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Enhancing Efficiency and Impact of Women's Managed Savings and Credit Cooperatives in Nepal

Enhancing Efficiency and Impact of Women's Managed Savings and   Credit Cooperatives in Nepal
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Completed

 

 

Project summary:

           1.   Introduction

Canadian Cooperative Association (CCA) approved the new project "Enhancing Efficiency and Impact of Women managed Savings & Credit Cooperatives in Nepal" (Mahila Jagaran Phase III) signed on 18 November, 2005, and effective from 01 October 2005. This is a three year Project from October 01, 2005 to September 30, 2008 and now extended upto March 2010 using CCA's financial contribution to further enhance the institutional capacity of an existing 50 partner SCCs and to institutionalize an additional 150 NBS-promoted SCGs not covered in the previous project. Various project interventions will result in sustainable quality financial service delivery reaching a total of 25,000 poor women members.

        2.   Goal

Increase the effectiveness and impact of saving and credit cooperatives in reducing poverty

        3.    Objectives

             -  Major objectives of the Project are to:

             -  Increase the effectiveness and impact of savings and credit co-operatives in reducing poverty ;

             -  Increase the outreach of saving and credit cooperatives with qualitative growth on the previous program ensuring sustained                  financial services to 25,000 poor women;

             4.   Expected Results

Impact:

Women managed saving and credit cooperatives effectively reduced poverty of their members in rural Nepal.

Outcome:

-   Improved the livelihoods of poor households (with particular reference to women)

-   Greater sustainability of co-ops serving poor households (with particular reference to women)

Output:

-    Improved access of poor households to the benefits of co-op organizations

-    Increased economic efficiency and management effectiveness of co-op enterprises and systems

-   Increased responsiveness of co-ops to member needs

-    Increased empowerment of women through co-ops

-   Enhanced capacities of co-operatives to undertake policy research and advocacy activities

-   Increased awareness of co-operatives as vehicles of poverty reduction amongst concerned stakeholders

            5.   Project Funding Partners: CIDA, CCA and CMF