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Access to Financial Services in Nepal
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Facts:
- Only 26% of Nepalese households have a bank account.
- Access to financial services remains limited for most people in Nepal and has declined in recent years.
- Family and friends are by far the largest informal providers of loans to households.
- 69% of foreign remittances come through informal channels.
- Banks’ procedures are perceived as being the most cumbersome among financial institutions. |
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| | The report examines the country’s supply of and demand for financial services, constraints to increasing access, and offers recommendations for making the financial sector work for all Nepalese, especially the poor. The report finds that access to financial services remains limited for most people in Nepal and has declined in recent years. Family and friends are by far the largest informal providers of loans to households—and, contrary to common belief, family and friends often charge interest. | | |
Download Executive Summary » | Download Full Report » |
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Chapter 1: Supply of Financial Services in Nepal
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| | This chapter reviews the recent development of the finance sector in Nepal and the supply of financial services from formal financial institutions. | | |
Download Chapter » |
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Chapter 2: Demand Side Measures of Financial Services
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| | This chapter presents the results of a cross-sectional survey of the demand for the three basic financial services (credit, deposit and payment) from Nepali households. The chapter also reviews the demand for credit from small businesses. | | | Download Chapter » |
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Chapter 3: Constraints to Increased Access for Small Businesses and Low-income Households
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| | This chapter identifies the main obstacles, both at the institutional and also the legal regulatory level, that hamper access to financial services for low income households and small businesses. | | |
Download Chapter » |
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Chapter 4: Making the Financial Sector Work for Small Businesses and Low Income Households
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| | This chapter provides some conclusions and also suggestions for improving access for low income households and small businesses by strengthening the enabling environment and working with institutions that have the potential to move the access frontier forward. | | | Download Chapter » |
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| | World Bank Program
Website maintained by the World Bank Office in Kathmandu, a launching pad to all information on World Bank activities in the country (strategy, projects, publications, etc.) | | | Visit Page » |
| | | Development Data
A wide range of social and economic measures on Nepal, including links to the World Bank's most important online development databases. | | | Visit Page » |
| | Analysis and Research
Compilation of all the World Bank's publications on Nepal, with 'search' options and links to analysis and research on other South Asian countries. | | | Visit Page » |
| | World Bank Program in South Asia
Launching pad to all information on World Bank activities in Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. | | | Visit Page » |
| | Request an interview
To interview the report's author e-mail South Asia media contact. | | | Visit Page » |
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