21 November

SACCOS Summit in Nepal

  • Date : Saturday November 21, 2009
  • Venue : SACCOS Summit in Nepal


SACCOS Summit in Nepal
118 directors and staff of 61 SACCOS from 22 districts in Nepal attended the two-day CUMI Summit on November 20-21. The summit highlighted the CUMI/Microfinance experience of nine SACCOS. Fifty-two SACCOS in attendance agreed to reach the poor at the end of the summit. The summit culminated with a declaration indicating that poor needs opportunity, they can save and they are trustworthy. The declaration included commitment to reach minimum of 300 poor in the first year of CUMI implementation and 1,000 on the 2nd year of implementation. Standardize terminology will also be used on poverty alleviation programs in SACCOS – CUMI methodology. The Summit was organized part of the CUMI Campaign to reach minimum 1 million poor launched by ACCU with member organizations. The Nepal Federation of Savings and Credit Cooperatives (NEFSCUN) has committed to reach additional 100,000 by 2012.

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