GOVERNANCE

The Centre for Microfinance (CMF) is governed by a General Assembly comprised of 48 members and policy guided by the seven Directors of the Board, chaired by Dr. Rewat Bahadur Karki. The General Assembly is an apex body of the organization which meets annually. The Board of Directors directs the CMF management team on policy and guidelines for the effective operation of the organization and its programs and projects. The Board is elected every four years from among the shareholders of the organization. Gender equity, trust building, cooperation, learning, performance and inclusiveness are the key features of the governance of CMF.

The Chairperson heads the management of the CMF and is responsible for participatory decision making in regards to the policies, objectives, and strategies of the organization. The Management Team develops new programs and proposals in consultation with CMF partners. Based on the CMF’s strategic plan and policy guidelines, the Program Department prioritizes issues and develops programs and projects accordingly. The central office acts as the principal administrative and coordinating body of the organization.

Click Here: for more information regarding institutional shareholders and associative members.

 


 


 

Board of Directors Biographies

Dr. Rewat Bahadur Karki
Chairperson

 

 

Dr. Rewat Bahadur Karki has joined as Executive Chairperson of Centre for Microfinance (CMF), Nepal on January 16, 2020. Dr. Karki holds a PhD in Economics from Magadha University, Bodhgaya, India, and MA in Economics from Tribhuvan University, Nepal, and is also a law graduate from the same University. Prior to this, Dr. Karki worked as Executive Chairperson of (SEBON) for four years and led the capital market of Nepal, making structural reforms in both primary & secondary markets. Before that, he was the Chairman of the Board of Directors of Rastriya Banijya Bank, the largest government-owned bank, was working as an freelance Economist & Expert of banking, microfinance & capital market. From 2013 to 2015, Dr. Karki worked as Executive Director of CMF-Nepal.

Dr. Karki has national and international working experience in different capacities in the banking & capital market, and other several financial institutions including development & microfinance sectors. While assuming the role of CEO and Ex-Officio Board Member of Nepal Stock Exchange Ltd. (NEPSE), he started a number of reforms including trading automation from 2006 to 2008. From 1995 to 1998, Dr.Karki worked as Executive Director from in the Mid-Western Rural Development (Microfinance) Bank of Nepal. He worked for more than 25 years at Nepal Rastra Bank, the Central Bank of. Internationally, Dr. Karki served as an Advisor to Executive Director (2002-2005) at International Monetary Fund (IMF), Washington D.C. USA, and also as an Economist (1992-1994) at the Bank of Namibia, Namibia.

Dr. Karki also worked as Director to Different Boards : Investment Banking Ltd., Citizen Investment Trust, Nepal Stock Exchange Ltd., and Credit Information Bureau including Mid-Western Rural Development (Microfinance) Bank, and Far Western Grameen Bikas (microfinance) Bank.

Dr.Karki has also worked as a resource person in different national & international conferences, seminars, trainings in addition to his participation in numerous national & international conferences (including microfinance), seminar and trainings organized by IMF, World Bank, US Securities & Exchange, SAFE, Southeast Asian Central Banks (SEACEN), Research and Training Center, Swiss National Bank, Grameen Bank Bangladesh, microfinance institutions etc.  Moreover, Dr. Karki was also Chief Editor to ‘ArthikSangalo (Eco Magazine) Annual’ and ‘News Bulletin Half Yearly’ of Nepal Rastra Bank EEA, has several articles and publications on economic, financial and budgetary issues including micro finance in different economic papers and journals to his credit. 

 
Ganesh Bahadur Thapa
(Ex Governer - NRB
and Senior Advisor)

