In the course of implementing CPRP, we had to face several challenge, like worldwide economic recession, adverse impacts of climate change, price hikes of essential food/non-food items, etc. which eroded our development achievements to some extent.
Halfway through the implementation of CPRP had to discontinue our longpracticed “People Managed Savings and Credit” (PMSC) Program, as this did not align within the framework of under presumption that is would constitute an infringement of the Microfinance Regulatory Act, enacted in early 2006.
Ceasing of the PMSC program was one of the major setbacks for CCDB, is considered to be a building block of the process of building peoples institutions and community empowerment……. [ DOWNLOAD PDF ]