VYCCU Savings to assess multi-dimensional poverty of members
Gaindakot : VYCCU Savings and Credit Cooperative Organization based in Gaindakot-8, Nawalpur, has put forward a plan to assess the multi-dimensional poverty of its members.
The cooperative organization is measuring the multidimensional poverty of its members in 10 indicators of three dimensions of education, health and living standards.
VYCCU Chairperson Keshab Prasad Sapkota shared that the organization has propelled the idea in line with the multidimensional concept of poverty which is embedded in the 2030 Sustainable Development Goals (SDGs).
“The framework will be applied to map poverty of its members and the findings and conclusions of the analysis will be used as evidence-based inputs to frame organizational future policy, plans and programmes towards realizing its campaign for happy and prosperous member”, he noted.
Thematic expert Tulasi Prasad Poudel said two indicators of education (years of schooling and child school attendance), two of education (child mortality and nutrition) and six of living standards (electricity, improved sanitation, improved drinking water, flooring, cooking fuel and asset ownership) will be applied to assess poverty of VYCCU members.
It was shared that the cooperative organization has already imparted orientation to 50 students of 18 schools running within the geographical working area of VYCCU as enumerators to collect primary data from the field.
Besides, VYCCU has also put forward member satisfaction survey on its services in order to make its services more effective and efficient, said Vice-Chairperson Trailokya Nath Kharel.
VUCCU which was rated the best savings and credit cooperative of Nepal by the Nepal Federation of Savings and Credit Cooperative (NEFSCUN) now has the strength of 40,000 share members with total capital of around Rs 3 billion. It was established in August 1991 by raising 50 paisa a day from local people.
Chief Executive Officer Madhav Prasad Poudel informed that VYCCU has become the first savings and credit cooperative organization in Nepal to map multidimensional poverty of members which he said would be best used to design new service packages to reduce poverty level.