Bachan Saving and Credit Co-operative (SACCOS) Ltd. is a primary Cooperative registered in 2008 at the Division Cooperative Office, Government of Nepal under the Co-operative Act, 1992. The philosophy of this organization is that owners and beneficiaries are the same on the basis of democratic practice; membership is voluntary, persuading empathy, mutual respect, self-help, and one member one vote.
Goals: The establishment of this Cooperative is to collect the small savings that are scattered in the community and build capital and entrepreneurial knowledge, skills, and interests in providing loans to the members and investing in the lucrative sector. Even if it is little, it reduces the country’s development and reduces the unemployment problem, and helps in economic and social development.
Strategy: Instead of distributing all profits to members, encourage & “undividable funds” as reserve funds for philanthropic objectives such as cooperative research & development, schools & education, poor relief, and elderly support and peace education.