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Home > Find a Project > Nepal > Microfinance > Develop Women Savings & Credit Cooperative, Nepal

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 reportread updates from the field


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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
Remaining Goal to be Funded: £3,826
Total Funding Goal: £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

International Development Exchange (IDEX)

Organisation

Women Awareness Center, Nepal (WACN)
PO Box 2224
Gyaneswor, Khatmandu 
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 July 23, 2010.

Date Added to GlobalGiving

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

Latest Update from the Field

Training on Cooperative Account Keeping

By Gillian Wilson - Communications Director, IDEX, June 29, 2010 01:25 PM

WACN works to empower women through a Savings and Credit Cooperative model. They assist a group of at least 5 women in one village to form these cooperatives. The women save money with the cooperatives and when there are sufficient funds it is possible for women to take a loan.

To be strong cooperative and ensure women can receive the full benefit of being part of cooperative, the women need to know how to run the cooperatives effectively. WACN organizes practical trainings for group members to learn how to keep accounts and manage loans. Since our last update 22 members of the Shree Kamala Devi Savings and Credit Cooperative from Padampur, Chitwan have participated in their first practical training.

The women were encouraged to voice their expectations and training objectives were consequently structured to address these concerns.

The training session covered:

•   The meaning and importance of different cooperative account topics

•   The materials needed for proper account keeping such as: day book, invoice, savings register, individual loan disbursement and repayment register, pass book, loan sheet, journal vouchers and assets, liabilities, income and expenditure account books

•   How to keep journals vouchers and other accounting methods

•   How to calculate interest on savings and loans

•   How to make a plan and conduct activities according to that plan

•   The role of debit and credit

At the end of training, participants were able to prepare receipts, calculate loan interest, savings and income, fill out a pass-book and expenditure account books.

A 4-day cooperative refresher training has also been accomplished for 10 members of the Makwanpur Cooperatives. Participants were pre-selected for the refresher as they had all previously completed cooperative education training.

Training included:

•   The importance of saving (the types and processes)

•   Loans: types, disbursement and repayment

•   Importance and principles of cooperatives

•   Duties and responsibilities of management, loan and account committees

Each participant was given a different topic and asked to facilitate classes. Now each of the 10 participants is able to confidently facilitate trainings on her own and is now able to share their information with their respective cooperatives.

By donating to WACN you are ensuring more women can benefit from participating in these cooperatives.

Thank you for your support.

Read 15 more "Updates from the Field" | Comment on this update

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