Mr. Ganesh Bahadur Thapa holds a Masters Degrees in Political Science and Economics from Tribhuvan University Nepal. He is an expert in Governance and Microfinance with numerous years of national and international experience. Mr. Thapa worked at Nepal Rastra Bank (Nepal's central bank) for 35 years, and served as Governor of the bank from 1985 to 1990. During this period he gained experiences as a Special Officer to the Ministry for Commerce and Industries, General Manager at Nepal Industrial Development Corporation (NIDC), FAO Consultant Scheme for Agricultural Credit Development (SACRED). He has also held the titles of Investment Planner and Analyst at the UNDP/UNDO Project in Karakarya Indonesia, Vice Chairperson and Board of Trustees Member of the South Asia Network of Microfinance Initiatives (SANMFI) in Dhaka, Bangladesh, Microfinance Policy Adviser to the Government of Pakistan and the Pakistan Poverty Alleviation Fund on behalf of Asian Development Bank, Senior Consultant to the Banking with the Poor Program (Australia), Chairman of APRACA (Asian Pacific Regional Agricultural Credit Association), and as a Leader of IFAD/GTZ Project Review Mission of the Marginal and Small Farm Systems-Crop Intensification Project (MSFSCP), Bangladesh. Upon retiring from the Nepal Rastra Bank, Mr. Thapa has provided his services to several projects mainly based around the South East Asian region as a consultant and policy advisor.

Email: gbthapa@wlink.com.np

 

 
Jalan Kumar Sharma

Mr. Jalan Kumar Sharma has worked as Chief Executive Officer in Sana Kisan Bikas Financial Institution, which is a wholesale landing microfinance financial institution for 8 years. In August 2017 he completed his two four years tenure there. Prior to that Mr. Sharma had also worked in the capacity of Registrar at B.P.Koirala Institute of Health Sciences, at Dharan, Nepal. Mr. Sharma started his career at Agricultural Development Bank (ADBL) in the year 1977 and worked there till 2004. He served there in the capacity of Acting General Manager (CEO) also. ADBL is one of the pioneer commercial banks in Nepal which has worked in development and promotion of microfinance in the country.

Mr. Sharma has obtained the degree of Master of Science in 1988 (Human Resource Development in the Faculty of Education) from Victoria University of Manchester U.K. and Master of Business Administration and Commerce (MBA/C) from Tribhuvan University Kathmandu, Nepal 1978.

Mr. Sharma has participated in various international seminars/workshops and forums. He successfully represented in Managing Committee and General Council meetings of CICTAB on various occasions, World Congress on Rural and Agriculture Finance and Excom Meeting and Regional Workshop on Woman Empowerment of APARACA, Microcredit Summit Campaigns, General Assembly and Biannual Conference of the International Cooperative Alliance, Banking Sector Reform and Development and Cooperative Empowering Communities.

 

Pitamber Prasad Acharya
Vice Chairperson

Mr. Pitamber Prasad Acharya is a graduate in Commerce, Law and Regional Development and Planning within Nepal and abroad. He is a pioneer of poverty reduction initiatives at the grassroots level in Nepal. He has also served as Founder and Chairman of the DEPROSC Development Bank and Microfinance Association of Nepal (MIFAN), in addition to the Development Project Service Centre (DEPROSC Nepal). Mr. Acharya has served for more than 20 years at the Agricultural Development Bank of Nepal up to the capacity of Zonal Manager. He has a wide range of exposure and meaningful participation at national, regional and international level seminars, dialogues and conferences. He has led more than a dozen research projects and studies conducted for various donors and international agencies. Mr. Acharya conceived DEPROSC Nepal eighteen years ago with the intention of bringing marginalized groups, particularly impoverished women living in rural parts of Nepal, into the development mainstream to give rise to their livelihoods social development and self dignity.

Email: deprosc@gmail.com
 

Tulasi Prasad Uprety


Mr. Tulasi Prasad Uprety holds an MSC in Management from Manchester University, United Kindom, a Master of Arts in Economics from Tribhuvan University, Nepal, and a Master of Arts in Sociology from Gorakhpur University, India. Mr. Tulasi has participated in various training programs in management, banking, central banking, and microfinance in Nepal and abroad. Mr. Tulasi worked at Nepal Rastra Bank for more than 30 years and voluntarily retired as an Executive Director. Since then he has been actively involved as a freelance consultant to both local and international agencies in banking, finance, and development issues, particularly related to microfinance. He is one of the promoters of Janata Bank, Clean Energy Development Bank, Infrastructure Development Bank, Swastic Merchant Finance Company, Arun Vally Hydropower Company and Ridi Khola Hydropower Company. He is the Chairperson and Chief Executive Officer of the National Microfinance Bank, and Dynamic Fund Pvt. Ltd. He also teaches microfinance courses at Kathmandu University and management courses at the Management Development Center of the Management Association of Nepal (MAN). He is lifetime member of MAN, the Association of British Alumni in Nepal (ABAN), and Nepal Council of World Affairs (NCWA). He was a Board Member of Asia Pacific Rural and Agriculture Credit Association (APRACA) for about two years.

