In order to provide access to finance in the rural area of Nepal, SKBBL is promoting formation of new SFACLs through the process called Replication of SFACLs.The small farmers agriculture cooperatives are given responsibility to replicate SFACLs in neighboring villages. This approach at initiating self-governing institutions, the efficiency and expansion of cooperatives have increased. Of the 678 ongoing replication programs, 231 have transformed as SFACLs and managed successfully by small farmers. If assistance from the government and aid agencies continues, the bank will be able to expand programs at an increased pace with the principle of demand and supply. Clusters of such institutions will be developed to enhance access to micro finance services for the poor.
Programmes initiated by External Agencies are costlier and such programs doesn’t fully implies with locals. So,Small Farmer Coperatives from different local levels started to work together due to which programme costs effectively decrease and Programme’s impact increases. SFACLs from one local body helping small farmers of another local body for their economic and social development was introduced. This Practice of uniting small farmers for their socio-economic growth was initially termed as Farmer to Farmer Replication Program.
In Fiscal year 2075/2076, Farmer to Farmer Replication Program is going on around 70 rural local areas where SFACL’s services was not reached.
Features of Replication Program
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