Develop Women Savings & Credit Cooperative, Nepal

Summary

Strengthen women’s cooperatives, develop management skills of the members, and improve the economic position of the women through income generating projects and sustainable agriculture practices. progress report read updates from the field

How Donors Like You Helped

Thanks to donors like you, a total of £4,344 was raised for this project.

Received £4,344 from 168 donations from people around the world like:

(Anon.)

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More Information About this Project

Project Needs and Beneficiaries

In Nepal poverty is not just a lack of income. It is a lack of resources, opportunities and skills. The poor typically have poor quality land, limited rights, widespread illiteracy and a near absence of business infrastructure beyond agriculture. Cultural traditions make the problem worse and ensure that women have even fewer economic or political roles. The project will help 300 women access economic opportunities, build leadership skills, and develop sustainable farming methods.

Activities

Training will be provided on sustainable agriculture and environmental awareness, also on matters of governance, and skills to run an effective cooperative. Information sharing will be encouraged and there will also be workshops on gender issues.

Funding Information

Total Funding Received to Date: £4,344

Funding Information

This project is now in implementation and no longer available for funding. Received funds will be used to accomplish concrete objectives as indicated in the project's "Activities" section. Updates will be posted under the "Progress Report" tab as they become available.

Donors' contributions and pledges to this project totaled £4,344. The original project funding goal was £8,170.

Additional Documentation

This project has provided additional documentation in a Microsoft Word file (projdoc.doc).

Resources

Why this Project is Important

Potential Long Term Impact

Improve food security and livelihoods through economic development opportunities while also improving the natural environment. Advance women’s leadership development and create institutions that they control.

Project Message

Women can make their own decision if they are economically strong. Economic empowerment opens door for women to address other social issues.
- Prativa Subedi, WACN Secretary and Founder

Who is Running This Project

Contact

Gillian Wilson,
IDEX Latin America Program Director
IDEX
827 Valencia Street, Suite 101
San Francisco, CA 94110
United States
415-824-8384
Email:

Project Sponsor

IDEX (International Development Exchange)

Organisation

Women Awareness Center, Nepal (WACN)
PO Box 2224
Gyaneswor, Khatmandu N/A
Nepal
977-1-4417355
http://www.wacn.org.np/

Learn more about Women Awareness Center, Nepal (WACN) and the project team.

Where this Project is Located

Country

This project is located in Nepal and can also be found under Microfinance.

For more information about Nepal, read the Human Development Report on Nepal or the Wikipedia entry for Nepal.

When this Project was Updated

Last Updated

This project was last updated on August 04, 2010.

Date Added to GlobalGiving

This project was added to the GlobalGiving project catalog on November 15, 2004.

Latest Update from the Field

WACN Final Report

By Gillian Wilson - Communications Director, August 04, 2010 12:03 PM

Thank you for all your support and donations to WACN’s work. With your help, over 300 women in rural Nepal this year have been able to change the course of their lives.

Maya Devi Sarki’s story is one of many from WACN that shows that when women are given an opportunity to earn their own income, they change not only their financial circumstances but also their role in Nepalese society.

Maya is a member of a savings and credit cooperative. She has 5 daughters and as a result was abused by her family for failing to deliver a son. She felt her future was bleak. However, a friend persuaded her to join the cooperative and after becoming a member she realized the importance of earning an income. By saving regularly she has been able to take out several loans ranging from NRs 5,000-15,000 and has paid them all back on time. She established a small business where she buys vegetables from her village and takes them to market to sell. She now earns NRs500 per day from this. She was even able to support a family member with their own business venture.

Maya is full of praise for the flexible way the loans are administered. The interest rates are very reasonable and allow her to borrow when she needs money so she doesn’t need to use her earnings as collateral. Her financial resources, financial stability and standards of living have broadened with each passing month. Maya is proud her work supports the people in her village. She enjoys her work very much and says she feels respected in her family and her community.

Maya’s story shows how women can be empowered through programs that involve women from the start and address their concerns. Before joining WACN, Maya had no control over or access to resources. Through the savings program, she now has both and is playing an active role in the community. But there is more still to be done. WACN has supplied us the details of their current activities and we have posted new project information here: http://globalgiving.org/projects/build-women-savings-and-credit-cooperatives-nepal , project ID #6053.

Links:

WACN newest project on GlobalGiving

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