Problems and prospects of the cooperative sector in Nepal for promoting financial inclusion
Cooperatives are generally defined as community-based, and member-owned, managed, and controlled organizations. The first cooperative in Nepal was established in 1956. Due to a lack of a fundamental understanding of cooperatives, the movement was very weak in Nepal till 1992. A major change in the sector took place in 1992, when the Cooperative Act 1992 was promulgated. The Act specified that the government would no longer directly promote cooperatives. As a result, the independent growth of cooperatives took off and the number of cooperatives had reached over 26,500 as of July 2012. Cooperatives in Nepal offer a wide range of savings and credit, insurance, and non-financial services. Their accomplishments to date in the area of socio-economic development of members indicate that cooperatives can continue to grow as key players in the development of Nepal. This paper provides evidence that if cooperatives operating in different villages are strengthened, they will contribute significantly to improving access to finance and the well-being of members.CECI (1998) In Search of Best Practices of Community-based Organisations, Kathmandu, Nepal: CECI.
Central Bureau of Statistics (CBS) (2011a) Nepal Living Standard Survey, Kathmandu, Nepal: CBS.
CBS (2011b) National Population and Housing Census, Kathmandu, Nepal: CBS.
Cooperative Training Center (2009) Sahakari Adhyan Mala and Pre-cooperative Education, Kathmandu, Nepal: CTC.
Department of Cooperatives (DoC) (2012) Statistics of Cooperatives in Nepal, Kathmandu, Nepal: DoC.
DVN (2000) Assessment of Micro-finance Program in the Hills of Nepal, Kathmandu, Nepal: Plan International.
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Simkhada, N.R. (2004) ‘Innovations in Nepal's microfinance sector and benefits for Asia: a case study of four savings and credit cooperative societies operating in the hills of Nepal’, paper presented to the workshop on Sharing Microfinance Resources and Knowledge in South Asia, Kathmandu, Nepal: Centre for Microfinance (CMF) and the Foundation for Development Cooperation (FDC).
Simkhada, N., Sharma, N. and Shrestha, R. (2006) Impact Assessment of Four SACCOS in the Hill Districts of Nepal, Kathmandu, Nepal: Centre for Micro-Finance (CMF).
CECI (1998) In Search of Best Practices of Community-based Organisations, Kathmandu, Nepal: CECI.
Central Bureau of Statistics (CBS) (2011a) Nepal Living Standard Survey, Kathmandu, Nepal: CBS.
CBS (2011b) National Population and Housing Census, Kathmandu, Nepal: CBS.
Cooperative Training Center (2009) Sahakari Adhyan Mala and Pre-cooperative Education, Kathmandu, Nepal: CTC.
Department of Cooperatives (DoC) (2012) Statistics of Cooperatives in Nepal, Kathmandu, Nepal: DoC.
DVN (2000) Assessment of Micro-finance Program in the Hills of Nepal, Kathmandu, Nepal: Plan International.
International Cooperative Alliance (2012) ‘Cooperative identity, values & principles’ [webpage] <http://ica.coop/en/what-co-op/co-operative-identity-values-principles≯ [accessed 8 May 2013]. http://ica.coop/en/what-co-op/co-operative-identity-values-principles
Simkhada, N.R. (2004) ‘Innovations in Nepal's microfinance sector and benefits for Asia: a case study of four savings and credit cooperative societies operating in the hills of Nepal’, paper presented to the workshop on Sharing Microfinance Resources and Knowledge in South Asia, Kathmandu, Nepal: Centre for Microfinance (CMF) and the Foundation for Development Cooperation (FDC).
Simkhada, N., Sharma, N. and Shrestha, R. (2006) Impact Assessment of Four SACCOS in the Hill Districts of Nepal, Kathmandu, Nepal: Centre for Micro-Finance (CMF).
CECI (1998) In Search of Best Practices of Community-based Organisations, Kathmandu, Nepal: CECI.
Central Bureau of Statistics (CBS) (2011a) Nepal Living Standard Survey, Kathmandu, Nepal: CBS.
CBS (2011b) National Population and Housing Census, Kathmandu, Nepal: CBS.
Cooperative Training Center (2009) Sahakari Adhyan Mala and Pre-cooperative Education, Kathmandu, Nepal: CTC.
Department of Cooperatives (DoC) (2012) Statistics of Cooperatives in Nepal, Kathmandu, Nepal: DoC.
DVN (2000) Assessment of Micro-finance Program in the Hills of Nepal, Kathmandu, Nepal: Plan International.
International Cooperative Alliance (2012) ‘Cooperative identity, values & principles’ [webpage] <http://ica.coop/en/what-co-op/co-operative-identity-values-principles≯ [accessed 8 May 2013]. http://ica.coop/en/what-co-op/co-operative-identity-values-principles
Simkhada, N.R. (2004) ‘Innovations in Nepal's microfinance sector and benefits for Asia: a case study of four savings and credit cooperative societies operating in the hills of Nepal’, paper presented to the workshop on Sharing Microfinance Resources and Knowledge in South Asia, Kathmandu, Nepal: Centre for Microfinance (CMF) and the Foundation for Development Cooperation (FDC).
Simkhada, N., Sharma, N. and Shrestha, R. (2006) Impact Assessment of Four SACCOS in the Hill Districts of Nepal, Kathmandu, Nepal: Centre for Micro-Finance (CMF).
CECI (1998) In Search of Best Practices of Community-based Organisations, Kathmandu, Nepal: CECI.
Central Bureau of Statistics (CBS) (2011a) Nepal Living Standard Survey, Kathmandu, Nepal: CBS.
CBS (2011b) National Population and Housing Census, Kathmandu, Nepal: CBS.
Cooperative Training Center (2009) Sahakari Adhyan Mala and Pre-cooperative Education, Kathmandu, Nepal: CTC.
Department of Cooperatives (DoC) (2012) Statistics of Cooperatives in Nepal, Kathmandu, Nepal: DoC.
DVN (2000) Assessment of Micro-finance Program in the Hills of Nepal, Kathmandu, Nepal: Plan International.
International Cooperative Alliance (2012) ‘Cooperative identity, values & principles’ [webpage] <http://ica.coop/en/what-co-op/co-operative-identity-values-principles≯ [accessed 8 May 2013]. http://ica.coop/en/what-co-op/co-operative-identity-values-principles
Simkhada, N.R. (2004) ‘Innovations in Nepal's microfinance sector and benefits for Asia: a case study of four savings and credit cooperative societies operating in the hills of Nepal’, paper presented to the workshop on Sharing Microfinance Resources and Knowledge in South Asia, Kathmandu, Nepal: Centre for Microfinance (CMF) and the Foundation for Development Cooperation (FDC).
Simkhada, N., Sharma, N. and Shrestha, R. (2006) Impact Assessment of Four SACCOS in the Hill Districts of Nepal, Kathmandu, Nepal: Centre for Micro-Finance (CMF).
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