Chandragiri Savings and Credit Cooperative Ltd. is a member-owned cooperative organization that was established in January 2001 in Mahadevsthan, located in the northern part of Chandragiri Hill in Kathmandu District, Nepal. It was founded by 25 individuals, including unsalaried workers, farmers, and social activists, with the aim of fighting poverty and promoting mutual help through cooperative activities.

Registered under the Cooperative Act 2074, Chandragiri Savings and Credit Cooperative Ltd. has been providing a wide range of financial and other services to its members, covering Kathmandu and Lalitpur Districts and Dhunibesi Municipality of Dadhing District. With three service centers in different locations, the cooperative offers 15 saving products, 19 loan products, 7 Social Security packages, 4 other services, and 5 Digital Banking services.

Affiliated with prestigious organizations such as the Association of Asian Confederation of Credit Union (ACCU), Nepal Federation of Savings and Credit Cooperative Union (NEFSCUN), National Cooperative Bank of Nepal (NCBL), Bagmati Province Savings and Credit Cooperative Union, Kathmandu Saving and Credit Cooperative Union (KASCUN), and Kathmandu District Union of Cooperative, Chandragiri has been actively contributing to the promotion of savings and credit cooperatives in Nepal and also in Asia.

Due to its commitment to providing quality services and contributing to the nation’s development, Chandragiri has received numerous awards and recognition, including “The Excellent Cooperative Business Award 2076” from the National Cooperative Federation of Nepal.

Regardless of the circumstances, Chandragiri is always ready to support its community. During the pandemic, the cooperative organized blood donation programs, provided loan interest rebates to COVID-affected borrowers, facilitated members’ participation in Corona insurance, and offered emergency fund support to those heavily impacted by the virus. Chandragiri also supported the local and federal governments by contributing to the coronavirus fund and providing funds to the National Innovation Center to encourage social activities. The cooperative’s goal is to ensure the happiness and prosperity of its members while maintaining the solvency of their businesses and protecting their loans. It emphasizes the preservation of members’ financial health and safety, with the hope that a new normal day will come after overcoming the challenges posed by the pandemic.

During times of financial crisis, Chandragiri Savings and Credit Cooperative Ltd. has demonstrated strong financial viability and resilience. The cooperative’s prudent financial management practices and diversified portfolio have enabled it to navigate challenging economic conditions effectively. By offering a wide range of financial services, Chandragiri has diversified its revenue streams and minimized risks associated with a single product or sector. Furthermore, the cooperative’s adherence to strict risk management policies and regular monitoring of its loan portfolio has helped mitigate the impact of the crisis. Chandragiri has also leveraged its strong relationships with affiliated organizations and government institutions to access additional support and resources during challenging times. Through its proactive approach and commitment to the financial well-being of its members, Chandragiri has maintained its stability and continued to serve as a reliable financial partner, even in times of financial turmoil.