up date of members of the organization, it keeps on track of all old members,
their easy process of renewed and expanses of new membership and trying to find out
who's are active and passive. Every single person can be a FORWARD member, when
he/she works as an active member at least two years and he /she pays NRs. 60 as on
membership fees. After that she/he works positively for organization and one board
member can be recommend them for membership, when they will eligible for existing
member. Similarly process being an active member and those members can be fighting
for executive board committees' member with their presence of the election process. In
recently FORWARD have 9 Executive members and 157 general members which of
them are (Female-105 and male-52).
INSTITUTIONAL DEVELOPMENT
3.4 Administrative Institutional working process:
This working process is checking the administrative working process and system are in
right or wrong position. How it manages its important of board and other action minutes,
latter of management, filing and quotation, staff recruitment, responsible of printing
stocks, human resource management, Supervision monitoring, accountable. This situation
of concerning rules is as guidline, it is followed by all branches and their responsibility.
This year four review workshops (meetings) had been conducted in presence of central
board members and all branch managers. Similarly the organization conducts four full
phase meeting of board committees and eighteen emergency meetings of working board
and thirteen meetings of branch manager, which have been attended whole fiscal year
of 2065/066 instead of quarterly reviews on different purposes of the meetings are
briefly described and reviewed with previous program achievement and further strategy
of operational works and how it manage outreach of clients, staff recruitment, mobilization
various program and projects of the Organization.
Female
Male
FORWARD ANNUAL REPORT 2009
28
4. Annual
4. Annual General
General Meeting Meeting
even in Government sector although you are such guests of honorable CA member's presence.
the non government sector. So I would like to
thanks you all the team of could achieve succeed. The 2nd session of Annual General Meeting
Others from staff and center chiefs conclude was started by chairperson and it opens the
general members group 3-4 ladies spooked forum on open discussion and come to the
about positive and negative impact and effects points in further planning and strategic framework
about program implementation in the of the Organization. The Organization requires
communities and its working process. more and more vulnerable, marginalize poor
people, it needs really for support of them in
This year most of the Staffs and Center/Unit part of social-economic development. Such a
chiefs are awarded by the Organization. Such significant support for achievement, It directs
awards took the six head office staffs (Mahesh the people's aspirations on poverty free,
Chaudhary, Bachan Chaudhary, Rudrahari enterprises development and how to keeps up
khanal, Dhirendra manjhi, Mahesh Urawn, Anita their rights in fair manner.
Urawn) and eight branch managers (Dipendra
30
Awarded Staffs Awarded Center/Units
st Center
Female nd Center
25% 24.25% 25.25%
Male rd Center
75%
th Center
25.25% 25.25%
At last FORWARD will be committing to independent project and programs and its
issues related objectives of one more thematic areas, which contribute to overall purpose
of the Organization. The FORWARD will be adapting to enable on cross cutting issues
with incorporation integrating management as per organizational requirement. During
the report preparation further annual reports in future to make better reform and more
effective organizing in compare of previous reports. I keep expecting to get good
suggestions and comments from all members, staffs and other related donors, stakeholders
NGOs INGOs and other funding agencies.
31
5. Microfinance is a Major Instrument of Poverty Reduction
... Bhagbati Chaudhary
We can say the microfinance is somehow home for daily eating, creates an enabling environment
based service providing program as on choice of for school going children. During the microfinance
local communities for poor peoples. It provides program, these basic rights are probably to achieve
small size of loans for small businesses, small success though the
industries, livestock's, microfinance providers.
agricultures, service trade If we see when the microfinance was Initiate in Nepal It provides various
and other area of socio- opportunities for
economic service oriented. even in another countries. Microfinance in Nepal from u n e m p l o y m e n t o f
Which can uplift the poor BS 2020 and cooperative bank from B.S.2024, younger of the poor
marginalize communities, agriculture development bank BS 2032, Skill m a r g i n a l i z e
b e s i d e s t h e p r o g r a m development agriculture industries 1974-1981, communities. It creates
implementation; its outcome Production of Credit Rural Women (PCRW) BS 2039, different diversity of self-
is reducing the domestic Rural Self Reliance Fund (RSRF) of NRB in BS 2047, e m p l o y m e n t ,
violence and negative accountable, laborious
t r a d i t i o n l i k e ; c h i l d Bisheswor with poverty BS 2048, Cooperative Act BS and makes it to pick up
m a r r i a g e s , d o w r y , 2048, Garamin Model followers Gramin Banks-BS the values of time and
discrimination between child 2049, Microcredit Project for Women (MCPW) BS money. Microfinance
of boys and girls, cutoff the 2050, Microfinance Banks BS 2054, and license holding improves the society on
unwanted dues, expenses Micro intermediary Act for NGOs BS 2055 Microfinance socio-economic status,
from the societies. it brings significant
Microfinance also enhances policy BS 2056, Rural Microfinance Development Center outcomes mild creative
the women leadership and (RMDC) BS 2056, And other various types of formal societies and beside it
uplifts their capacity and non formal Projects NGOs, INGOs, Cooperatives are country's basic needs fill
confidence buildup all involve as microcredit service providers in all around up by the microfinance
w o m e n w h o s e a r e the country. services, in really meant
concerning in the stands as poverty free
microfinance group centers.
