ALBS half yearly review for 2081/082 and Training on Risk Mitigation Strategies in Group Lending Model held

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Feb 4, 2025. Dang Ghorahi: The ALBS Half Yearly Review for fiscal year 2081/082 BS was held at Hotel Pauwa in Dang Ghorahi from February 2 to 3, 2025.

Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ALBS) held a half-yearly review and training for its staff of 21 branches in Dang, Banke, and Bardia districts in Lumbini province.

CEO Saugat Chaudhary presided over the program, which included ALBS founding chair Aasmani Chaudhary as the chief guest. 

The training and review program was aimed at enhancing the financial capability of group-based lending members.

During the financial literacy program, participants were trained on various aspects of financial management, with a particular focus on financial risk mitigation strategies.

The training also included discussions on the importance of savings, loan repayment discipline, responsible borrowing, and overall financial planning. However, there was some uncertainty among participants regarding how to apply the knowledge gained in their daily financial activities.

To address this concern, additional sessions on "Risk Mitigation Strategies in Group Lending Model" were conducted. The training covered key concepts such as loan portfolio diversification, credit assessment techniques, responsible lending practices, risk-sharing mechanisms, and institutional guarantees in the financial sector.

The training methodology included interactive discussions, case studies, and participatory exercises to ensure practical application. The sessions were led by financial experts with extensive experience in financial literacy, risk management, and group lending models.

The other speakers and trainers in the program included senior central staff Nep Bahadur Chaudhary, Nirmal Chaudhary, Susila Giri, Subir Chaudhary. 

The training was moderated by human resource officer Kalidas Chaudhary.