Develop Women Savings & Credit Cooperative, Nepal

by Women Awareness Center, Nepal (WACN)
Jul 2, 2009

A Tale Of Two Women

We hope you know how much an effect your support has on individual lives. Lives like Bimala, a 46 year old woman and WACN cooperative member.

Bimala Since becoming part of the cooperative, Bimala is able to save Rs 100 (US$1.30) per month for herself, and also save the same amount for each of her daughters, her daughter-in-law and two granddaughters. For income, she is raising a water buffalo. It produces 7 liters of milk per day. She keeps 1 liter (a little over 2 pints) for her family to drink and sells the rest to her neighbors for Rs 25 per liter.

Besides this, she is responsible for collecting money for the electricity bills in the village and travels to the district headquarters in order to pay them. "Being a member of the cooperative,” Bimala says, “I enjoy helping other fellow women and the people of my village.”

Sita Sita is another woman who has benefited from your support. Sita is 36 years old and has 2 daughters and 1 son. When she first joined, she took out a loan of of Rs 5,000 in order to raise goats. She is happy to report that she making her repayments on time. "The money lender charges 36% interest. In the cooperative, we receive a loan with a better rate of 15%,” says Sita. “It is easy to take a loan and do what we need with it." She added that she has also opened an account for her 2 daughters.

Her husband works as a welder, but her supplemental and steady income from raising goats means that now all three of her children are able to go to school. Sita says being a member of the cooperative has changed her family’s economic situation and she feels more empowered to make decisions for her family.


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Organization Information

Women Awareness Center, Nepal (WACN)

Location: Gyaneswor, Khatmandu - Nepal
Website: http:/​/​​
Project Leader:
Gillian Wilson
IDEX Latin America Program Director
San Francisco, CA United States

Funded Project!

Thanks to 121 donors like you, a total of $7,569 was raised for this project on GlobalGiving. Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.

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