FORWARD ANNUAL REPORT 2009
MICROFINANCE ARTICLE
"There might be little pockets here and there of
people who are made better off, but the average financial stand up with their self confidence. It covers
effect is weak, if not nonexistent. Underlying all of small size of social security's fund, in terms death of
this is a debate over the role and the importance of clients/ lost of client life; disaster damages, fires of
the micro-entrepreneur. Part of the appeal of their houses, maternity health of baby born which
microcredit lies in its suggestion that the world's compensation provides their families. More than 90
slums are populated not by helpless victims of global percent members are women in the groups loan
forces, The new research underlines the fact that, lending process common and easy way with group
inspiring as that story may be, misrepresents how guarantees without fixed collateral. And its recovery
both individuals and nations percentage more than 98%,
climb the economic ladder. Financial service providers up to Mid July 2009 it has owned beauty's to
Developing nations already mobilize as well as micro
have far more petty 1. Commercial Banks - 26 savings, micro loan, micro
entrepreneurs than wealthy 2. Development Banks - 63 business invest, small
countries do mostly because 3. Financial Companies enterprises, small security's
- 77 covers after regular mobilize
people there have little choice 4. Cooperative license from NRB - 16
but to start their own business microfinance. It provides its
Truly addressing the poverty 5. NGOs FI license from NRB - 45 services as successfully with
of the developing world may 6. Insurance companies - 25 many success stories of clients.
require that we think macro 7. Microfinance banks - 13 Microfinance clients keep and
rather than micro. fulfill their needs; as they built
Microcredit's defenders say the new findings, while small good looking houses,
suggestive, aren't enough to prove anything. Some they purchase small piece of land for small farming
argue that they actually show that microcredit works, (one katha, two katha / one ropany, two ropany)
in a qualified way, providing a cheaper alternative and gradually they increase their income levels.
to the village moneylender and his ruinous interest
rates. Microfinance more dramatic effects, they Microfinance itself keeps market and other linkages
today we can see he/ she (client) wears one pairs
FORWARD ANNUAL REPORT 2009
suggest, may take longer to appear of the windows
researchers looked at, many various types of of clothes but tomorrow he /she (client) wears two
worldwide networks/agencies are working in the / three pairs of clothes, today his/her business in
world even in the Nepal, likes Microfinance summit small level, but now his /her business absolutely
of National / microfinance bank association, MIFAN increases in big shops / retailers and business trades.
and RMDC etc. The microfinance scenarios prove that poverty
reduction through microfinance mobilization is a
When we study about microfinance and about its good strong rock star tool for poverty throughout.
poverty reduction we can see many succession It creates local jobs and also solves the problem of
indicators of microfinance as like from the World unemployment, which helps to boost up our poor
Bank per person per day income level bellow than people and our societies to uplift from poverty. So
$ 1 dollar call poverty bellow the line, as other from we can sure to upgrade our socio-economic
National planning commission per person annual condition and country's microeconomic.