Email: tuprety@gmail.com

 

Saraswati Shrestha

Ms. Saraswati Shrestha holds a Masters Degree in Economics from the University of Hawaii/Columbia University in the the United States and Bachelor of Law from Tribhuvan University in Nepal. She is a founder and was the Executive Chairperson (1995-2008) of the Women Cooperatives Society Ltd. (WCS), a banking and microfinance institution.

She is also involved as a board member of the Centre for Self-help Development, a financial NGO. She also serves as the chairperson for the Senior Citizens Health Cooperative and a promoter for the Governing Board of International Network of Alternative Financial Institutions (INAFI) Nepal.

Ms. Shrestha has worked for 28 years with the Government of Nepal and various other organizations throughout her career. She was a Section Officer of the Research and Analysis Division under the Ministry of Finance; Section Officer at the Department of Electricity under the Ministry of Water Resources; Administrator (Under Secretary) of Tri-Chandra College under the Ministry of Education, Joint Secretary and Chief of Revenue Training Centre and Corporation Coordination Division under the Ministry of Finance, and Additional Secretary of the Ministry of Housing and Physical Planning.

She was named one of the Commendable Women of The Year by Shanti Bikash Abhiyan and Best Woman Manager of the Year by the Management Association of Nepal (MAN). She has been also decorated by Suprasidda Prabal Gorkha Dakshin Bahu IV and Trisakti Patta IV.

Furthermore, Ms. Shrestha has participated in various national and international trainings, seminars, and conferences related to microfinance and other financial matters. She also holds an expertise in article writing and has a wide knowledge in national and international issues.

 

Ambika Pradhanambika

Ms. Ambika Pradhan holds a Masters Degree in Economics from Tribhuvan University. She has served as the Vice-Chairperson and Principal Director of the Microfinance Programme in Manushi since 2002. She had previously worked at the Nepal Rastra Bank for 32 years from 1968 to 1999, working mainly in the Research Department. Ms. Pradhan had started her job as an officer and retired at Senior Officer level. She holds work experience as a General Manager of Lube Oil in 1985. Ms. Pradhan has participated in various trainings, seminars, and workshops abroad in America, Europe and South East Asia. She is fluent in Newari, Nepali, English, and Hindi.

 

Ram Chandra JoshiRam

Mr. Ram Chandra Joshi holds a Masters in Business Administration from Tribhuvan University in Nepal. He previously worked as a Senior Administrative/Account Officer and Action Programme Officer for the Integrated Development Studies (IIDS) and for the Neighborhood Society Service Centre as Chief Programme Coordinator. Mr. Joshi has participated in several forums and seminars where he presented papers on microfinance. He currently serves as CEO for the Chhimek Laghubitta Bikas Bank Ltd...

 
Janardan Dev PantRam

Mr. Janardan Dev Pant is Chief Executive Officer of Nirdhan Utthan Laghubitta Bittiya Sanstha Ltd, an Microfinance Institution involved in extending financial services to low income group in Nepal. He is Vice Chairman of Nirdhan, an NGO involved in extending services in education, training, and health to deprived sector people. He is Board Member of Center for Microfinance Nepal, a pioneer network of microfinance institutions and professionals with a not for profit agenda. He is also Chairman of Dr. Harihar Dev Pant foundation, a charitable not for dividend organization.
He was a Director of Nepal Investment Bank Ltd from July 7, 2010 to August 31, 2015 and Chairman of its Audit Committee and Member of Risk Management Committee. He was also a Director of Siddhartha Insurance Limited from April 16, 2012 to April 12, 2016 and Chairman of its Audit Committee and Member of Risk Management and Solvency Committee. He was also founding Chairman of Quantum Capital Limited, a management and investment company.
Mr. Pant began his banking career with Himalayan Bank Ltd (HBL) in the Credit Department and spent 11 years in various managerial positions, Prior to his career with HBL, Mr. Pant held Office Chief position in District Irrigation Office, Rupandehi District, Government of Nepal and Technical Officer with Nepal Industrial Development Corporation, He earned a B.S. Civil Engineering degree. Mr. Pant holds an MBA in Finance from Oklahoma City University.