NAXA was awarded with the Asian Disaster Preparedness Center’s (ADPC) Climate Innovation Challenge (CIC) 2021 Grant in the thematic area: Risk Financing Solutions. NAXA developed a software system with customizable toolkits capable of assessing household-level vulnerability and risk factors based on custom criteria and a wide range of parameters set up as per local settings. The project was implemented in ward 12 & 13, two flood prone communities of Bhimdatta Municipality of Farwest Province of Nepal. The system provides both spatial and attributes visualization of household vulnerability and risk, thus serving as a decision-making tool for the government or humanitarian agencies in evidence- based risk financing. In addition, Disaster Preparedness and Response Plan (DPRP) can be auto-generated from the system for each house to be used during emergency situations.