income NRs. 4404 in below the poverty line, similar
this from Nepal Rastra Bank (NRB) defines per year Achievement of Microfinance:
per person income values NRs. 5500 call below the
poverty line. Various argues about poverty In spite of the considerable innovations in
measurement we saw in 1995/96 report from total microfinance in recent years, millions of people in
33
the world still do not have access to basic financial Indigenous, Dalit, minorities and women. But it has
services. The huge majority of those without access been gradually cut off all kind of discrimination like;
reside in developing countries, particularly rural gender and others violence's have to cut off by
areas where it is more difficulties and high operational microfinance program from tradition communities
cost to extend these services. Although progress has and it has placed equal participation in inclusion
been made on how to supply rural financial services base on all segments of the country. Although
in a sustainable ways, no body agreed of its best microfinance program for poor vulnerable, it has
practice is available in designing institutions and many problems within reach to the poor of the
products to meet the demand of this more challenges poorest. However the country come out from the
cliental. Many service providers are looking at ways conflict even it's the phase off revolt because such
to extend the frontier of sustainable microfinance parts of country like instable political transition is
by overcoming cost barriers, mitigating risk, and situation, the country process on secular freedom
exploring technology and methodological religious republican federalism democracy. Obviously
innovations. They actively support experiments, we can see various problems with the poor people,
innovations and research in rural finance. Indigenous, Dalit, Minorities, Madheshis and other
unrepresented minorities, conflict groups. It is genuine
Being microfinance service providers are succeeding the people are revolting with road closed, political
MICROFINANCE ARTICLE
in their working fields. Capable good leaders, groupies and other violence's, but it effects directly
Organizational management, capacitate laborious to the socio financial achievement, even all over
staffs, Strategic Vision, working procedure, marketing the country and it effects progress road map of
policies, Purposing Business plans keep good microfinance. Microfinance proves it's achievement
achievement to success. Microfinance removes the in the poor society although it works with poor to
poverty from the society; it gives satisfaction to all poorest with small size of loan, deposits and small
service providers, service holders of poor communities social security fund even working in grassroots. So
even its working staffs. We can say confidently we the major demand of all microfinance institutions
will do something for ourselves and for our requirement has to keep up in the constitution
communities even for the country. We have capacity making process. It shall be guarantee for employment
to do something for poor vulnerable poor people to local poor rural women and small entrepreneurs
through microfinance. All stakeholder and direct and microfinance also incorporate the concern part
service providers confidently to say small percent of of planning commission or government planning
invest effort to us to uplift the poor society and small as Poverty Reduction Fund (PAF), Government self
contribution to boost up the poor families and reliance fund of NRB and other such types of
absolutely it promotes human resources, creates community based microfinance or microeconomic
local employments, it proves capacity promotion projects, financial service providers, even with its
deserve to upgrade microeconomic process. big dills of the country. The country has to search
about the poverty service providers and major
Conclusion: instruments of the poverty reduction and its programs.
Which microfinance has to prove that achievement
Microfinance is cutting off the discrimination from stand behind with the poor vulnerable communities?
the communities, it promotes bring up in to the So it has to need big strategically market and business
mainstream of all the poor vulnerable, whose are plans, which we can sure to say the country will
facing many problems in the country, basically we dynamic grownup within peace sustainable
call poor people; as financial weaknesses, development approach.
FORWARD ANNUAL REPORT 2009
34
FORWARD ANNUAL REPORT 2009
35
INSTITUTIONAL DPRT. AND SOCIAL PHOTO FEATURES
Institutional Dprt. and Social Photo Features
6. Voices of Community
Bhima Rajbanshi from Forward Bahuni Branch Morang, says I was so socked in
that time period, when I was not being a member of Forward, because no one
came out front to financial help us. But we could get Forward as a helping hand
and first time I took loan amount of NRs. 10,000 after some times she had got a
lot profit from her small tea shop. She added 2nd loan NRs. 15,000 to expand
her tea shop and other cosmetic materials. After then she were making more profit
from her two businesses. Recently she has purchased two katha of land her children
Bhima Rajbanshi are going to school, she has a good living house and she and her family enjoy in
happy life of their community.
Manju Devi from Hatimuda Branch of morang district, says, I was financial sacrificing
in that time, when Forward was not come with us. So it was good for us to come in
COMMUNITY'S VOICES
right time to provide socio-economic help to our community members. First time I
took NRs. 5,000 in that time but I couldn't express and standup to my turn of loan
demand, because of my fearness. But now, I have been taking several terms of loans
NRs. 10,000-15,000-20,000. Gradually after sometimes it becomes easier for me
and our Center/Units, recently I am also a Center chief. After loans I have earned
Manju Devi Rishidev some fixed assets 2 Katha of land and build a small living house of breaks and my
husband is also working in a factory, he is much happy to take loan, because of
that our big daughter has got marriage happily and another small is going to school. Her family members
are too happing to Forward's inspired them to membership. Recently they are model family in their village.
Sunita took first loan NRs. 5,000, after then she took NRs. 8,000 and 15,000 for
pig ring and small retail shop, after sometimes she has earned good profit of her
retail business and pig ring. Few years later she has purchased 6 Katha of land
recently she has pigs, cattle (cow, buffalo & goat), she's also purchased 1 Tola of
gold and 20 Tola silver. Sunita says, I got a lucky man as my husband, because
he is too helpful done our works together. Now she and her family members are
glad happier with Forward, because it could provide loans easy and creates job in
Sunita Chaudhary time and her children are going to school and collage.
