Brief Introduction of Chandragiri SACCOS
BACKGROUND
Chandragiri Savings and Credit Cooperative Ltd. is a member-owned cooperative organization that was established in January 2001 in Mahadevsthan, located in the northern part of Chandragiri Hill in Kathmandu District, Nepal. It was founded by 25 individuals, including unsalaried workers, farmers, and social activists, with the aim of fighting poverty and promoting mutual help through cooperative activities.
Registered under the Cooperative Act 2074, Chandragiri Savings and Credit Cooperative Ltd. has been providing a wide range of financial and other services to its members, covering Kathmandu and Lalitpur Districts and Dhunibesi Municipality of Dadhing District. With three service centers in different locations, the cooperative offers 15 saving products, 19 loan products, 7 Social Security packages, 4 other services, and 5 Digital Banking services.
Affiliated with prestigious organizations such as the Association of Asian Confederation of Credit Union (ACCU), Nepal Federation of Savings and Credit Cooperative Union (NEFSCUN), National Cooperative Bank of Nepal (NCBL), Bagmati Province Savings and Credit Cooperative Union, Kathmandu Saving and Credit Cooperative Union (KASCUN), and Kathmandu District Union of Cooperative, Chandragiri has been actively contributing to the promotion of savings and credit cooperatives in Nepal and also in Asia.
Due to its commitment to providing quality services and contributing to the nation’s development, Chandragiri has received numerous awards and recognition, including “The Excellent Cooperative Business Award 2076” from the National Cooperative Federation of Nepal(NCF) and “The Best Manager Award 2080” from Nepal Federation of Savings and Credit Cooperative Union (NEFSCUN).
Chandragiri Savings and Credit Cooperative Ltd. stands firmly by its members—whether during times of crisis or normalcy. Throughout the COVID-19 pandemic and beyond, the cooperative has consistently delivered outstanding services, demonstrating unwavering dedication to the community. It actively contributes to local development through a range of initiatives, including higher education scholarship programs aimed at supporting underprivileged students in community schools and colleges.
Committed to advancing the Sustainable Development Goals (SDGs), Chandragiri prioritizes the financial well-being and security of its members. Its core objective is to promote the happiness and prosperity of members while safeguarding their businesses and ensuring responsible loan management. With resilience and hope, Chandragiri looks forward to a brighter and more stable future for all.
During times of financial crisis, Chandragiri Savings and Credit Cooperative Ltd. has demonstrated strong financial viability and resilience. The cooperative’s prudent financial management practices and diversified portfolio have enabled it to navigate challenging economic conditions effectively. By offering a wide range of financial services, Chandragiri has diversified its revenue streams and minimized risks associated with a single product or sector. Furthermore, the cooperative’s adherence to strict risk management policies and regular monitoring of its loan portfolio has helped mitigate the impact of the crisis. Chandragiri has also leveraged its strong relationships with affiliated organizations and government institutions to access additional support and resources during challenging times. Through its proactive approach and commitment to the financial well-being of its members, Chandragiri has maintained its stability and continued to serve as a reliable financial partner, even in times of financial turmoil.
VISSION
“Sustainable SACCOS and happy and prosperous member”
The vision statement of Chandragiri Savings and Credit Cooperative Ltd is “Sustainable SACCOS and happy and prosperous member.” This vision reflects the cooperative’s commitment to long-term sustainability and the well-being of its members. By aiming to be a sustainable SACCOS (Savings and Credit Cooperative Society), Chandragiri emphasizes the importance of building a strong and resilient institution that can withstand challenges and continue to provide high-quality financial services to its members. The cooperative seeks to achieve sustainability through effective financial management, risk mitigation, and strategic planning.
Furthermore, Chandragiri’s vision highlights its dedication to ensuring the happiness and prosperity of its members. The cooperative aims to empower its members by uplifting their socio-economic status and improving their financial well-being. It strives to offer a comprehensive range of financial products and services that cater to the diverse needs of its members, supporting their individual and collective growth.
Overall, the vision statement encapsulates Chandragiri Savings and Credit Cooperative Ltd’s aspirations to be a sustainable organization while prioritizing the happiness and prosperity of its members, thereby fostering a strong and mutually beneficial relationship between the cooperative and its members.
MISSION
Improved living standard of members through financial and other services with social security programs adopting innovative policies and advanced technologies based on international credit union principle:
The mission statement of Chandragiri Savings and Credit Cooperative Ltd is to improve the living standard of its members through the provision of financial and other services, coupled with social security programs. The cooperative aims to uplift the socio-economic status of its members by offering a wide range of services that cater to their diverse needs. This includes providing financial assistance, such as savings and loan products, as well as implementing social security programs to ensure the well-being and security of its members.
Chandragiri is committed to adopting innovative policies and embracing advanced technologies to enhance the efficiency and effectiveness of its services. By incorporating international credit union principles, the cooperative strives to adhere to globally recognized standards and best practices. This ensures that Chandragiri operates with integrity, transparency, and accountability while delivering quality services to its members.
Overall, the mission statement reflects Chandragiri Savings and Credit Cooperative Ltd’s dedication to improving the lives of its members by providing comprehensive financial services, implementing social security programs, and embracing innovation and international standards. The cooperative aims to be a trusted and reliable partner in the pursuit of its members’ financial well-being and overall improvement in their living standards.