Arunoday Savings and Credit Co-operative Limited

Organization Name

Arunoday Savings and Credit Co-operative Limited

 

Chairperson

Mr. Rajesh Pandit

Contact Address

Mahuwan-2, Parsa

Tel No.: +977 – 9845041743

Email: suraj_aycm@hotmail.com

Website

Not applicable

     

 

Organizational Synopsis:

Arunoday Saving and Credit Cooperative Society Ltd. which is situated in a Mahuwan Village Development Committee of Parsa District, was established in February 09, 1993 under Cooperative Act 2048. Mahuwan VDC is remote area where most of the people being unable to earn a living due to the lack of institutionalized financial access to undertake micro enterprise of their skill and interest. Most of the people of this area were poor and deprived of financial and social services. With these prevailing situations, Arunoday saving and credit cooerative was established to combat with extreme poverty that existed in the area for hundreds of years.

 

The main aim the cooperative was to fulfill the basic financial needs of the poor and deprived people through a well established and sustainable financial institution with members' control and financial participation.

 

Organization Details

1.

Legal Status

 Micro Finance Development Banks

 NGO promoting Microfinance

 Cooperative

 Others

Specify _________________

2.

Established Date and Place

February 09, 1993, Parsa

3.

Vision Statement

A Community Based Cooperative financial institution with complete financial solutions.

4.

Mission Statement

Provide quickly and easily accessed savings, credit and other financial and non financial services at a competitive price to raise the socio0economic status of members.

5.

Number Of Districts Coverage

1

6.

Products and services

  • Loans
  •  Savings
  • Micro enterprise and skill development programs

7.

Number of Members

2024

8.

Loan Outstanding (NRs)

17,489,419

9.

Total Deposits (NRs)

3,134,723

10.

Share Capital (NRs)

1,160,100