Avsar Foundation (AF) is a not-for-profit organization established by Lotus Life Foundation. It is incorporated in Nepal with the objective of empowering economically and socially deprived individuals and communities across the country through various programs.
The foundation is currently in Dolakha, Kailali, Taplejung, Kapilvastu, Nawalparasi and Siraha. Since it’s launch in early 2018, it has disbursed over NPR 600 million to ~9,000 women borrowers.
To be a major contributor for Poverty Alleviation and Sustainable Development of Nepal.
To work with suitable partners to implement programs which empower socially & economically unprivileged communities across Nepal.
The Avsar Microfinance Program
With an objective to address the prevalent issue of illiteracy, low level of wealth and inheritance of debt in rural parts of Nepal, AF has introduced its first program called “AVSAR Microfinance (Interest Return) Program”.
Under the program, AF collaborates with banks and other financial institutions as its implementation partner to design microfinance lending programs targeted towards low income deprived population. Financial institutions disburse microfinance loans to targeted population and AF provides interest return facility to borrowers on such loans.
LLF and Avsar Foundation
In Nepal, LLF has signed a Memorandum of Understanding with Avsar Foundation, a not-for-profit organization, to jointly develop programs to achieve LLF’s Vision.