Community Led Finance
The Community Finance program to support women’s engagement in economic activities was initiated by Lumanti in 1996. In the first year, 8 women’s saving and credit groups were formed in slums and low income settlements in Kathmandu and Lalitpur. By 2007, the number of savings and credit groups increased to 317 with 6,783 members under the umbrella of 17 saving and Credit Cooperatives and by 2017 savings and credit groups increased to 1,641 with 32,482 members within 34 saving and Credit Cooperatives.
Lumanti provides financial and technical assistance to woman's saving and credit groups and cooperatives to improve and increase easy access to financial resources, economic empowerment, enhance entrepreneurship skills, and to promote self-reliance. Lumanti believes that savings can be a key tool in organizing women, leading to socio-economic transformation of the women and the communities. Saving schemes is a strong form of community-based finance that ultimately helps communities to leverage resources, access land, safe and secure shelter and build a harmonious working relationship with the local governments.