Bhagwati says, I have been a member of Forward since 2002, when Forward began
microfinance program. First she took NRs. 10,000 for vegetable shop, after few
weeks she got good profit, however she sold her all vegetables, but she lost her
business when sometimes she left to sale her vegetables which were damaged.
FORWARD ANNUAL REPORT 2009
After sometimes she's changed her business to cereal retail business which has
been perfect no doubt to damage, it has given more profit than previous business.
Her business runs always in local daily, weekly hatbazar. After sometimes, she has
Bhagwati Chaudhary purchased 1 Katha of land, T.V., Pigs, 1 cow and recently she and her family is
gladding with school going children, and counting a model family in her village.
Uma is a client of Bhahuni Branch Morang. She was facing struggle of poverty,
she had many problems, when she didn't get any helping hands her family members
have only option for labor works, in that time Forward was supported to provide
loan she says. She was started a small tea shop when she took first loan of NRs.
10,000, after sometimes she got good profit from that business, and add another
term of loan NRs. 15,000 and made big tea shop, after then she got a lot of profit
from tea shop, now her most of the family members are involving in that tea shop.
Uma karki They are enjoying happy life with good profit from their business and they thank to
Forward, which were provided loan in critical period. Recently now she has built a
36 good-looking breaks house and all her children going to school.
7.Organizational
7. OrganizationalChart Chart
General Assembly
Executive Committee
Life member Advisor Committee
ORGANIZATIONAL CHART
Executive Chief
Honarary member
Deputy Executive
S.N. Project Title Start Date Complete Date Coordinated with agencies
1. Enhancing Access to Financial Service Project (EAFSP) April 2010 July 2012 Complete Date
2. Commercial Agriculture Development Project (CADP) Au. 2007 Dec 2012 July 2012
3. Optimizing Productivity of Poor Water User Association March 2005 May 2008 Dec 2012
4. Optimizing Productivity of Poor Water User Association March 2005 May 2008 May 2008
5. Micro Enterprises Development Training for Microfinance March 2005 May 2008 May 2008
Clients
6. Optimizing Productivity of Poor Water User Association March 2006 May 2008 May 2008
7. Optimizing Productivity of Poor Water User Association Nov 2006 May 2008 May 2008
8. Enhancing Poverty Reduction Impact of Road Project March 2006 July 2007 May 2008
WORKING EXPERIENCE
9. Micro Enterprises Development Training for Clients March 2005 Dec 2007 July 2007
10. Ceter Chief, Trainee staffs, Staffs, Executive Board 2003 2006 Dec 2007
Exposer Visit Program
12. Micro credit & Microfinance Feb 1997 On Going NRB/RMDC/ Fin. Inst.
13. Microfinance loan agreement April 2002 Ongoing RMDC, other financial Insts.
14. School Management committee & Teacher Training on Jan 2001 2007 Plan Nepal/ DEOs of Sunsari
Child Center Methodology trainings & Morang
15. Gender Training package of Plan Families Feb 2002 Dec 2002 Plan Nepal
16. Agricuture Development on Vegetable farming for poor Aug 2002 Dec 2004 NPLAP /DFID
Families of Musahar Community
17. Community Base Sanitation Program in Full Package March 2001 Dec 2004 UNICEF/ RODWSD
in Sunsari District as a Lead NGO
18. Diagnostic Learning on Good Governance and Action Feb 2002 Jun 2002 DFID/ Mott MacDonald, SMIP/
Plan Research (DLAP) MDMS
19. NGO/CBOs Capacity Building Project Partners Jun 2001 Dec 2003 NPLAP/DFID/Plan Nepal
20. Parenting Orientation Program (PO) Jan 2000 2007 annually UNICEF & Plan Nepal
21. Literacy Class (Parenting Orientation, Briging Course, 2000 Sep 2006 annually Plan Nepal
Child & Adult Classes)
22. Child Centered Teaching Learning Out of School Program 2001 Aug 2007 annually UNICEF
(CCOSP)
23. Child Health Promotion Program on (CDD and ARI ) Feb 2000 Dec2002 UNICEF / NGOCC
FORWARD ANNUAL REPORT 2009
24. Package Training Program on Nutrition Jan 1997 Dec 1997 DPCPUNICEF/ DDCSunsari
25. Micro Credit Improvement & Settlement of Village Jan1998 2001 Dec PACT Nepal /USID
Banking
26. Legal Literacy Class Program Jan1998 2001 Dec Asia Foundation /PACT
28. Credit for Loan Fund from NRB March 1997 May 2000 NRB
29. Adult Literacy Classes Aug 1996 March 1998 DEO Moarang
30. Community Based Health, Sanitation & Driking water March 1997 July 2001 UNICEF
31. Community Based Motivation Training Packages March 1997 July 2000 UNICEF/ WDSS
32. Women Empowerment Program Aug 1996 April 1997 Asia Foundation /PACT
33. Education (ALC/CLC) May 1996 Feb 1997 Plan Nepal
34. Education (OSP) March 1995 Feb 1996 UNICEF
35. Education Basic Literacy of Women Sep 1995 Feb 1996 PACT Nepal
36 Fund Raising Program Film Charity show Program May 1995 May 1995 FORWARD/ Cinema house
38
FORWARD ANNUAL REPORT 2009
39
YEARLY FINANCIAL TRANSACTION
9. FORWARD'S FOURTEEN YEARS FINANCIAL JOURNEY
40
FORWARD ANNUAL REPORT 2009 FINANCIAL SUMMARIES
10.
