SUMMIT OBJECTIVES AND THEMES

These following objectives will serve to guide the Summit proceedings:

1.     Foster partnerships between regulators and stakeholders to develop a common understanding of the urgent issues currently facing Nepal’s microfinance community

2.     Create a dialogue among practitioners, regulators, specialists, and clients based on concrete research findings

3.     Restore balance between social and financial objectives in Nepal’s microfinance community through an emphasis on human values

4.     Produce a Summit Declaration that includes specific, measurable commitments as well as a monitoring framework to address key issues and opportunities

5.     Provide a forum for mutual learning and joint action among the microfinance institutions

6.     Continue the involvement of the microfinance community through the monitoring of declarations and their implementation by the respective institutions. 

These proposed objectives desrcibe the intention behind each of the Summit themes.

Common Understanding:

The list of issues and opportunities to be supported by concrete data are addressed by the first objective, such as access, inclusion, technology, interest rate, spread rate, compulsory investment, and ceiling as well as mission drift, over-indebtedness and multiple borrowing, financial literacy & education, business planning, Start and Improve Your Business, and value-chain financing.

Concrete Research:

The second objective represents the current lack of evidence-based information across all aspects of microfinance in Nepal, as well as the lack of transparency (specifically methodology) in how research is conducted. This will be remedied by the creation of a database of microfinance information as well as specific research work on key microfinance issues and impacts in Nepal.

Balance of Values

The third objective relates to the industry’s heavy focus on financial objectives and the deficiency of social performance indicators and client protection principles. Both financial and social performance objectives are influenced by universal human values like compassion, peace, and right conduct. These relate to our driving intentions and the implementation process that we adopt. The blossoming of human values fulfills our material objectives, but at the same time makes us good human beings.

Practicable Declaration

The fourth objective endeavors to make the Summit Declaration more realistic, achievable, and measurable in comparison to the past. Previous declarations demanded action without necessarily consulting or getting the consent of the relevant organizations. Through this objective, the forthcoming declaration will strategically target the issues raised under the first objective, have provisions to ensure that necessary actions are taken and monitored in coordination with relevant organizations in a timely manner.

Inclusive Participation

The fifth objective describes the need for cooperation across Nepal’s microfinance community. Individual institutions currently tend to rely only on their own experiences and there is a deficiency of sector-wide information sharing. This cooperative forum is needed to facilitate more constructive and innovative communication both within and between the regulators, banks, FINGOs, cooperatives, and clients so that they can support one another to improve the microfinance community as a whole. 

Monitoring of Summit Declaration

Finally, the sixth objective relates to the status of the implementation of the earlier 2013 Summit declaration. The previous declaration will be discussed at a session at the upcoming Summit entitled "The State of Microfinance"; the 2017 Summit declaration will be monitored throughout 2018 and 2019 at the Annual Progress Update Workshops and will include additional innovations and issues. The 2017 Summit declaration will be finally evaluated at the next 2019 Summit. 

The following 8 themes serve to accomplish the Summit objectives stated above.

1. State of Microfinance in Nepal

2. State of Microfinance in South Asia 

3. Policy, Regulation and Practices 

4. Energy Financing 

5. Responsible Finance 

6. Diversification of sources of fund 

7. Technological Innovations

8. Balancing Financial, Social, and Human Values