By Balu Iyer | Asia Program Director, IDEX
Activities carried out
Training on capacity-building
Cooperative Education Training: 3-day cooperative management training for 30 women. The issues addressed were rules and services associated with participation, cooperative concepts and principles, savings mobilization, and credit management.
Bookkeeping: The training was organized for leaders of the cooperative to members maintain transparent and accurate accounting systems. The training was very practical and dealt with the importance of accounting, record keeping and procedures
Savings mobilization and credit training: The topics covered were types of saving, saving mobilization, process of group formation, loan disbursement and repayment method, roles and responsibilities of management body etc. 58 women attended the training.
Income generating activities One of the focus activities of the cooperative is incense production, which requires small amounts of capital. The cost of production per Kg is $2.6 and the selling price is $5.3 per Kg. The raw material is locally available (local herbs) and only perfume oil has to be purchased from Kathmandu or the nearest city. No outside workers or middlemen are involved in the process allowing the women to maximize their profits.
Cooperative members have taken loans for income generating activities such as incense production, chicken rearing, tailoring, and vegetable cultivation. Many of them earned measurable increases in income and promptly repaid the loans.
The cooperative has started a child saving program to help families save for their children's education.
Some members of the cooperative have taken loans for farming and horticulture using the sustainable practices taught by WACN.
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