Introduction

Kumari Saving & Credit Co-Operative Ltd. (KUSCCOOP) is an urban community based single-purposed Saving & Credit Co-Operative Ltd. which is successfully operating since Jestha 20, 2057 B.S. (June 2nd, 2000). Head Quarter (Head Office) at Kathmandu Metropolitan city, wards no 7, Kumari Chowk, Mitrapark, Chabahil, Kathmandu, Nepal. Our objective is to provide sound, safe, secured, and sustainable Co-Operative Banking and Non Banking Services to our members hailing from the urban-middle class, middle class and low class including deprived sections of the community for their common economic, social and cultural development through microfinance, other banking and non banking services (including social responsibilities) in our community by simple banking procedures through our Six Member Service Centers (Branches) including Head Office: Head Office at Kumari Co-Operative Building, Kumari Chowk, Mitrapark, Chabahil, Kathmandu, Nepal & Member Service Centres(Branches) at Manang Plaza - Thamel, KTM, Mahalaxmi Plaza - Kalimati, KTM, Machhapokhari - Balaju, KTM, Shankhu and Koteshwor Chowk, Koteshwor, KTM all located around Kathmandu district.

We follow the norms, values, and principles of the International Co-Operative Movements and we are working under the Co-Operatives Act rules, regulation of Government of Nepal Ministry of Land Management, Cooperatives and Poverty Alleviation and Co-Operative department of Nepal. KUSCCOOP is registered under the Co-Operative Act 2048 B.S.(1991 A.D.) in the department of Co-Operative, Kathmandu, Nepal and our registered number is 617 and PAN Number 301943457.

Currently, we are guided by 5 years strategic plan, policies, guidelines, and organization’s approved annual budget. Having provided long years of extensive service to our members, KUSCCOOP has been upgrading sound, safe, secured, and a sustainable Co-Operative in Kathmandu, Nepal.

Our Co-Operative was established years of 2000 A.D. with 25 founder members and a capital of 25 Lakh (2.5 Million) and at present, we are more than 7,600 members where 60% male and 40% are females. Now KUSCCOOP has achieved the total assets more than 1 Arab 75 crore (1 Billion 750 Million) Nepalese Rupees. Our future plan will be to achieve 16,425 members and 3 Arab 25 Crore (3 Billion and 250 Million) total asset by the year of 2082 B.S. (2024 A.D.).

KUSCCOOP has build the 8.5 storied Kumari Co-Operative Building (Kumari Building) for its Headquarter (Head Office) at Kathmandu Metropolitan city, Wards no 7, Kumari Chowk, Mitrapark, Chabahil, Kathmandu, Nepal and operating its office here from Asoj 4, 2069 B.S. (September 20, 2012 A.D.). Managed by experienced, dedicated, and visionary Board of Directors, Management, Sub-Committees, Account Supervisory Committee, and experienced SMART, dedicated and qualified employees. Organization has achieved continuous growth in services, transactions, total assets, share capitals, and members.

We are using the latest modern banking software (Micro Banker), other digital technologies; SMART Banking Service (Mobile Banking Service, SMS Service, ATM Card Service, Remittance Service) and Online Bill payment service. In upcoming days, we will provide internet banking service soon to our members as per their needs and choice. And also, we are always attentive towards our social responsibilities (non-banking service) in our community.

KUSCCOOP will assure sound, safe, secured, and sustainable saving & credit co-operative banking service to our members and safety to their hard-earned money. We provide a competitive interest rate in saving & credit services on the basis of fair market competition.

KUSCCOOP’s Board of Directors, Account supervisory committees members, Sub-committees member, Management Team and its staff are all honest and well experienced individuals in financial and co-operative sectors.

"Kumari is My First Choice of Co-Operatives"

(F I N A N C I A L  S A F E T Y  F I R S T)

Kumari is always a First Choice of Co-Operatives compared with other such similar Saving & Credit Co-Operatives around Nepal. We operate in accordance with the Co-Operatives Act, Rules, Regulations, Policies and International Co-Operative Codes and Ethics as well as the general nine (9) Principles/Guidelines of Credit Union. Following our 20 years of extensive experience, we are firmly established with our members’ in the financial market of Kathmandu, Nepal as safe, sustainable, reliable and a trustworthy Co-Operative in Nepal. We are strongly believe in (Financial Safety First) because we are promised to our members for sound, safe, secured, and sustainable Co-Operative banking services to function and maintaining it to their hard-earned money. For financial security we provide collateral based loan to our members, and higher security on lending to their needs of accordingly; financial, social and cultural aspirations of our individual members. So, we apply Easy, SMART, and Modern Banking Technologies in our daily financial transactions. We are always providing attractive interest rates on savings and credits services on the basis of a fair market competition.

Therefore, if you want to desire to get a new membership in our Co-Operative, we are always welcome you at KUSCCOOP for all the preferred information and membership. So, we  always welcome to all the individuals to visit our website www.kumarisaving.com.np or visit us once at Kumari Head Quarter (Head Office) or nearest convinent Member Service Centre (Branches) to become a member as your choice of financial Co-Operatives and enroll in savings today because Kumari Saving assures sound, safe, secured, and sustainable saving & credit services and determined to be always Kumari is a first Choice Co-Operatives among Co-Operative croud.