10. Financial
Financial
SummariesSummaries
Forum for Rural Women Ardency Development (FORWARD)
Duhabi 3 Sunsari
BALANCE SHEET ( CONSOLIDATED )
AS AT 31.3.2066 (15th July 2009)
FINANCIAL SUMMARIES
4 Borrowings 2 198401313 180,913,132
5 Deposit Liabilities 3 117412713 73,314,137
6 Bills Payable
7 Proposed and Payable Divident
8 Income Tax Liabilities
9 Other Liabilities 4 7338001 5,065,292
Total Liabilities 387747795 296,369,177
41
Forum for Rural Women Ardency Development (FORWARD)
Duhabi 3 Sunsari
Income & Expenditure Account (Consolidated)
FY Mid July 2008 upto Mid July 2009
This Year Previous Year
S.N. Particulars Schedule Mid July 2009 Mid July 2008
1 Interest Income 13 66,767,064 44,371,784
2 Interest Expenses 14 18,075,398 11,684,264
a) Net Interest Income (1-2) 48,691,666 32,687,520
3 Commission and Discount - -
4 Other Operational Income 15 2,649,016 3,683,611
5 Foreign Exchange Income
FINANCIAL SUMMARIES
FINANCIAL SUMMARIES
30,466,133 2 Cash Outflow (2.1+
.+2.5) 41,780,119
11,684,264 2.1 Interest Expenses 18,075,398
10,750,376 2.2 Personnel Expenses 16,516,163
5,851,462 2.3 Office Operational Expenses 7,188,558
2.4 Income Tax Payment
2,180,031 2.5 Other expense -
17,589,262 a Cash flow before working Capital Activities (1-2) 27,635,961
(115,839,401) b Decrease/(Increase) in Current Assets (90,342,323)
(17,567,516) Decrease/(Increase) in Money at Call and Short Notice (22,657,448)
(1,125,000) Decrease/(Increase) in Short Term Investment -
(93,573,346) Decrease/(Increase) in Loan and Bills Purchase (66,568,840)
(3,573,539) Decrease/(Increase) in Other Assets (1,116,035)
95,604,285 c Decrease/(Increase) in Current Liabilities 63,859,466
36,596,131 (Decrease)/Increase in Deposits 44,098,576
(Decrease)/Increase in Certificate of Diposit
56,140,482 (Decrease)/Increase in Short Term Borrowings 17,488,181
2,867,672 (Decrease)/Increase in Other Liabilities 2,272,709
(628,544) B. Cash flow from Investing Activities (1+2+3+4) (1,722,169)
1 Decrease/(Increase) in Term Investment
(628,544) 2 Decrease/(Increase) in Fixed Assets (1,722,169)
3 Interest Income from Long Term Investment
4 Dividend Income
45
MICROFINANCE SUMMARIES
46
FORWARD ANNUAL REPORT 2009 MICROFINANCE SUMMARIES
HEARTFEL
HEAR
HEARTFELT
TFELT
T CONDOLENCE
CONDOLENCE
Born : April 15, 1969 Late Dinesh Chaudhary Late : June 26, 2007
Hira Thandar
Vice Chairperson
47
48
FORWARD ANNUAL REPORT 2009 FORWARD'S WORKING AREA